HVCC Sucks...this program has cost me a lot of money.  But more importantly HVCC has blow a lot of deals due to inept appraisers.  Through the random appraiser ordering selection process, bad appraisers are being selected and good appraisers are being neglected. 

For Example:  the HVCC selection gods sent an appraiser from Illinois to appraise a home in Milwaukee.  For those of you who are geographically challenged, that's in Wisconsin!  The appraiser appraises a 4 bedroom home as a two bedroom home.  This particular appraiser was blacklisted by our company, but found new life under HVCC law and has now a booming practice offering incompetence everywhere he goes.  The commission wasn't lost, but it was greatly reduced due to paying for extensions to "appeal" to the HVCC gods to show that the appraiser was a crack head who didn't know his head from his ying yang.  Most importantly, our customer service now wanes because I have to say:

No Mr. Home refinancer.....even though I didn't order your appraisal directly I did start the process in motion....

I fully understand Mr. Home refinancer that you don't have a 2 bedroom house...yes it is a 4 bedroom house.....no I don't need to see the pictures of your home to prove it.

blah, blah, blah.....and so on and so on and so on.  IT'S THE PROBLEM WITH HVCC...NOT ME!!!!!  But as I have the relationship with Mr. Client, it is my problem. 

As a side bar....I CAN'T WAIT FOR THE GOVERNMENT TO TAKE OVER HEALTH CARE.  SORRY ABOUT THE DIGRESSION....

image taken from http://img522.imageshack.us/i/250pxdohzg5lz0.jpg/

I've posted on this before 1 Month Review of the HVCC Appraisal Changes - What Realtors, Lenders and Consumers Need to Know. 

As of now there's a bill moving through congress asking for an 18 month moratorium on this.  That would be so good.  I understand the intent of this bill.  I think that the unscrupulous need to be hung by their toe nails....forever...as well as booted from the industry. 

But the opposite is happening here!!!!  Could it be that opposites attract?  We want the good and want the bad out, but we're getting exactly the opposite of what was intended?

image taken from www.yourspaceisbest.com/upload/graphic/opposites-attract.jpg

 So............

1) What's a consumer to do to ensure a fair appraisal? 

2)  What's a consumer to do to ensure a timely appraisal?

3)  What's a consumer to do if they don't like an appraiser's results?

4)  What sort of INSURANCE can be given that will allow borrower to refinance EVEN IF THE HOME WERE TO GO DOWN IN VALUE?

Stay tuned for part two.  This does exists.  There is an insurance that will allow you to refinance your home even if the values were to drop.  This program does exist, but Part II is forthcoming.