How long until HVCC goes away best case scenario?

[TC]

After 25 years I actually became close friends with many of my clients, Laker & Kings games, barbecues, Christmas gifts, date nights, etc..... Since the beginning of time building good relationships was good business, but somehow it became the forbidden fruit, and the free market disappeared. I'm still trying to wrap my head around this, because I am still very close friends with my accountant who has a very similar dilemma with many of his clients who are unscrupulous, not all but some, and he has to set them straight or tell them to hit the road..... Wouldn't this fall under the same criteria??? Every profession has bad players, so is it my fault the State Boards don't enforce the law?

It's funny, I was talking with my accountant yesterday about the same thing. He gets his biz from building good relationships and being honest. He can't believe that the govt could actually tell lenders who to use. He thought it was un-American, can't argue with that.

 

[Tim Hicks (Texas)]

He probably doesn't do his accounting in all CAPS.

 

[Intapp]

Maybe I am missing the thread but for someone like myself the HVCC has destoyed my own company that 3 years ago had 10 Cerfified appraiser working for me exclusivley. They all were well paid and really never talked to me about going out on there own. Also the majority of them I had trained from the beginning so there was loyalty to not only myself but for the clients we worked with. Then comes Spring of 2009. I had done my best due diligence to avoid a meltdown and have everyone approved by what I believed to be the leading AMC's. Long behold loyalty is out the window as my appraisers who were indivually approved by the AMC's via my company realized that all they had to do was call the AMC's and have there jobs routed to there own Web Sites for orders. To top it off then they were using my setup's for reserch via my servers for all there information as I presume they really did not understand startup fees. Even now after safe guards have been put in place some still try to hack in. I always find it funny when doing reviews that so many appraisers use "subject to survey" for lot dimensions at least in a local county were Im located that is not Web based for such info. The reason, THEY CAN'T AFFORD THE TAX MAPS AT A FEW THOUSAND A YEAR which I have had for 20 years. Back when I began, homes in places like the "Hamptons" the houses did not have numbers, they had house names like "what ever by the sea" so the only way to find a home was by a Tax Map. It was like American Express "Don't leave home without it". And for that matter as I had two sets of Maps and it was amazing that come May/June these Books were missing and no had taken them recently. Well as stated most of the appraisers who worked for me have there own shops now and do not have the overhead that I have so they can undercut fee's (although we just know that the AMC's don't order based on there profit margin) subsequently getting more orders. Maybe I should have not started getting into appraisal forum, it seems like a place I go to vent.

 

[LI-Appr]

Bloody duck has been drinking beer at 8 euros a glass. He may be a Lord but he's penniless and I have to foot the bill.

More Ducks

 

[rwincz]

I agree with you 100%. My situation is very similar to yours. I almost fell of my chair when I read some one say that the HVCC was the best thing that ever happened to him. I guess working twice as much for half the money sound good to him. I also had a 10 appraiser shop and we all made good money. We did this by being honest, hitting the pavement weekly getting new clients and promoted ourselves thru our skills. Eight of my appraisers had to change professions to survive. Just me and the wife are left. OUR BUSINESS IS RUINED. YES THE GUY DOWN THE STREET THAT HAD HIS LICENSE FOR LESS THAN 30 MINUTES IS GETTING MORE WORK THAN US. Hell appraisers cant even collect money for there services any more. There is no such thing as an appraiser having his own business. Management companies now control how much money we make and also control how they want reports written. ( I think my appraisals are being reveiwed by the same guy that just got his license 10 minutes ago.) It slays me to see the top 6 management companies making millions and millions and millions of OUR hard earned dollars while appraisers can barely pay their electric bills.

I THINK THAT APPRAISERS SHOULD GET TOGETHER AND ALL STRIKE AND BRING DOWN THE MANAGEMENT COMPANIES AND THE FINANCIAL INSTITUTES. OF COURSE THIS WILL NEVER HAPPEN. APPRAISERS APPEAR NOT TO HAVE ANY BALLS. OR I SHOULD SAY MANAGEMENT COMPANIES ALREADY HAVE THEM BY THE BALLS.

 

[LI-Appr]

If everyone just said no to RELS. There would be no RELS.

 

[Chayes]

Check this out, I hate this junk

FHFA: Adoption of HVCC Provisions Means Spirit of Code is Here to Stay

While the Home Valuation Code of Conduct may be unpopular, the major changes it created were already in motion when the HVCC took effect and will continue even when it expires in November 2010. That's what Federal Housing Finance Agency General Counsel Alfred Pollard told approximately 300 attendees at Valuation Expo 2009, held Nov. 10-11 in New Orleans. Pollard said the fact that the Federal Housing Administration and other agencies have adopted certain provisions in the agreement between the government-sponsored agencies Fannie Mae and Freddie Mac and New York State Attorney General Andrew Cuomo means regardless of what happens with the HVCC, those guidelines will still be applicable.

 

[Intapp]

In regards to a strike, I had suggested such a thing on HVCCPETITION back in July I believe. Think about it, if just 50% of the appraisers (and I think they would be in my book at least the good ones) who have not been in business for "10 minutes" went out even for a week or two, call it what you want. Or even better yet we all had to go for Continuing Ed . It would devasate the lending institutions, secondary market traders, ect. Unfortunately I don't know if I could do it as it would hurt the consumer in the long run. Not to mention I would think Cuomo might try to sue all the appraisers.

 

[Mr Rex]

Youse guys crack me up with the "Strike" BS and the "Union" BS. The powers that be are trying to get rid of appraisers as it is. Go on strike and let them prove that they don't really need us. From the few reviews I do, there is alot of money wasted on appraisals that are worthless unless recycled into toilet paper. Hard to take and accept I know, but the truth. Some folks need a prescription for "Clarity" the pill for those not in a state of denial or wishful thinking. Get over yourself delusion, they don't want us, and only barely need us. The market didn't get this F'd up without us, so as the old saying goes, when you point, there are at least 3 fingers pointing back atcha.

 

[Tim Hicks (Texas)]

If everyone just said no to RELS. There would be no RELS.

I said no to RELS and Landsafe years ago. What you "head in the sand" appraisers fail to realize that for every one of you that says "no," they have 10-20 that say "yes."

So, wishful thinking will get you nowhere in this world...but surely you realize that closing your eyes and looking the other way does nothing by now?