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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Usually this is done via a document known as a “reconsideration of value” (ROV for short).

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What If The Appraisal Is Less Than The Contract?

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How to Find Comps With Few Sales

Appraisal Today

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! 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. Very comprehensive.

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Reconsideration of Value and Appraisers

Appraisal Today

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?” The architect Sandra Rishani told Insider no new structure can be built in its place because of zoning laws. percent from 5.80