new appraisal rules: New Appraisal Rules for Real Estate are Causing Problems - 08/23/09 12:05 PM
It's pretty standard knowledge that all local real estate markets are different.  Why, then, would it make sense for appraisals to be conducted by out-of-the-area appraisers who lack any knowledge of the area that the property is in? 
Recent changes in the appraisal code have been making this practice become more commonplace. The Home Valuation Code of Conduct (HVCC) was developed by New York Attorney General, Andrew Cuomo in an effort to end corrupt practices in the business of appraising residential properties.  It may have achieved that goal to a certain extent but, in the process, has also caused some problems. 
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