Definition Legal Reconsideration of Value 
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.
Portland Appraisal Blog
APRIL 14, 2019
Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal. If any of the above points are all valid for your deal it could result in a different value conclusion.
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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?” Get the relevant date of value from the client or client’s attorney. How to Respond to ROV Requests: Updated Guidance.
Appraisal Today
MARCH 21, 2025
You definitely needed to be nice, not rush through the inspection, dress professionally, etc. The National Fair Housing Alliance (NFHA) has found itself in a precarious position as their funding well runs dry, jeopardizing their ongoing legal battle against Maryland appraiser Shane Lanham. Home owners completed reviews of appraisers.
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