Housing Wire
MARCH 23, 2023
In October, the Federal Housing Finance Agency (FHFA) published the first publicly available datasets of aggregate statistics on appraisal records, which provided the public with access to data and trends found in appraisal reports.
Housing Wire
JANUARY 24, 2022
The report, commissioned by the Appraisal Subcommittee and led by the National Fair Housing Alliance , found that the appraisal industry, in sharp contrast to other sectors in housing finance, has been allowed to regulate itself. Our analysis finds that the appraisal industry has operated in a relatively closed, self-regulated framework.”.
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Birmingham Appraisal
JUNE 13, 2023
However, as an appraiser, I have to look beyond the offers and consider other factors that affect market value, such as supply and demand, market trends, buyer preferences, financing conditions, etc. Multiple offers can be useful information for appraisers, but they are not conclusive evidence of market value.
Annarbor Appraisal
SEPTEMBER 6, 2020
Challenging the results of the appraisal for mortgage financing. Lenders offer a formal “Reconsideration of Value” (ROV) process. If the value remains the same, then it is time to renegotiate or move on. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer.
Portland Appraisal Blog
APRIL 14, 2019
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). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.
Birmingham Appraisal
FEBRUARY 20, 2024
Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. By making this information available to the appraiser upfront the appraisal process will go more smoothly.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. We all like free Liability advice!
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