Contracts Information Reconsideration of Value 
Housing Wire
MARCH 20, 2025
Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). It also sought to allow consumers to provide institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal.
Appraisal Buzz
JUNE 7, 2021
Additionally, client contracts often require that appraisal management companies ensure staff receive proper training on various topics. Buzz : How should AMCs handle a reconsideration of value (ROV)? Josh : If the AMC knows how to handle a revision request, they already know how to handle a reconsideration of value (ROV).
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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. The GSE’s have similar policies.
Cleveland Appraisal Blog
MARCH 30, 2021
Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.
Birmingham Appraisal
JUNE 13, 2023
Do provide a packet of information about the property. This will help the appraiser understand the features and characteristics of the property and save them time in researching and verifying the information. Do provide information about comparable sales. Do provide information about comparable sales.
McKissock
JANUARY 8, 2021
The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA.
Annarbor Appraisal
SEPTEMBER 6, 2020
When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process. Another possible reason for an ROV would be incorrect information in the appraisal report. This begs the question, what, if anything, can the consumer do about it?
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