Housing Wire
MARCH 20, 2025
Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners.
Housing Wire
MARCH 18, 2024
Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.
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Housing Wire
FEBRUARY 24, 2023
Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner.
Birmingham Appraisal
MARCH 26, 2025
Similar school districts, especially in areas where schools significantly impact home values. Within a similar competitive market area (if no sales are available in the subject’s neighborhood or subdivision): ie, an area with similar quality, style, and price range of homes.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. We all like free Liability advice!
Appraisal Today
JULY 26, 2024
Other recent appraisals of the same property had steadily increased in value, yet this appraisal resulted in a dramatic drop, despite the Denver market experiencing substantial growth in home values at that time. A Reality Check Southernmost House in Continental U.S. Is for Sale in Key West (It’s Next to the Buoy) for $18.5
Appraisal Today
FEBRUARY 23, 2024
This will save time, especially when consumers request a Reconsideration of Value. Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” percent of total applications from 34.0
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