Housing Wire
MAY 20, 2024
The changes also include the addition of accessory dwelling units (ADUs) to the definitions of eligible properties. “A An extensive update was published to general reconsideration of value (ROV) requirements. There are also newly added definitions for what constitutes “foreign income.”
Appraisal Buzz
JUNE 7, 2021
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). That’s because a reconsideration of value is merely a specific type of revision request.
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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. It was definitely a rush job! Actually, he was very quick to get out to the house and do the appraisal, so no problem there. 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.
Riverfront Appraisals
JULY 29, 2021
So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.
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 Buzz
JULY 17, 2024
This graceful exit, by definition, will involve a sale of the home, but it could incorporate flexible options that allow the homeowner to stay in the home for a period (i.e., lease back the property). We’re continuing to build on our lessons learned to help more homebuyers take advantage of appraisal alternatives in the future.
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