What Will It Take?
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What is it going to take for every appraiser to comment on Town Hall concerning the proposed Guidance Document on hybrid appraisals? Even if you have no intentions of ever completing a hybrid appraisal, it is important for you to place a comment on Town Hall concerning the document and these questionable products. If appraisers are not willing to step up and take a stand against actions that are contributing to the next housing crash, who will?
If you have seen any of the samples floating around on the blogs and forums, you realize very quickly, these products are not credible and the fees associated with them are well below what is reasonable for the liability of the appraiser. It is time to take a stand, not only for consumer protection, but for the profession that provides for your family. The next housing crash will be a result of actions like this and honestly, we have never fully recovered from the last one.
What is it going to take for appraisers to step up?
The comment period ends tomorrow, June 26, 2019. Don’t wait, click here to comment now! Comments are welcome from those not in Virginia as well!