The Shady Truth About HVCC Comes Out
HVCC…the shady truth
We all got gut punched by Andrew Cuomo’s HVCC, the most of which were the appraisers.
Well now the shady truth about it’s conception is here.
HVCC. We all remember it. Basically is was a total drag. Unless you owned a huge AMC that is. Which by the way virtually all the banks did. It was totally counter productive to the industry and real nuclear bomb to our collective equity as a nation.
Well as it turns out, one of Cuomo’s buddies actually got the ball rolling on it as long as he and his company got total immunity. Which they did. Then he helped Cuomo structure it all so the bank clients he represented made out like champs by forming their massive AMC’s. Yeah, that’s basically it. So the whole thing was a big good-ol-boy love fest that continues to create problems with appraisals today. So tune in below for more insight.