Comments on: Home Valuation Code of Conduct (HVCC) Call To Action

By: Doug Francis

Doug Francis — Sat, 03 Oct 2009 13:59:22 +0000

Interesting video. I can’t believe the national impact that this regulation (not a law) has had across the country.

I recently met with sellers before even listing their home for sale who were scared to death that their home won’t appraise… even when I show them neighborhood comps. So I assured them that we have always had appraisal clauses, the comps could be found by a reasonably trained appraiser, but they are still on edge.

By: Jon Boyd Ann Arbor real estate Exclusive Buyer Agent

Jon Boyd Ann Arbor real estate Exclusive Buyer Agent — Thu, 23 Jul 2009 02:17:06 +0000

I’ve notice some stories in our Ann Arbor market about appraisal troubles but we haven’t had many problems yet.

I bet the HVCC is behind some of the issues.

Jon Boyd, Ann Arbor Real Estate Buyer’s Broker

By: real estate marketing

real estate marketing — Sat, 11 Jul 2009 05:58:34 +0000

The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they’re not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses.

By: manitowochomes

manitowochomes — Sun, 05 Jul 2009 23:07:57 +0000

I am outraged by HVCC. Deals are complicated enough to put together.

By: Richard Stabile Bergen County Real Estate

Richard Stabile Bergen County Real Estate — Mon, 29 Jun 2009 03:53:34 +0000

It is no wonder that laws are inacted and rules are changed that affect people who had no say in it formation. Attorney General Cuomo should have the courage to get this fixed. He meant well, but the system is not perfect. To make absolute rules llike this is obsurd.

By: HVCC is not working. 8000 Tax Credit Monetization in Arizona | Phoenix Area Real Estate Blog

Fri, 26 Jun 2009 14:17:59 +0000

[...] I have been looking and looking for someone who had something positive to say about the new HVCC rules, but so far I haven’t really found anyone in the business who says “it is working”. However, I have seen quite a few petitions being circulated to get HVCC overturned. [...]