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6 Comments on HVCC Needs To Be Repealed. Think I'm Kidding? Go Read Chris Elizabeth Griffith
C, I just read Chris's piece and think it's a scary great analysis of what's going on. Back when I was working as a consumer advocate, I learned that when throwing a new regulation at a problem, the regualtor has to be very, very careful.
Hello C: I read it, too. In fact, I wrote about it for About.com, calling HVCC a monstrosity and a disaster. I hear that the National Association of REALTORS is now asking the legislature for an 18-month moratorium on HVCC.
Elizabeth, post me a link in the comments section so I can read it and update my post linking back to you as well.
Patricia, I'm trying to figure out if this is unintended consequences or something else going on. What ever it is, it totally whomps. They need to repeal this.
Free markets thrive, micro-management with a stupidity stick should not be allowed to stand. The government needs to admit they made a mistake and move on to something more effective (big hint: dump this and start from scratch with the people who actually do the damn work and not big business looking to whack the competition and take the small business owners out of the game.)
C - Thanks for carrying the torch on this. We've written about it and have signed the petitions. It sounds good on the surface, but is terrible in its application. It is having a negative impact in our market including escrow delays, higher cost to the consumer, and poor appraisal work. Other than that its alright ... ha.
I always like a good opportunity to learn something new. I'll check out the whole article and see what's up.
Jim, I was set back a month on a closing. Not fun at all...
JL, thank you. :-)