Mortgage Lending: 7.6.6.3 Retrospective and Review Appraisals
A retrospective appraisal is sanctioned by the USPAP and looks at comparable sales at the time the original appraisal was done.778 A retrospective appraisal should be accepted as evidence of the value of the house at the time of the transaction.779 The weak point of a retrospective appraisal is that the home’s condition may have changed.