Contact the JustNewListings.com Team for Northern Virginia/Washington DC real estate
If you have any questions or need more detailed information, please feel free to contact us at 703-624-3270 or fill out the form to let us know how we can help with your real estate needs. Being a very busy person---I must tell you email is best so I don't miss the message can paste it on my calendar.
1100 N Glebe Rd #1010,
Arlington, VA 22201
Phone: (703) 624-3270
Fax: (703) 224-8121
Wednesday, June 10th, 2009 at 11:09am.3795 Views, 41 Comments.
Buyers Pay More $$$ for Slower and Less Accurate Appraisals With New HVCC Rules and AMCs--DRAMA!
So the new HVCC (home valuation code of conduct) came out May 1, 2009 and have had a profoundly negative impact on consumers, appraisers--at the least the best, most established ones, real estate agents and sellers. yes you heard that correctly--sellers are being hurt by this overreaching by a federal bureaucrat Andrew Cuomo who himself received big $$$ from AMC (appraisal management company) interests.
Now most large lenders are being required to use AMC--appraisal management companies--to get appraisals done. The AMCs are a 3rd party--an extra layer of bureaucracy for consumers to pay for and wait for--through which lenders now order appraisals. …
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