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The Quick Green Blog - An Appraiser View

Communicating with Appraisers
December 23rd, 2009 2:34 PM

Appraisers have encountered difficulty under new rules introduced since the mortgage meltdown.  The Housing Valuation Code of Conduct (HVCC) now restricts direct communication between appraisers and lenders/processors.  This has led to the creation of third-party intermediaries that manage the information flow.  This is intended to eliminate undue influence, but often inhibits necessary communication.

Particularly for green properties, where there is a need for clear communication of features and detailed specifications, this can create a problematic situation.  But fear not, there is NO RESTRICTION on my being able to obtain information from the other parties (builder, realtor, seller) - only the lender!  So it becomes really important that I know who will have the details I will need to conduct a truly informed inspection. 

Many people have pointed out that much of the real value of a green home is "invisible" - but not intangible.  Having the right resources at hand is critical to achieving the proper value.  As I have pointed out before, we have a real need to standardize how this information can be captured, recorded, and transferred.  But in the meantime, I am more than happy to talk to you (unless you're the lender!)

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Posted by KARIN ARGERIS on December 23rd, 2009 2:34 PMPost a Comment

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