Real Estate Appraisers Business Toolbox

Appraisals are such an important step in the real estate transaction, it really does pay to be prepared and make all the right moves.  This was a very succesful post the first time around, so I thought I'd share it with you again.  Hope you enjoy it! Via Frank & Sharon Alters, CDPE-Short Sales Jacksonville-Orange Park-Fleming Island (Watson Realty -) : Appraisals are an important part of the process in purchasing or selling a home. More than ever, the appraiser has the power to determine whether or not a sale goes to the closing table. As if it were not difficult enough to value ... Read Full Story

It's reassuring to know that there are other Appraisers out there who see HVCC for what it is.  If it is not overturned, it's going to make matters worst, where lender pressuring is concerned, and that's just the start.  If anybody cares, please contact your Senators today.  Signing that petition was not nearly enough.  We need the help of other Real Estate Professionals, to make some noise. Via Curtis Harris, BS, CGREA, REB (The Harris Company REA/C) : More Lies From the Appraisal Institute “Yesterday, Thursday, appraisers may have had 50 or 60 clients that they could deal with, so if they were getting undue pressure from ... Read Full Story

  skip to content Search Cornell LII / Legal Information Institute home search sitemap donate http://www.law.cornell.edu/search/index.html Search the entire LII site search for: use AND, OR, NOT -- AND is default * acts as wildcard, phrases in "double quotes" http://www.law.cornell.edu/search/index.html Results WEX Constitution Supreme Court - casenames Supreme Court - full text Circuit Courts US Code Code of Federal Regulations Popular Names of Acts 1 Results from the US Code Showing first 5 results [ See all] US CODE: Title 12,3347. Monitoring of State appraiser certifying and licensing agencies US CODE: Title 12,3342. Transactions requiring services of State certified appraiser US CODE: Title 12,3341. ... Read Full Story

The Home Valuation Code of Conduct (HVCC) is already having a negative impact on California real estate and mortgage transactions. This recent article in the LA Times tells a better story about how HVCC is hurting mortgage brokers, real estate agents, appraisers, and consumers. Your voice needs to be heard - please take the time to sign the Petition to Remove the HVCC Quick History After an investigation by New York Attorney General, Andrew Cuomo, into Fannie Mae and Freddie Mac Appraisal practices, the agencies agreed to adopt new changes to how appraisals are processed in the mortgage industry in exchange for an end ... Read Full Story

Home Valuation Code of Conduct: Action Needed! Our friends in Congress are at it again. Background: 1) The HVCC negatively affects consumers and the already fragile economy. As it stands today, the HVCC will take effect on May 1, 2009, and this rule states that GSEs will no longer purchase loans from lenders “accepting appraisal reports completed by an appraiser selected, retained, or compensated in any manner by any third party.” It overwhelmingly impacts small lending institutions and independent appraisers to the detriment of consumers. a) Consumers will have to pay more for their appraisals to have them completed by AMCs. b) The exclusive ... Read Full Story