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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: Reconsideration of Value – TAA Podcast 155
Description: Â
The reconsideration of value is a formal process. In the Fannie Mae Selling Guide are the guidelines that allows a lender or borrower to request a review of an appraisal when relevant new information may affect the value opinion. This isn’t about disagreeing with the appraiser’s judgment. It’s about presenting factual, material data—such as overlooked property features or newly closed comparable sales—that may not have been available during the original analysis. The appraiser then reviews this information and determines whether it justifies any change to the original value.
A reconsideration of value must...