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 bedroom homes, etc.
It's ridiculous if you ask me. Here's the petition as it came to me.
If you haven't done so yet, please sign the petition below. Here's the text as it was forwarded to me yesterday. Just read the first sentence. That's enough to peak your interest alone.
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We have HVCC on the ropes so we need your help more than ever!
On Wednesday, October 21st, the National Association of Mortgage Brokers used this petition hvccpetition.com to help convince the House Financial Services Committee to pass an amendment that will finally put an end the mess that HVCC has been making of the real estate and lending industries. More than the 102,000 signatures on the petition, it was the pace at which the petition is growing and the HVCC horror stories signers included with their electronic signatures. Now more than ever we need everyone to rally behind this cause to make absolutely certain it continues to gain the momentum necessary to make it through the House and Senate votes that are forthcoming. Please, please, Please, sign this petition if you haven't done so already and more importantly, send it to everyone you know in any sector of the real estate and lending industry as well as to all the current, past and future clients in your database. The new petition website makes it abundantly clear how all homeowners are losing equity and being harmed directly by HVCC as well as how it is blocking any chance at the real estate recovery our economy needs so desperately. Everyone you send to hvccpetition.com will be indebted to you for looking out for their best interest. We won the first of three battles which is more than anybody thought could happen and if we get serious and rally together now for one last massive push we should be able to put HVCC behind us forever. Thank you for your time, effort and support.
Click here to see our interview with the president of NAMB thinkbigworksmall.com/mypage/player/tbws/19036/-4592
hvccpetition.com
Frank Garay and Brian Stevens
Co-Hosts of the TBWSDaily.com real estate news program tbwsdaily.com
"Concerned advocates for a better real estate industry"
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Larry Bettag - Regional Vice President, Midwest Region
Illinois FHA Specialist
630-417-7172
An Illinois Residential Mortgage Licensee
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Larry.
I agree with you. HVCC has been a train wreck since inception. Anyone who hasnt signed this petition yet, realtor, inspector, closing agent or otherwise needs to do so for the endurance of our industry.
Cheers!