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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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A New ‘Standard’ for ROV Requests

Appraiserblogs

But I digress… According to the Dodd-Frank law, and the HVCC before it, clients are allowed to challenge the appraiser’s value opinion by submitting what is termed in the law “appropriate” sales to be further reviewed, with the expectation that. White Paper: Requests for Reconsiderations The paper states that…. No thank you.

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We recognize that is not always the case, but that is a blog for another day. We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. Remain Objective and Professional Take a deep breath.

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Practical Tips for Working With AMCs

Appraisal Today

My comments: Read this blog post with practical tips from practicing appraisers. It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We recognize that is not always the case, but that is a blog for another day. We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. Remain Objective and Professional Take a deep breath.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. What is a Reconsideration of Value?