You Can Challenge Inaccurate Appraisals


Accurate appraisals play a crucial role in maintaining the integrity of mortgage lending, the housing industry, and our communities. Inaccuracies in valuation can have far-reaching consequences, impacting affordability, property sales, refinancing opportunities, and even the risk of foreclosure. We understand the importance of fair and precise appraisals, which is why BankSouth Mortgage is committed to helping our customers challenge any appraisal they believe to be inaccurate through a Reconsideration of Value (ROV) request.

Why It Matters

Overvaluation and undervaluation alike pose significant challenges for homebuyers and homeowners. When a property is overvalued, it can limit affordability, complicate the selling process, and increase the risk of financial distress. On the other hand, undervaluation can prevent homeowners from accessing their accumulated equity by hindering their ability to sell or obtain a home equity loan. Undervaluation can also limit a buyer’s ability to purchase the home they have chosen. Ultimately, both scenarios impede individuals, families, and neighborhoods from building wealth through homeownership.

Understanding the ROV Process

At BankSouth Mortgage, we believe in providing our customers with clear and accessible information on how to address concerns regarding the accuracy of their appraisals. The Reconsideration of Value (ROV) process ensures that every applicant has a chance to present their case and explain why they believe a valuation is inaccurate.

How It Works

If you believe that your home valuation is inaccurate, you can request a Reconsideration of Value by following a straightforward process. We encourage you to point out any factual errors, omissions, inadequate comparable properties, or evidence that suggests the appraisal was influenced by prohibited bias. Our aim is to provide you with an opportunity to present your concerns and provide supporting documentation to back up each issue raised.

Requesting the ROV at BankSouth Mortgage

If you have received an appraisal as part of the application process with BankSouth Mortgage that you believe is inaccurate, you can complete this ROV Request Form and send it to [email protected].

Accessible to All

BankSouth Mortgage wants to emphasize that the ROV process is available and accessible to all applicants. We are committed to fairness and transparency, ensuring that every customer has the chance to challenge an appraisal they believe to be flawed. We understand the emotional and financial impact of inaccurate valuations, and we want to assist you in obtaining an accurate assessment of your property’s value.

Appraisal Accuracy is Important to Us

Accurate appraisals are fundamental to maintaining a thriving housing market and ensuring the well-being of homeowners and communities. At BankSouth Mortgage, we are dedicated to empowering our customers and providing them with the tools and resources they need to challenge inaccurate appraisals through the Reconsideration of Value process. If you believe your valuation is inaccurate, we encourage you to reach out to us, so we can work together to address your concerns and ensure a fair assessment of your property’s value. Your satisfaction is our priority, and we are here to support you every step of the way.

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