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Reconsideration of Value {ROV}
Question
What is a “reconsideration of value” (ROV) and who can request one?
Answer
Any consideration, or reconsideration of value is a request for an appraisal. Any lender or authorized employee or agent of a lender may request a reconsideration. A borrower may request that the lender reconsider the value conclusion but the borrower is not allowed to communicate the request for a different value directly to the appraiser.
Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, family status, or disability. If you have been trying to buy or rent a home or apartment and you believe your rights have been violated, you can file a fair housing complaint.
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