In the last few years it seems society has gone house-flipping mad. Every time I turn on the TV there is yet another show illustrating the ease in which anyone with a heartbeat can make a fortune buying a beat-up house and turning it into a beautiful modern-day wonder.
Often at the end of these shows [...]
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Will Appraisers Stunt the Housing Recovery?
by Justin Pierce | September 20, 2009Home Valuation Code of Conduct – HVCC
After the scapegoats were identified the legislation followed. One prime piece of legislation aimed at appraisers was the Home Valuation Code of Conduct (PDF). The intent of the HVCC was to achieve more appraiser independence to reduce the amount of pressure placed on appraisers by lenders and Realtors. Well, if their had once been undue pressure on appraisers to inflate values it now pails in comparison to looming threat hanging over appraisers and it’s compelling them to keep prices down.