Appraisal Articles

-The HVCC was discussed. It was proposed and encouraged (by NCAR) to the NCAB to take an official position on the HVCC. Rep. Travis Childers from MS and Rep. Gary Miller from CA have recently proposed, in the U.S. House, HR-3044, an 18 month moratorium on the HVCC. It is a simple two line bill/amendment. It has bi-partisan support with presently, 54 co-sponsors. The NCAB voted unanimously to take an official position of supporting the 18 month HVCC moratorium.

I am glad that the NCAB has the wherewithal to release an ‘official position’.

Many may think I am too outspoken on this issue. But it is my opinion that HVCC will be the death knell of the appraisal profession in its current format; HVCC seeks to turn appraisers into “rubber stampers” and will inevitably eliminate the independent fee appraiser. All appraisers will be forced to sign on with AMCs for cut rate fees and crappy rules. And we can’t even count on NC legislature to help since they changed the AMC legislation to take effect in 2012. If any of us are left by 2012, we will be so numbed down as to not care whether or not the legislation will be in place or not.