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According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. (Warning – This video is a little loud.
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.
The implication that if the VALUE is too low, then there must be “material deficiencies” present, is deeply troubling! Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. The article does not stress ‘bad.’…
In this article, she offers some tips on how to transition a loved one to senior living. She’s an avid personal development enthusiast and an expert in the field of health and fitness. Here are some links to other articles I’ve enjoyed recently! Reconsideration of Value and Appraisers – APPRAISAL TODAY.
Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. One possibility being discussed is a standardized reconsideration of value process that a property owner can utilize if they believe their house was undervalued by an appraiser. Article written by Joseph Dobrian.
James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. This includes the development and enhancement of automated appraisal-scoring tools and analytic products. Sign up now. Sign up now.
As strategies continue to develop and evolve, we believe it’s important to engage and communicate with stakeholders, so here are three key items we believe appraisers should keep top of mind in 2024. It’s a necessary step in developing credible reports. If you do residential lender appraisals, read this article.
James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. Invest in your professional development with one-hour, non-credit webinars presented by experts. View Pro-Series webinars.
Types of Value (Partial List) Assessed Value Investment Value Insurable ValueValue in Use Book Value Intangible Value To read more, Click Here My Comments: Read this article! It is the best article I have read on different types of values, plus other comments. 31, 2024.
You can read more about property inspection waivers in a past article I wrote. Basically, an appraisal determines the value of a property, and the home inspection reports the home’s overall condition as well as that of the different systems. There is always the possibility that the appraisal value is less than the contract price.
To read more, Click Here My comments: The article also discusses bias. The defendant appraiser valued their home at $472,000; a second appraiser later valued it at $750,000 after the couple “whitewashed” the residence and had a white friend stand-in for them. Significant developments have occurred in the case.
I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). I read articles online and in the local newspaper, but they didn’t have much information. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!
By staying honest and true to your values, others are more likely to trust and collaborate with you or recommend you and your business. Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts.
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?” What Is a Reconciled Value? Excerpts: What does the appraiser do with the three different values that may be developed?
His pieces are not what I would call news articles. Click here = Want to read articles about USPAP, Appraisal Business Tips, Liability, and many other topics written for appraisers? I’m always looking for something new = ROV, Part 2 By George Dell, SRA, MAI, ASA, CRE Excerpts: ROV (Reconsideration of Value) is now in the boat.
The first article I have seen showing why appraisal waivers can be bad for borrowers. This article shows you how much they vary over time. To read the full article, plus graphs and 2+ years of previous issues, subscribe to the paid Appraisal Today at www.appraisaltoday.com/order. Lenders Benefit More Than You Do.
The March 2025 issue of Appraisal Today has a very comprehensive article for appraisers: Can you use the assessors assessment values for site valuation, by Tim Andersen, MAI. Thanks to WorkingRE for this comprehensive article on the issue. Appraisers being trapped in this is a big problem. Not sure if you want to subscribe?
To read the full article with ideas on how to become more positive, plus 3+ years of previous issues, subscribe to the paid Appraisal Today. Department of Housing and Urban Development (HUD). This article from a reliable source confirms the bias connection. If you are reading this, you are a survivor. Those who adapt survive.
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