Any suggestions on:

 

(1) General likelihood of success on a challenge of an inflated VA appraisal?

(2) Brief description of process?

(3) Tips for successful challenge?

 

Thanks

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Not likely.  You can contact the VA Loan tech, but I've had no success even when the Appraisal contained incomplete and inaccurate info.

5. RECONSIDERATIONS OF VALUE (ROV)

When the appraised value falls below the sales contract, any party to the transaction may

request a reconsideration of value. This request generally comes through the lender or VA and

is forwarded on to the fee appraiser. The requestor may, but is not required to, submit

additional sales data for review in the reconsideration process. If the requestor or other party

should submit such data, this information must be submitted in a format similar to the sales grid

of the URAR. Whether or not the requester submits additional data, the fee appraiser will have

5 work days to respond to the reconsideration request.

When information submitted in support of an ROV request requires the fee appraiser to review

data that was not available at the time of the appraiser’s report, the appraiser will be allowed to

charge a reasonable fee for this service. If the appraiser finds during the review that errors

and/or omissions were made by him/her that affected the final estimate of value of the original

report, no additional fee will be allowed.

 

http://www.vba.va.gov/ro/houston/lgy/VA%20APPRAISAL%20GUIDELINES%20... 


If you learn of property damage after obtaining the appraisal but prior to the completion
of the foreclosure sale, you must contact the appraiser to obtain an updated appraisal
report that considers the property damage. You should use the updated NOV and adjust
the net value if necessary. For more information on property damage and insurable loss,

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