Comments on: There’s a New Cancer on the Block Called HVCC. It Might Kill Your Home Value http://newjerseymortgageblog.com/theres-a-new-cancer-on-the-block-called-hvcc-it-might-kill-your-home-value ... Keeping New Jersey Consumers and Mortgage Borrowers in the Loop ...... Mortgages, Refinancing, Credit & More... Thu, 17 Nov 2011 23:43:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Carol Lloyd http://newjerseymortgageblog.com/theres-a-new-cancer-on-the-block-called-hvcc-it-might-kill-your-home-value/comment-page-1#comment-36 Carol Lloyd Thu, 28 May 2009 03:15:07 +0000 http://newjerseymortgageblog.com/?p=331#comment-36 HVCC. It's alive and well. Definitely causing a slight delay in turnaround times. HVCC. It’s alive and well. Definitely causing a slight delay in turnaround times.

]]> By: Carol http://newjerseymortgageblog.com/theres-a-new-cancer-on-the-block-called-hvcc-it-might-kill-your-home-value/comment-page-1#comment-33 Carol Tue, 26 May 2009 19:51:46 +0000 http://newjerseymortgageblog.com/?p=331#comment-33 Interesting article: http://www.denverpost.com/business/ci_12433681 Interesting article: http://www.denverpost.com/business/ci_12433681

]]> By: Carol Lloyd http://newjerseymortgageblog.com/theres-a-new-cancer-on-the-block-called-hvcc-it-might-kill-your-home-value/comment-page-1#comment-9 Carol Lloyd Sun, 17 May 2009 01:23:04 +0000 http://newjerseymortgageblog.com/?p=331#comment-9 I agree. The intent was good. I believe though the implementation is flawed. Ethical people in the business will agree that any intent to sway appraisers opinion of value is not good. Many homeowners are in desperate straits now due to previous over-valuations. My post was more global in nature. I am not concerned about this for me or my office at all. As correspondent lenders, the impact is minimal for us. But I have spoken to a few appraisers who will be seriously affected. They will lose quite a bit of income due to the inclusion of a new middleman. Though the middleman is purely in an administrative role, they will take in tidy sums for their work. Then there's the homeowner who will pay a higher price for the appraisal. The program has good intentions. Let's see how it pans out. Should be interesting. Have a great summer........Carol I love the name of your site. Very creative. I agree. The intent was good. I believe though the implementation is flawed. Ethical people in the business will agree that any intent to sway appraisers opinion of value is not good. Many homeowners are in desperate straits now due to previous over-valuations.

My post was more global in nature. I am not concerned about this for me or my office at all. As correspondent lenders, the impact is minimal for us. But I have spoken to a few appraisers who will be seriously affected. They will lose quite a bit of income due to the inclusion of a new middleman. Though the middleman is purely in an administrative role, they will take in tidy sums for their work. Then there’s the homeowner who will pay a higher price for the appraisal.

The program has good intentions. Let’s see how it pans out. Should be interesting.

Have a great summer……..Carol

I love the name of your site. Very creative.

]]> By: Peakay http://newjerseymortgageblog.com/theres-a-new-cancer-on-the-block-called-hvcc-it-might-kill-your-home-value/comment-page-1#comment-8 Peakay Sat, 16 May 2009 17:33:48 +0000 http://newjerseymortgageblog.com/?p=331#comment-8 The intent is good one....Appriasers should not be in position to be preesured by loan officer. The professional way to do is to provide comps for the property your client is interested in. If you do not have an access to MLS, then perhaps you can get it from realtor of your choice. This works for me. Just an idea. The intent is good one….Appriasers should not be in position to be preesured by loan officer. The professional way to do is to provide comps for the property your client is interested in. If you do not have an access to MLS, then perhaps you can get it from realtor of your choice. This works for me.
Just an idea.

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