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Have you heard of HVCC? Well, if you haven’t, where have you been?

HVCC is the Home Valuation Code of Conduct. It went into effect May 1, 2009. Many have their opinions on the effect HVCC will have on our industry and I haven’t learned enough about it at this time to form a valuable opinion however, check out the link to Freddie Mac’s page about it and decide for yourself.

http://www.freddiemac.com/singlefamily/home_valuation.html

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Comment by CJ Oliver on June 30, 2009 at 7:08pm
I know it is the biggest pain in the patootie that ever graced the RE industry. 6 closings scheduled today. 1 for 6. Why? HVCC. Not a fan and not good for anyones business. Appraisers need standards - I am the biggest proponent of that you will find. Right now though, there isn't a single product that is on time and correct. Major expense for everyone. Sometimes you do need additional regulation, like maybe enforcing the rules to begin with. There's gotta be a better way.
Comment by Nedy Blanchard on June 29, 2009 at 8:56pm
All this time I thought the government was getting into air ventilation systems for the REO industry. LOL...j/k

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