Tag Archives: Consumers

Questions Will be Asked….

  HB 3619 has been referred to the House Financial Services Committee VaCAP has learned over the weekend that HB 3619 has been introduced in the US House of Representatives. HB 3619, Short titled “Appraisal Reform Act of 2019”  amends the Financial Institutions Reform, Recovery and Enforcement Act. The main change to  FIRREA  deals with… Read More »

Bounced Checks

VaCAP has learned that another AMC might be having financial difficulties. There are conversations currently taking place in two appraiser groups on Facebook. The discussions are in 100% Real Estate Appraisers and Appraisal Client Search and revolve around a bounced check from an appraisal management company.  The comments are varied and some are stating they… Read More »

Freedoms

Most Americans associate July 4th with fireworks, barbecues and vacations.  Sure, we all know July 4th is about freedom and independence, but is that the first thing that comes to mind when someone says July 4th?  Since the Declaration of Independence was signed 243 years ago, the United States has grown, not only in population,… Read More »

Breaking News: Moratorium Requested

VaCAP has learned the US House Financial Services Committee has concerns over  Cryptocurrency and has requested a moratorium of Facebook until regulators and Congress have an opportunity to examine the issues and take action to protect consumers. “Because Facebook is already in the hands of over a quarter of the world’s population, it is imperative… Read More »

VaCAP Submits Opposition Comment on the North Dakota Waiver Request

The Virginia Coalition of Appraiser Professionals has submitted an official comment to the ASC opposing the State wide appraisal waiver request in North Dakota.  VaCAP has submitted a public comment expressing concerns over the much larger consequences in allowing such a request.  A blanket waiver of appraisals up to $500,000 for a 5 year period… Read More »

Will This be the Next Housing Bubble?

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… Read More »

What Are You Waiting For?

Only a few days left to post your comments concerning the hybrid appraisal document on Town Hall. VaCAP can not express enough the importance for each appraiser to voice their opinions.  This is our profession and each of us, individually and collectively, are the best ones to advocate for the profession. If you will not… Read More »

VaCAP and The Network of State Appraisal Organizations Speak Out

VaCAP and 27 other State Appraisal Organizations  reached out to the House Finance Services Committee concerning the upcoming Subcommittee meeting entitled  “What’s Your Home Worth,? A Review of the Appraisal Industry” on June 20th.  The Network stresses the most qualified to testify on the appraisal profession is an appraiser. The letter also outlines some of… Read More »

You’ve Been Challenged!

Who is Up to the Task? Each day we are encountering agents and broker who are unaware of hybrid appraisals. We need to educate them on these products and the risks associated with them. VaCAP is officially challenging you. For the next 10 days, we challenge you to educate 1 person per day about hybrid… Read More »