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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Appraisal Buzz

JULY 17, 2024

We remain committed to ensuring our retention workout options provide appropriate borrower assistance regardless of the economic environment while also managing our book of business responsibly by reducing defaults and mitigating credit losses.

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Appraisal Today

AUGUST 9, 2024

Types of Value (Partial List) Assessed Value Investment Value Insurable Value Value 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.

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Appraisal Today

NOVEMBER 4, 2022

Reconsideration of value and Appraisers. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. This process is often referred to as a “reconsideration of value” or “ROV.” The ads regularly get the largest number of “hits,” indicating that readers like them.

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Appraisal Today

JULY 26, 2024

For typical assignments, I see more errors in 2-4 appraisals than I do in any other kind of property type, including vacant residential land (proposed construction requiring an as is and prospective value are not “typical” in my book of definitions). A Reality Check Southernmost House in Continental U.S.

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Appraisal Today

APRIL 5, 2024

More significantly, loanDepot.com agreed to an extensive revamping of: (a) its reconsideration of value practices; (b) fair housing/non-discrimination training requirements; (c) statistical tracking of appraisal outcomes; and (d) training and contractual requirements for AMCs and appraisers. Avoid pessimistic people. They really help.

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Appraisal Today

JULY 12, 2024

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