Real Estate Reconsideration of Value Reference Valuation 
Housing Wire
MARCH 24, 2022
Fannie Mae and Freddie Mac referred requests to comment to the Federal Housing Finance Agency. Others may be reluctant to risk delaying or spoiling a time-sensitive real estate transaction with a fair housing complaint. Most complaints of undervaluation currently occur through the reconsideration of value process with lenders.
Housing Wire
FEBRUARY 24, 2023
Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner.
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Appraisal Buzz
FEBRUARY 7, 2022
Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. Desktop Process Challenges & Risks.
Appraisal Today
APRIL 5, 2024
Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland. Connolly and Mott and for loanDepot.com filed a settlement with the court.
Appraisal Today
NOVEMBER 4, 2022
Practical real estate appraisal writing tips for AMC questions. 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. This process is often referred to as a “reconsideration of value” or “ROV.”
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