Request for Permanent Reversal of HVCC
There is a major violation of our basic rights of owning a home that is causing us to lose value to our homes. I have ran across this recently. This is what happens when govt. gets involved with private business. If healthcare reform is anything close to what they already did to reform home appraisals please govt. do not try to help me.
There are new rules that have been put into place for appraising homes. The HVCC law placed a third party to assign appraisers, the old way the mortgage broker or the bank assigned the appraiser. Well with some of the fraud that has taken place they wanted to put a middle man to prevent any influence.
Well what has happened is that the third party or AMC are assigning the cheapest and inexperience appraisers to appraised the properties. You might say that the appraisers are cheaper so you will pay a cheaper price. Hell Naw!!!!!! The appraisals are more expensive and the AMC's are taking the difference. So you are saying how does this affect us?
Simple
* It is lowering the value of your house
* Increasing the cost for you to refinance or to buy a house
* Driving hard working honest appraisals out of business
This is like an episode of the Sopranos where Tony would extort money from a hardworking person and call it union dues, or protection.
Please my brothers please watch the video and sign the petition above!!!!!!!!!!!!
Thank You!!!!!!!!!!!!!!!!!!!!!!!!!!
Comment