Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

How to Respond to ROV Requests: Updated Guidance

Appraisers have been dealing with Reconsideration of Value (ROV) requests from clients for decades. However, in the past couple of years, the industry has experienced a significant increase in the number of ROV requests as well as the sources of the requests. This appears to be due, in large part, to the unprecedented upward price trending in virtually all real estate markets around the country and the challenges appraisers face when developing opinions of

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