Editor’s note – Last month we published an article about HVCC which drew quite a few comments and responses….one such response was from veteran appraiser Paul Collins in which he shares his frustration with the state of the industry and the impact of lenders and legislation on his industry. Our thanks to Paul for allowing [...]
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By: Dennis Norman Appraisals continue to be in the spotlight. Investors, builders and other sellers are complaining of losing sales due to low appraisals and often cite HVCC (Home Valuation Code of Conduct) or AMC (appraisal management companies) as the problem. One common complaint is that appraisers are being assigned to do appraisals on transactions in a [...] Dennis Norman By: Dennis Norman May1st the new Home Valuation Code of Conduct (HVCC) went into effect with regard to appraisals and the controversy over it began. Appraisers don’t like it, agents are complaining they are losing sales (which are scarce enough in this market already) as a result of it and lenders are complaining as well. This past [...] |
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