Cleveland Appraisal Blog

MARCH 30, 2021

When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. My opinion of the market value of the home was very similar to its reproduction cost. www.homevaluestories.libsyn.com. www.anchor.fm/cash-appraiserstats.com.

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Appraisal Today

MAY 10, 2024

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.

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Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

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Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!

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Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it? So if this is […].

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Birmingham Appraisal

SEPTEMBER 15, 2022

The AMC scenario was put into place several years ago to reduce direct contact between the loan officer and the appraiser, however as I said it can be a slower process. There is always the possibility that the appraisal value is less than the contract price. What If The Appraisal Is Less Than The Contract?

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