hvcc expires: The HVCC sounds like a virus but more deadly to some!
- 08/31/09 01:39 PM
Once again the politicians and big banks have done a great job of selling the public a story for their own benefit. The story of saving the unsuspecting public by separating the appraiser from the pressuring broker seems to have been swallowed "hook, line and sinker" as seen in comments from "Joe Public" lashing out at "dishonest appraisers, agents and brokers" over "overvalued appraisals". As with many stories there is a little truth in a lot of the statements, however often twisted and unrecognizable from the original facts. The story being sold as reported in a press release: "Today's agreement with … (5 comments)
hvcc expires: The HVCC and the rest of the story
- 08/26/09 03:31 AM
So often we read about the HVCC and unfortunately much of it is misinformation. Just this morning our local Folsom Telegraph had a letter written by a "Folsom Mortgage Broker" that in part stated that due the the HVCC all appraisals must be ordered by an AMC. Sadly this myth is widely circulated and the facts are not checked. Here is part of the Rest of the Story:
I read the article on home appraisals in this mornings addition and was dismayed to see that the facts were not checked by the "Folsom Real Estate Broker" that wrote the letter. … (0 comments)
Once again the politicians and big banks have done a great job of selling the public a story for their own benefit. The story of saving the unsuspecting public by separating the appraiser from the pressuring broker seems to have been swallowed "hook, line and sinker" as seen in comments from "Joe Public" lashing out at "dishonest appraisers, agents and brokers" over "overvalued appraisals". As with many stories there is a little truth in a lot of the statements, however often twisted and unrecognizable from the original facts.
;)
;)
