Appraisal Today

APRIL 5, 2024

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. The second development in the case is that on March 22, 2024, the attorneys for Drs.

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Appraisal Today

JULY 12, 2024

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. percent from 7.03 percent from 7.11

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Appraisal Today

FEBRUARY 23, 2024

The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers. This will save time, especially when consumers request a Reconsideration of Value. percent from 6.87 percent, with points increasing to 0.66

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Appraisal Today

SEPTEMBER 9, 2022

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?

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Housing Wire

NOVEMBER 30, 2021

of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% Reconsideration of Value (ROV) process. Additionally, as directed by the Biden administration, the U.S. Consider that, per recent research by Freddie Mac , 12.5%

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Housing Wire

DECEMBER 20, 2024

Department of Housing and Urban Development (HUD) and the principle of appraisal independence for lenders. We ordered this appraisal from a third party, who contracted the state-licensed appraiser. We offered a reconsideration of value twice to the client. This conversation has been edited for length and clarity.

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Appraisal Today

MAY 24, 2024

Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. 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 average contract interest rate for 5/1 ARMs decreased to 6.48

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Appraisal Today

AUGUST 9, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.55 from 0.62 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.49

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Housing Wire

OCTOBER 24, 2024

Department of Housing and Urban Development (HUD) administers a network of 1,500 Housing Counseling Agencies (HCAs), serving approximately 1 million clients each year. Handling a below-contract appraisal and request for reconsideration of value (ROV).

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Appraisal Today

MARCH 21, 2025

This development is a ray of hope not only for Lanham, who has been unjustly accused of racial bias in his appraisals, but for the entire appraisal community who have been unfairly targeted by NFHAs relentless smear campaign. The underwriter must provide the Appraiser with all relevant data that is necessary for a reconsideration of value.

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Appraisal Today

MARCH 14, 2025

The conversations around these issues are driving the profession to look at things previously unexamined in its distant past, and plot a course for the future that opens up opportunities for professional development and dialogue, mentoring roles, and a new, energized public image for the profession. There is, perhaps, a silver lining.

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Appraisal Today

MARCH 28, 2025

March 28, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA ad: Navigating Value Revisions On Time Adjustments By Timothy Andersen, MAI 19.5 CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. times 42-days or $5,523. percent from 6.72

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Housing Wire

DECEMBER 23, 2024

But as lenders no longer hire appraisers directly, and instead contract with Appraisal Management Companies (AMCs) in this case, Solidifi to then go and locate an accredited appraiser, there is no legal justification for including Rocket in the suit. Each time though, she declined to engage with the process.

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