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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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How to Find Comps With Few Sales

Appraisal Today

” I had never heard of appraising, and I got a book on appraising at the local library before my interview. The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers. It said, “Work in the field.”

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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Excerpts: 2.