Real Estate Blog - Request for Careful Consideration for HVCC (NEW APPRAISAL CODE)

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Request for Careful Consideration for HVCC (NEW APPRAISAL CODE)

I found this petition on another blog. Please read and sign ESPECIALLY if you have been effected by:

low appraisals
inaccurate information (such as utilities off when they are on)
crazy repairs (outside of the norm)
timeframes for returning reports are inadequate
deadlines for reports are being missed (by a long shot!)

Some of the above bullet points are KILLING deals and buyers are being charged per diem just to wait on appraisals and re-inspections. Sellers are losing money from longer closes because of holding costs.

MAKE SURE YOU LEAVE SPECIFIC COMMENTS! There is a place that you can tell your story! Let's DO IT!

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR on 06/01/2009 11:30 PM

Comments (8)

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Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Request for Careful Consideration for HVCC (NEW APPRAISAL CODE)

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8 Comments on Request for Careful Consideration for HVCC (NEW APPRAISAL CODE)

JUN

Renee

It's getting nuts out there. I had an FHA transaction that someone suggested an environmental. A couple thousand transactions and I have to say this was a first.

Ill head over and take a look. My biggest complaint is cost so far.The values in my area have held great so that end hasn't been an issue.

We've had several negative experiences already. I'm heading over right now. Thanks for the information.

JUN

I obey! I signed the petition AND commented! Thanks Renee for sharing this!

JUN

Thanks Renee. I am in the middle of these issues right now and it is so very frustrating.

JUN

Tom: You almost ruined my day with that comment as much as I love to see you n Lars pop on my blog. One always has to say "what next" with a real estate transaction these days!

Laura: That is great to hear (with values!!)

Jim: You are welcome!

Carla: YOU CRACK ME UP! LOL!

Luisa: It is SO frustrating!!

JUL

Renee: So far, I haven't had any issues with HVCC. I signed the petition but have found values to be fine. Our automated underwriting system even flags properties it deems to be over-valued. Granted, it only takes one to get people's dander up. Perhaps I've been lucky! I'll keep you posted.

JUL

Paul: Congrats on that!

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