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Click ‘Get Form’ to open the sample reconsideration of value letter in the editor.
Begin by entering your personal information at the top of the form, including your name, address, and contact details. This ensures that the appraiser can reach you for any follow-up questions.
In the section designated for property details, input the original case number and relevant property information. This is crucial for linking your request to the previous appraisal.
Next, provide a detailed explanation of why you believe a reconsideration of value is warranted. Include any new data or comparable sales that support your claim.
Finally, review all entered information for accuracy before submitting. Utilize our platform’s features to save and share your completed document seamlessly.

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What is a reconsideration of value disclosure letter?

A Reconsideration of Value (ROV) is a request for the appraiser to reconsider the analysis and conclusions of the appraisal. This request may ask for a correction, or for a reevaluation of the appraised value based on information not present on the appraisal report.

How do I write a letter of reconsideration?

How to write a letter of reconsideration of appeal Confirm the recipients information. Consider why you want a reconsideration. Find out why they passed. Support your request. Add a conclusion.

What is the success rate of reconsideration of value?

Reconsideration of Value (ROV) Playbook The ROV process offers your best chance for appraisal adjustment without renegotiation. With proper preparation, ROV requests achieve approximately 24% success rates.

How to request a reconsideration of value?

If you have concerns with the appraisal, your loan officer or banker will discuss the process to relook at the value, referred to as a Reconsideration of Value or ROV. The first step is to work with your loan officer or banker to submit information necessary to complete the ROV request.

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