Real estate blog entries tagged with congress listens to hvcc complaints by Larry Bettag

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Home : Blogs : Larry Bettag Illinois FHA Specialist : Lending and everything Midwest - Larry's blog : Tag "congress listens to hvcc complaints"

congress listens to hvcc complaints: HVCC is to finally go away!!!! - 02/08/10 11:37 AM

HVCC is known as Home Valuation Code of Conduct. I like to affectionately call it hell for homebuyers, home sellers, realtors, real estate attorneys and lenders. Reaty Times reported that the days for HVCC are numbered and the death of HVCC is imminent......
THANKFULLY!!!! In the article (see www.realtytimes.com/rtpages/20091221_washingtonreport.htm) It's stated that Congress took a major step in eliminating what has been a painful thorn in the side of home sellers, Realtors, home builders, mortgage brokers and appraisers since hte inception of HVCC.
As part of its financial and mortgage industry reform bill, the House voted to terminate the controversial Home Valuation Code of Conduct (HVCC) … (12 comments)

congress listens to hvcc complaints: A Final Death Blow to HVCC???? - 01/15/10 08:51 AM

I just got this news about HVCC. HVCC is known as Home Valuation Code of Conduct, otherwise known as hell for homebuyers, home sellers, realtors, real estate attorneys and lenders. Reaty Times reported that the days for HVCC may be numbered.
In the article (see www.realtytimes.com/rtpages/20091221_washingtonreport.htm) It's stated that Congress took a major step last week toward eliminating what has been a painful thorn in the side of home sellers, Realtors, home builders, mortgage brokers and appraisers for months.
As part of its financial and mortgage industry reform bill, the House voted to terminate the controversial Home Valuation Code of Conduct (HVCC) once … (7 comments)

congress listens to hvcc complaints: HVCC Update - 10/27/09 08:39 AM

HVCC Update. The petition that has been going around seems to have finally made its way to congressional leaders. The House Financial Services Committee has been receiving lots of noise as to the negative affects that this law is having on the consumer. More importantly, the representatives are hearing the nightmare stories that have come along with it. Stories include shoddy appraisers being allowed to "get back in the mix" even though companies have blacklisted them. Appraisers from Illinois going to Milwaukee to appraise properties where they have no knowledge of the local markets. Four bedroom homes being appraised as two … (2 comments)

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Larry Bettag Illinois FHA Specialist

Saint Charles, IL

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