What Do Pigs in Perfume Have in Common with FHA?
September 21st, 2009 categories: Real Estate News
How do FHA home buyers feel about paying more for home appraisals?
How do FHA home buyers feel about appraisals taking longer than their disclosure time period?
This is the way the government has of stepping in and protecting the home buyer. HVCC (Home Valuation Code of Conduct) has been a nightmare these past few months as an attempt to solve a problem with appraisals and streamlining them.
What the government did was create a bureaucratic mess creating a company known as AMC to distribute appraisals jobs. Of course, AMC isn’t doing this for FREE. They take a hefty cut and guess who pays for that cut?
You got it, the home buyer. There have been petitions signed by Consumers, Realtors and Lenders as well as Appraisers to stop government interference.
I will continue to sign the petition to reverse this incredible mistake and I hope you, as the consumer who has a lot to loose will too. I know it’s defeating to sign to let your voice be heard when no one seems to be listening but that seems to be our only choice.
So, I ask that you take the time to click and sign the HVCC petition to permanently reverse yet another government mistake.
The few who abused the system, need to be prosecuted, fined, have their licenses removed but not pass on this abuse to the home buyer and have them pay for it. Every time, we see the government get involved in Real Estate, it becomes a slow down of bureaucracy.
Do banks and the government belong in Real Estate? No, we can all see what happens when they do.
These past few months while living through the HVCC ruling many home buyers, real estate agents and lenders have had to deal with the fallout. After all the petitions signed to stop HVCC we now have a new pig in perfume who is adopting much of the same ruling, FHA.
Yes, there are many loans that have not been effected and unless and until one of yours is effected due to the HVCC ruling, it’s hard to relate. One of my home buyers was effected. Many others haven’t been but that doesn’t stop me from signing and disagreeing with the HVCC guideline.
Has anyone ever heard to prosecuting those your offend rather than throwing the baby out with the bath water?
Home buyers and Sellers alike should be damn mad and protest this. We do NOT need to boggle down the system, we do NOT need to have home buyers pay for others mistakes and we don’t need government to create yet another time consuming bureaucracy for real estate all in the name of protecting the home buyer.
There is a simple solution if the REAL goal is to protect the home buyer…go after the people who cheat, lie and abuse the system…prosecute, fine and remove licenses!
Do YOU want government interference?
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