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.

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Appraisal Today

APRIL 5, 2024

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. Listen to motivational recordings or read a book on it. District Court, Maryland.

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Appraisal Today

NOVEMBER 4, 2022

Reconsideration of value and Appraisers. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. We all like free Liability advice!

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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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06

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