Representatives Childers (D-MS) and Miller (R-CA) introduced HR 3044 on June 26, which calls for an 18 month moratorium on HVCC (Home Valuation Code of Conduct)
I don't know that this will make a difference now that appraisers have gotten in the groove for giving low appraisals. It's like a horror movie: "Revenge of the Appraisers" They're getting everyone back for all the years they were "coerced" into providing high appraisals. Now, they will collectively bring prices down, down, down and, in the process pull so many people underwater it won't be funny.
Ken ... It may not make a difference ... But it certainly can't hurt if everyone is once again allowed to communicate with each other. To review comps or market trends or whatever.
A few weeks ago one of the agents had a transaction where the appraiser was two hours late for a 9:00 AM appointment --- no one dared call him to say "Get your A$$ out of bed!"
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What is a CAT BLOG?
According to Seth Godin: "Cat blogs are for, by, and about the person blogging. A cat blog is about your cat and your dating travails and your boss and whatever else you feel like sharing in your public diary."
Well, I am the boss, my dating years are behind me, but I do love my cats.
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Wow. That's pretty significant since they went out of their way to ram it through... I am going to be lurking to see where this conversation goes. :-)