Home Valuation Code of Conduct

By
Services for Real Estate Pros with Scanlon Signing Services

HOME VALUATION CODE OF CONDUCT

 

    This new code took effect May 1, 2009. It was drafted by the office of Andrew Cuomo New York attorney general. The critics of the HVCC including the National Assoc. of Realtors are gearing up for a fight in congress, requesting an 18 month moratorium.     

This new code is linked to raising appraisal costs to consumers, use of inexperienced appraisers who are not familiar with specific neighborhoods, delays in closings or cancelled sales. The intent of this code was good but the cost of appraisals has increased and the quality has dropped.   I will keep you updated on this issue.  

 

Sincerely,

Lisa Scanlon, CSA

www.ScanlonSigningServices.com

941-447-7130

follow us on twitter

Comments (1)

Terry Lynch
LAR Notary and Closing Services - Saint Clair Shores, MI

This is another example of good government intentions gone bad. The problems will certainly outweigh the good.

Sep 14, 2009 04:48 PM