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HUD rescinds appraisal review policies

Housing Wire

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S. Department of Housing and Urban Development (HUD).

Appraisal 213
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ICE unveils two new property valuation solutions

Housing Wire

Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.

Valuation 448
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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. Another common theme is reducing the amount of subjectivity within the appraisal forms and data standard.

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Freddie Mac Appraisal Advice

Appraisal Today

Appraisal Insights With Freddie Mac by Scott Reuter, Freddie Mac One of the goals at Freddie Mac is to help lead the way toward a more transparent and equitable housing finance process. Market Conditions Analysis Market conditions analysis is the backbone of an appraisal. It’s a necessary step in developing credible reports.

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Appraisal Comparable Guidelines: A Cheat Sheet for Agents

Birmingham Appraisal

To get it right, many agents rely on a Comparative Market Analysis (CMA), but appraisers take this process a step further by applying specific guidelines when selecting comps (appraisal comparable). Understanding these guidelines can help you price homes more accurately and prevent surprises when the appraisal comes in.

Agents 58
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Practical Tips for Working With AMCs

Appraisal Today

Appraisers Share Their Best Tips for Working with AMCs. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. My comments: Read this blog post with practical tips from practicing appraisers. Practical real estate appraisal writing tips for AMC questions.

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How to Find Comps With Few Sales

Appraisal Today

I quit making dollar adjustments on form appraisals many years ago, but I always do market conditions adjustments when needed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. I do a lot of estate appraisals, which are not current value. Isn’t appraising boring? baths, 12,770 sq.ft.,