Development Law Reconsideration of Value 
Housing Wire
OCTOBER 21, 2024
Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , and the appraisal management company Solidifi U.S. And the Detroit-based lender believes it’s a “massive overreach.” ” On Monday, the U.S.
Housing Wire
MAY 2, 2024
Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”
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Housing Wire
MARCH 23, 2022
The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. One challenge in assessing the scope of appraisal bias is rooted in the informal process of challenging an appraised value.
Housing Wire
MAY 20, 2024
Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, An extensive update was published to general reconsideration of value (ROV) requirements.
Housing Wire
DECEMBER 20, 2024
Department of Housing and Urban Development (HUD) and the principle of appraisal independence for lenders. We followed the rules; we followed the law. We offered a reconsideration of value twice to the client. This conversation has been edited for length and clarity. We did nothing wrong.
Appraisal Buzz
FEBRUARY 7, 2022
In turn, appraisers developed, supplemented, and maintained practices to ensure the data provided to the appraiser did not result in a misleading appraisal. Inspection relief was successful as lenders and appraisers developed appropriate processes. Lenders rely on regulation and policy.
Birmingham Appraisal
SEPTEMBER 15, 2022
Basically, an appraisal determines the value of a property, and the home inspection reports the home’s overall condition as well as that of the different systems. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting.
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