The House Financial Services Committee has passed a new bill to remove the new appraisal rules/code of conduct and once again allow the mortgage bankers and brokers to order appraisals directly from the appraiser, select the appraisers we know and trust and be able to communicate with them freely. This is a huge step, as HVCC has been a large part of the continuing decline in market values and failed sales. This will be voted on by the House and Senate soon and we anticipate it being passed!
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