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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” It’s important to watch any red flags in the housing market, but it’s also key to stay objective. Was it the borrower?

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. We all know this is true.

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Are Appraisers Professionals?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft., percent from 7.03 percent from 7.11

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Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. Two Trends Slowing Housing Market Normalization. By John Dingeman, Chief Appraiser Class Valuation. Class Valuation AMC does many desktops and hybrids. One was on a tidal canal and built around 1943. June 20, 2022.