Book Contracts Design Reconsideration of Value 
Appraisal Today
MAY 10, 2024
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.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. Architect James Kluttz designed the place for himself and his family in 1987. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. This process is often referred to as a “reconsideration of value” or “ROV.”
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Appraisal Today
FEBRUARY 23, 2024
” I had never heard of appraising, and I got a book on appraising at the local library before my interview. This will save time, especially when consumers request a Reconsideration of Value. But the waterfront building’s more-recent design is rooted in a nautical past. It said, “Work in the field.”
Appraisal Today
SEPTEMBER 9, 2022
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. To read more, click here.
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