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Important changes in the Real Estate world on 5-1-09. This Will effect you. - 04/08/09 08:24 PM
AMC's are taking over the Real Estate industry.

Where do I begin. On 5-1-09 all conventional appraisals will be required to be ordered through an unregulated middleman known as an Appraisal Management Company or AMC for short. This new Federal Government policy known as HVCC was brought to you in part by New York AG Andrew Cuomo and was well intentioned and designed to keep lenders from pressuring appraisers to "make the value". But as they say, the devil is in details and this new policy now creates a greedy middleman aka AMC. The AMC has and will charge more … (2 comments)

 

Clifford "Cliff" Diamond

Santa Clarita, CA

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Clifford Diamond & Assoc.

Office Phone: (661) 251-7205

Cell Phone: (661) 287-3134

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