Clients Contracts Law Reconsideration of Value 
Appraiserblogs
DECEMBER 21, 2021
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….
Portland Appraisal Blog
APRIL 14, 2019
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. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What is a Reconsideration of Value?
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Birmingham Appraisal
SEPTEMBER 15, 2022
Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. The bank is required by law to provide a copy of the appraisal report to the borrower.
Appraisal Today
FEBRUARY 23, 2024
Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. 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
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. Excerpts: 2.
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