Definition Housing Market Reconsideration of Value 
Housing Wire
APRIL 6, 2021
“I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. Actually, he was very quick to get out to the house and do the appraisal, so no problem there. It was definitely a rush job! Wow, since when? He wasted my client’s money.
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 1, 2021
So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […]. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process.
Appraisal Today
AUGUST 9, 2024
Let’s examine eight different types of value and provide a high-level overview of each. Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most appraisers use the “Fannie Mae” definition of market value.
Appraisal Today
APRIL 7, 2023
To read more and see photos, click here To see the listing with virtual tour and very unusual floor plans, Click here My comments: Definitely a challenging home to do a building sketch! Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes.
Appraisal Today
JULY 12, 2024
Definitely read this before doing STRs on a 1007, which an AMC or lender requests. == Key Considerations for Appraising Accessory Dwelling Units (ADUs) By Jo Traut Excerpts: Appraising ADUs requires a nuanced understanding of market characteristics, legal frameworks, and property specifics.
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?” Keep the definition of intended users as narrow as possible. How to Respond to ROV Requests: Updated Guidance.
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