Remove Marketing Remove Mortgage Appraisal Remove Reconsideration of Value
article thumbnail

Challenging a mortgage appraisal

Annarbor Appraisal

Lenders offer a formal “Reconsideration of Value” (ROV) process. The appraisal does not choose sales based on price, but on similarity to the subject property (with being proximate and recent important as well). Reading the appraisal report will disclose why the sales that were used were chosen, and how they compare.

article thumbnail

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Appraisal vs Home Inspection.

article thumbnail

Appraisal Time Adjustments

Appraisal Today

March 28, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA ad: Navigating Value Revisions On Time Adjustments By Timothy Andersen, MAI 19.5 CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. This analysis reveals yet another dilemma.