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 Buzz
JUNE 7, 2021
Additionally, client contracts often require that appraisal management companies ensure staff receive proper training on various topics. Buzz : How should AMCs handle a reconsideration of value (ROV)? Josh : If the AMC knows how to handle a revision request, they already know how to handle a reconsideration of value (ROV).
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Housing Wire
APRIL 6, 2021
“I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said.
Portland Appraisal Blog
APRIL 14, 2019
There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.
Appraisal Today
APRIL 7, 2023
To read more and see photos, click here To see the listing with virtual tour and very unusual floor plans, Click here My comments: Definitely a challenging home to do a building sketch! Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes.
Appraisal Today
FEBRUARY 23, 2024
My job was to equalize values so taxpayers had their “fair share” Definitely the best experience I ever had. This will save time, especially when consumers request a Reconsideration of Value. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 6.87
Appraisal Today
SEPTEMBER 9, 2022
Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” Keep the definition of intended users as narrow as possible. How to Respond to ROV Requests: Updated Guidance. percent from 5.80
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