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Clulessdad: (November 17, 2009 8:19am)

Does anyone have Frank/Brian's cell number? I just got a meeting scheduled with Rep Miller's office and "the boys" and need to contact them directly. I keep trying to call TBWS and all I get is voicemail

Kris Anderson: (November 17, 2009 5:16am)

Alison at Stearns Lending says 4 out of 5 loans that need to go to an MI company for approval are decined. The main reason is the appraisal!

brian & frank tbws: (November 16, 2009 10:13pm)

thanks guys. 1010 pst at sfo taking the red eye to ny right now. were leaving 11 pst arriving 8 et. We looking forward to helping make a difference in our biz & look forward to meeting you folks.

App: (November 16, 2009 8:00pm)

Now Frank and Dodd want more regulation when the regulations that are already in place, if they were enforced, would have been enough. Do they really expect us to believe that more regulation will fix things? They all need to be voted out. Too big to fail means, like Ma Bell, they need to be broken up and regulations already in place need to be enforced - funding enforcement would be a hellava lot cheaper than some new trillion dollar agency whose goal is to keep the too big to fail alive and whole - bottom line, they're backstopped, hmm what does that mean - QE. Good luck !!! I hope Cuomo's there lol, he'll duck and hide I'm sure.

BIG AL: (November 16, 2009 7:52pm)

Good Luck Guys! I'm praying for you to make a difference and knock some sense in the people that govern for the people. Go and Never Stop! You are the voice of many. I hope you feel the power of thought, cuz we're with you dude's.

App: (November 16, 2009 7:49pm)

It's punishment of all for the sins of the few -and those few are being rewarded in some wacked out justice. I know justice is supposed to be blind but deaf and dumb too? We need to go back to the REAL golden rule.

sus: (November 16, 2009 7:06pm)

Frank & Brian I just want to say a BIG THANKS for all your work on the HVCC issue. I cannot not afford to go to NY to see you deliver OUR message. Maybe our next step can be a Video delivered to each member of our well "Informed Representatives" in Washington, our State Governors, representatives, youtube & the national news outlets - of just how HVCC really came to be & how costly is has been to the consumers & all us Small Business Appraisers, LO, Brokers, & Realtors IF we all donated $20.00 + to the cause - I'm sure TBWS could produce a FANTASTIC Documentry Viedo - that would really get some attention. Again Thanks for all your hard work.

Lender / Realtor: (November 16, 2009 6:55pm)

For many years, appraisers had to live by a code of standards that included giving a non-bias opinion of value for a fee. If you didn't know what you were doing; If you had a reputation for blowing up values by using fraudulent approaches (such as ignoring sales and getting sales from other neighborhoods), eventually you would be on every lenders "black" list which meant your appraisals were no good anyway; If you provided appraisals that were cookie cutter, this is all we get from AMC's b/c appraiser have to double their production to make a living); If you did any of the above, I never used you. If you provided a thorough appraisal and showed knowledge of the market, then I used you. The bottom line w/Cuomo & the Fannie/Freddie decision to adopt HVCC is that it does not provide the best product for consumers. Cuomo wanted to test a blanket solution. That solution has failed.

Ezradams: (November 16, 2009 6:00pm)

Dan....you do have a lot to say! (All correct, by the way.) I need to know, are you in the NJ area? If so, we should talk. Even if you're not, maybe you'd be interested in organizing appraisers in your area. We've been successful in New Jersey and could use additional states to follow suit. dan@appraising.biz

Dan: (November 16, 2009 5:48pm)

Yes app....It would be a lot harder sale to the lender than it is right now...now it goes like this....salesman lays out all benefits on the table and the banker says "how much" and the AMC salesman says with a sh&%*( eating grin "nothing buddy...we charge the appraisers and consumers for this service to you if you let us, just sign here". The banker says "damn, that's a no brainer...where do I sign up for that?" I would love to see them all get the capitalist squeeze that occurs in real markets, natural markets that is...ones unincumbered by rampant anti-trust behaviour and price fixing and collusion. So long as we NEVER shut up about it, it will eventually get fixed...I think many of the AMC bills that are getting passed this year are the setup for the slam dunk on them later...gotta get them under a jurisdiction first....preferrably under the jurisdiction of a bunch of appraisers sitting on state appraiser boards, who are by the way appraisers. Their heyday is now & soon gone.

App: (November 16, 2009 5:42pm)

I liken what's happening to us to a bunch of simpletons opening up a management company for rocket scientists. Lets have the retards run the show! The retards deserve a right to make a living as much as anybody else! Right??!! LOL!!! I may be a little extreme in my example but stretching the analogy shows the idiotic basis for Cuomo's "genius" lol. Forget it Dan, RESPA rules have been recently changed that allow mixing of fees. I don't have a link, sorry, but I think it's on the HUD website. Wonderful how they make new rules to support the banksters ehhh? As far as $60, I'd say they should have to compete with anybody with a phone and get that fee down to a realistic $5 tops.

Dan: (November 16, 2009 5:37pm)

Oh and one more thing...the AMC fee and the Appraisal fee need to be separated on the HUD-1 settlement statement so that consumers are not deceived....and so that AMC's can't hide their daily acts of theft....I'm shocked that this wasn't an immediate violation of RESPA...which leads me to believe that half the laws out there are not being enforced in the least. They should have caught that one on the very first occurrence of the blending of an appraisal fee and an AMC fee. The funniest thing of all is that until the AMC's are forced into only being able to charge the lender for their services, we will not truly know what the value of their service is. I think it's worth only about $60 if the AMC's had to compete against each other on a service provided for fee basis like the rest of the capitalist world without having the ability to subsidize their profits from every party in the lending transaction just because we allow them to be in the middle. National COD day is the answer.

ILL Appraiser: (November 16, 2009 5:26pm)

Dan - Couldn't agree more about the borrower being the client. Right on post at 4:22.

Dan: (November 16, 2009 5:25pm)

I also think that the sooner the brokering of any professional service and collection of the fees associated with that professional service are banned by a federal court the better. So, the sooner we get that day in court the better and along that thought line, we could press the issue to the table faster if we all were to open up medical, accounting, and legal practice management companies in every state tomorrow. It appears to me that instead of going to school to earn the right to quote, earn, and collect a professional fee, you can just add the word "management company" to the end of whatever profession you want to go into. So it is the whole concept of brokering any professional service and the actual collection of the fee from consumer that is wrong. When AMC's want me to do a gulf front property for $260 when I used to charge $550 for it 10 years ago, I just laugh at them. Its like they stole my bike from my garage and are trying to sell it to me the next morning.

App: (November 16, 2009 4:57pm)

Cease and desist orders should be put on every amc today! for their illegal activities. I hope they get busted by the IRS or some entity and have to pay back every cent of their ill-gotten gains to every appraiser they shorted. They shouldn't be allowed to profit illegally and at our expense, our being the consumer and the appraiser and all the collateral damage done to related industries including brokers and realtors. amc dominance is born of fraud, they're illegally empowered and are a disease to everything they touch. Collateral damage alone to the industry must be in the billions. I guess you can tell I see no valid reason for their useless existance. Dan - good post at 4:22. 100% agree

e-homeappraiser: (November 16, 2009 4:38pm)

ALL AMC's should be BANNED (immediately) and the HVCC VOIDED. Both are a hinderance to appraisers. Enough Said!

Dan: (November 16, 2009 4:29pm)

Another thing is that AMC's say "we send you a bunch of orders and therefore we should get a discount". I say horsepucky. Do the math. With a few new AMC's sprouting up daily...I will soon be on over 1000 AMC lists to stay in business...1000 proprietary websites...1000 usernames and passwords....1000 product protocols...and definitely a diluted number of orders per month from each AMC...as it is now...before everyone and their brother opens an AMC....I only get 2 or three orders from some of my best AMC's ...(I have to laugh at that sentence also), which to me deserves NO DISCOUNT AT ALL. The AMC business model is downright unethical and immoral. Why do they continue to make money in this industry...simply stated..for the same reason as a dog licks his balls....because he can...and often....until we cut them out of the ability to collect appraisal fees and do whatever else they can to make money we are doomed. Who collects the fee and value pressure are not cause and effect ideas.

Dan: (November 16, 2009 4:22pm)

As far as homeowners bloating about their homes and stretching the value....I have to say...I hear it all the time...in one ear and out the other it goes....they have no LEVERAGE over me as an appraiser, no promise of future work, no problem paying me in a couple of months because I like to collect it then at the door...I don't think homeowners are capable of applying value pressure except to the most unethical and wimpy appraisers out there...pressure from the homeowner is expected. I have never been one to fall for pressure from lenders either...it is what it is...the data does not lie. The rules of appraising are actually pretty hard to bend when you have a set of parameters for making adjustments....it kind of makes stretching a value stick out like a sore thumb....to me at least when reviewing other's work...I like(d) having my license enough to never do anything I couldn't justify to all persons in front of a court of law and that is how I keep from being influenced.

Ezradams: (November 16, 2009 4:20pm)

Dan, Well said!

Dan: (November 16, 2009 4:17pm)

Appraiser661 I'm a certified general appraiser, realtor and home inspector and have been doing this for over 7 years. To clarify, I don't think AMC's offer one single service to appraisers and therefore I believe they should not be entitled to ANY of the appraisal fee that I work out with the homeowner. They should not have a say in the turntime, the fee, the content of the report, or the payment terms that I work out with the homeowner. They should ONLY be able to charge the lender, their client, for the services they provide to them and they should not be able to charge homeowners and appraisers for services they provide to their lender/client. Now their margins are subsidized by this unfair situation. They are double dipping. If anything I would like to charge AMC's more than my normal rate just to listen to them whine and so I would be able to pay an employee of mine to update 400 AMC's with my license and insurance. Appraisers are NOT clients of AMC's.

App: (November 16, 2009 3:56pm)

Appraiser661 : The homeowners in this area know what their homes are worth, seriously. There's free mls on-line and I've found that homeonwers are realistic about values. They have no excuse not to be (unless their last appraisal was some skippy that got them too much). They just need to be educated that we are federally protected entities and educate them on their legal role in the transaction. Is the appraisal for a bank loan or for their own private purposes? Is it for a legal reason like divorce or death? They know these things and can direct the SOW as well as anybody. Look with the homeowner now getting the appraisal 3 days before closing, there are going to be lawsuits. Add in the duty of care thing that states are adopting that includes the homeowner as being an intended user and hey, making the homeowner the client won't bring any more lawsuits than there already are. I've got absolutely no problem with COD or letting my local reputation be my calling card. HO=client YES!

App: (November 16, 2009 3:47pm)

When you go out to dinner tell them you're a restaurant amc and that you'll have the lobster and steak and tell them that it will only cost $10 as that is all you'll pay for it. Also, be sure to mention that there will be no tip. Think you'll get served, or tossed? lol. This is not capitalism.

Appraiser661: (November 16, 2009 3:42pm)

@ Dan...I work in a market where homeowners are non existant. 99% of our work here are vacant REO properties..So there is no one to talk to except the Realtors (and you seriously think its ok to ask a Relator or homeowner their very biased opinion of how complex an appraisal should be) A homeowner is going to tell you everything is more than perfect in their home and how everyone in their neighborhood is envious!!...Also... Are you saying that AMCs deserve a penny for your efforts..Why shouldnt the bank, the broker, or the loan officer call you direct?? Why shouldnt you keep 100% of those fees?? Are you familiar with how all this started?? And are you a new appraiser????

Dan: (November 16, 2009 3:36pm)

This whole concept of everybody and their brother brokering appraisals and making money on the backs of hard working appraisers has to end ASAP. Appraisers are slaves thanks to Cuomo's brilliant mind and by the way, we get poorer every year because when is the last time an appraiser got a letter from an AMC saying that they were going to give them a raise based on the CPI? National COD day.

Dan: (November 16, 2009 3:36pm)

Pick a date and I will commit to that...is that price fixing to set the terms under which all appraisers will work? I doubt it...we hold the licenses and yet we are being choked like a chicken and allowed to have 60% of our normal fee? What is the world coming to? The current situation is about as fair as me going out to dinner with my girl and then charging Brian and Frank for it even though they didn't receive any food. To put it in perspective, how do you think Attorney Management Companies would work out? Where people who had not passed the BAR exam were able to collect fees for legal advice without ever having to go through law school. Becoming a good appraiser takes as long as going to lawschool and I believe that the only persons that should be setting, quoting, or collecting appraisal fees are the actual appraisers doing the work...period.

Dan: (November 16, 2009 3:34pm)

AMC’s will never give appraisers a raise. They need to charge only their clients the lenders for the services they provide to lenders and stay out of the fee collection business. Until they are removed from quoting fees, and the other items above, we are doomed to be poor and to receive orders for beach front properties where the AMC wants you to do it for the flat fee and flat turnaround time. How is the AMC determining the scope of work anyway? How that ties in with the fee?? Whatever the case, until the AMC's are removed from the fee collection end and forced to charge only their clients rather than also being able to charge those appraisers who manufacture the product that they sell unfairly, this industry is not going to be right. I'm telling you that for all the appraisers to have a national COD day, where after a certain day we all only accept COD for an amount we set after talking to the homeowner about the property in detail, would put all the AMC's in their places.

Dan: (November 16, 2009 3:14pm)

Here is the solution in a nutshell: Cut the AMC's out being able to collect the appraisal fee. They provide services to lenders, not appraisers, matter of fact, for all the extra work AMC's cause me to undergo to work for them, I would like to charge the AMC's an extra fee. Bottom line is that the job needs to be funnelled through an AMC and then the appraiser needs to talk to the homeowner about the complexities of the property and from that develop a scope of work, turn time, fee quote and payment terms (COD usually). The AMC needs to float along with what the appraiser says and not promise turn times or anything else that they personally cannot deliver. The AMC needs to charge the lender $80 or whatever they can get out of them, which I imagine will not be much. Getting paid by the homeowner directly has never been determined to be a cause of value pressure, therefore who decided to allow all the industry's cash flows to go through AMC's as a bonus?

James the Appraiser: (November 16, 2009 2:51pm)

St Pauly Girl - the prior sale was more than 36 months ago, the bank took the property back and is now selling it, so the prior sale should have no effect on the sale today

App: (November 16, 2009 2:47pm)

50 boxes of signatures Brian? That's going to look impressive.... to anybody. It's awesome what you guys are doing, really. Are you guys going to broadcast your show on location there? Or will we have a couple days of a blank screen here? Please keep us updated on the schedule. We ALL want to be tuned in! Thanks

Shocked in NC: (November 16, 2009 2:43pm)

SoCalAppr8serGoneRealtor, I don't think your confused a bit...You keep answering my own point. "if I see a problem where an opportunity arises, should I not go that route because this group is stero-typed as unethical and ignorant?" Opportunity, yes! But the opportunity wouldn't be there if realtors were actualy worth their pay. Few are, the overwhelming majority aren't. My point using your words: Frank has joined a group that is known as unethical and ignorant. Frank becoming a realtor is more dissapointing than anything. I look at him as a "hero/pioneer" of the mortgage industry, not a some great realtor resource... As for my wife...she works with them and she'll be the first to say they're idiots. I have worked as an originator for 11 years, and most other originators I have worked, were idiots too. I have to say I am truely one of the best, but try explaining that to a realtor, that wants cash in hand, illegal co-marketing money or gets a kick back for using the inhouse guy.

St Pauly Girl: (November 16, 2009 2:20pm)

Frank@TBWS- Congrats & best of luck in the new venture. I'm sure you'll bring a depth of experience that will help your buyers have terrific home purchase. You'll definitely know who to recommend for their financing.

St Pauly Girl: (November 16, 2009 2:18pm)

@James the Appraiser. Not knowing the loan type makes it difficult to answer; but FHA doesn't allow new resale within 90 days from the last sale (some exceptions apply- i.e. inheritance, HUD sales); AND resales occuring between 91 & 180 days require an additional appraisal if the new sales price exceeds the previous by 100% or more (FHA requires additional documentaion validating the value). Resales from 91days -1yr...FHA reserves the right to require additional validation of valuation (i.e. another appraisal). Hope this helps.

James the Appraiser: (November 16, 2009 2:14pm)

Underwriter or Brokers, can you tell me what they are looking for? Don't use your real name if you don't want to. ok, question to all you underwriters and brokers about the transfer amount that I was asked to get below. I have the document now and here is my question - Does the underwriter want to see "the amount of the unpaid debt together with cost" or "the amount paid by the grantee at the trustee sale". It does not have any effect on the sale today.

brian tbws: (November 16, 2009 2:07pm)

Joe Cool & anonymous we're taking a redeye & will be in tomorrow. We'll post our location & look forward to your help & hospitality. Thanks

James the Appraiser: (November 16, 2009 1:59pm)

ok, question to all you underwriters and brokers about the transfer amount that I was asked to get below. I have the document now and here is my question - Does the underwriter want to see "the amount of the unpaid debt together with cost" or "the amount paid by the grantee at the trustee sale". It does not have any effect on the sale today.

St Pauly Girl: (November 16, 2009 1:51pm)

@realrose. Wow! You really don't have an understanding of real estate or lending/brokering to make the statements you made. Do you know the liability position? Does an appraiser risk having to buy back the entire loan for a mistake? Loss of license is the smallest penalty faced by brokers. With the depth, risk, and expense of liability position; you bet the cost for the service is more than $300-$500! I get your point, that there are unscrupulous & unprofessional people in the real estate industry- I agree with that. But there are also some experienced experts that as a consumer I would chose to pay a reasonable fee (1% lender/broker fee and/or 6%-7% real estate commission) to for the knowledge and protection that expert brings to my home sale/purchase. I have paid for those services as a buyer & a seller of home to have a seasoned real estate expert negotiate on my behalf. I actually believe the lender/broker fee should be higher for the risk position.

Anonymous: (November 16, 2009 1:45pm)

13:44 jihappraiser: Hopefully the presentation of the petition will help, I know personally, I have gotten at least 200 signatures. I have been put out of business after 24 years and am praying this works.....as far as underwriters, the best story I have so far was one that contacted the a few weeks ago asking me to revisit the property. I had turned my camera sideways to get a more full and better picture of a bathroom from the doorway. They said the photos were to hard to see and wanted me to go out a retake them. I kindly suggested they print out the photos and turn the page sideways.....didnt hear back from them....

SoCalAppr8serGoneRealtor: (November 16, 2009 1:39pm)

@ James...Sorry wish I could feel bad for you...like I said, I'd love to even have complainers calling me at this point...and not have any left over time for anything else..so I'm studying for Brokers Lic. instead!

James the Appraiser: (November 16, 2009 1:25pm)

SoCalAppr8serGoneRealtor - Yes, but it is cutting into my WOW time dealing with STUPID UNDERWRITERS, and this on an FHA loans too

SoCalAppr8serGoneRealtor: (November 16, 2009 1:21pm)

@ James...Congrats...Mine have a few more years to go...not looking forward to that milestone at all..As far as underwriter goes...not shocked..wish I had an underwriter calling me for conditions though...BE GRATFUL YOU HAVE WORK!!!!

SoCalAppr8serGoneRealtor: (November 16, 2009 1:13pm)

@ Shocked in NC..Thanks for the kind words...but I still disagree (sorry)...if I see a problem where an opportunity arises, should I not go that route because this group is stero-typed as unethical and ignorant? Is this what you think of your wife? Didnt mean to get personal but didnt you say she was a Realtor? ..Still Confused..

James the Appraiser: (November 16, 2009 1:09pm)

There is one good thing today, my little girl turns 15 and is counting the days until she can drive, ohhh, may be that is not all that good

James the Appraiser: (November 16, 2009 1:02pm)

UNDERWRITERS are STUPID - just got a condition on a report I completed from the underwriter. He wants to know how much the transfer amount was on the subject property 3 months ago. I told him that the transfer was recorded by the bank when they took back the property and public records does not show any amount. He said I would have to contact the bank (Owner) and find out the transfer amount. I told him I could go to the County office and see if the papers have a number on them, but who cares. If the outstanding amount was $100 or $1,000,000 when they took it back what effect could that have on the sale today? All he could say was "I need a number". That is due to the fact that he has it on his check list, but has no idea why

Shocked in NC: (November 16, 2009 12:44pm)

Hey Brian. I 110% agree with your comment and I appreciate it! It's like the kid that said "Say it ain't so Joe, say it ain't so". Whether Shoeless Joe did it or not, became irrelavant... That kid was in shock and didn't want to beleive that Joe was doing anything less than playing 100% for his team. I understand Frank, as a realtor, can now be even more valuable. It's just disappointing. Again, thank you for your comment, and for still waving the Mortgage flag strongly and proudly!!

Anonymous: (November 16, 2009 12:32pm)

Hey Joekool, these guys are out town guys, maybe we should pick the spot.

Shocked in NC: (November 16, 2009 12:31pm)

Frank, Well its certainly hard to convey a point and counter point via "discussion" so I am just elaborating on Brain's joke. My point is I am quite shocked that you, an advocate of all things good in the mortgage business, would become a realtor...That's all. Be a realtor, be a great realtor, be the greatest realtor!! SoCalAppr8serGoneRealtor said it well - "we are infestated with Realtors, but yet I still see so many prospects going to open houses un-represented. I still see REO and Short Sale properties vandalized. We are in need of "GOOD" Realtors!" - Yes, I agree with you, there is a huge infestation of realtors, and a overwhelming need for GOOD, ethical, smart Realtors! Because the ones we have, that you so eloquently put it SoCalAppr8serGoneRealtor, do not exist. Most are poor at best. So that is why my reaction to joining this group. I think TBWS is great and you are an inspiration...But by becoming a realtor, I feel, you have compromised.

Lender / Realtor: (November 16, 2009 12:26pm)

@Realrose: Your proposal is actually a violation of RESPA and many other laws; and the only group to benefit are banks. Real Estate commission is set by the seller and Licensed Real Estate agent at the time of listing. The co-op fee to the buyer's agent is set at this time too. Any attempt to change or negociate that afterward, for instance at the time of contract, is a RESPA violation. What fee is a "Fair Professional Fee" that you would like to PRICE FIX? Who determines that, the same political genius' like Cuomo and Frank? Real Estate commissions do not drive up prices. Sellers have two possible ways to sell their property; FSBO or w/an agent. With an agent, the home gets featured on Realtor.com and the MLS. Those cost agents $. With FSBO, well you get what you pay for with the marketing fee or lack thereof. How do the banks benefit? Well if B Frank is setting your "Fair Professional Fee", good bye brokers/LO's - aka, his scapegoat for his bad policies since the RE market burst.

brian tbws: (November 16, 2009 12:18pm)

Hey Shocked in NC. I'm the one thats still actively originating loans! So we're not going to go off message. Truthfully, Frank discussing pressing issues about real estate with a lenders background may be even more valuable to the average originator.

The luck of the Irish: (November 16, 2009 12:15pm)

Frank and Brian tow of the funniest lads i know, may the luck O the Irish be with you on Wednesday. Whatever result may come of this you guys have blazed a trail to get this HVCC overturned. I hope one of you punch Cuomo in the face for me too hahahah. Cheers!

CalLender: (November 16, 2009 12:07pm)

Would love to see you do an episode of TBWS in front of his building!!! Especially with media looking on!!! Sweet!!! Kick some HVCC A$$, so many of us priaisng you both and the NAR, and everyone else supporting you...God Speed!

Valuequestor: (November 16, 2009 12:02pm)

Go get them in NY. Focus on the media aspect. The important thing is media COVRERAGE of the event and our message. Cuomo is a self serving D-bag. He or his representative will alternate between smiling and looking concerned. GOOD LUCK.

SoCalAppr8serGoneRealtor: (November 16, 2009 12:00pm)

Re: "Puke! How could you become one of those?" It is my experience, few realtors wouldn't know a great mortgage lender if it bite them in the rear. It is who can line their pocket with most cash or co-marketing." Um, this doesnt make much sense to me, but as an Appraiser who is turning Realtor, I'd like an elaboration. In So Cal, we are infestated with Realtors, but yet I still see so many prospects going to open houses un-represented. I still see REO and Short Sale properties vandalized. We are in need of "GOOD" Realtors! Why would becomming a Realtor who is savy in all aspects of the industry make you wanna puke? AGAIN, PLEASE ELABORATE?? I have 10+ years as an appraiser, well respected by several outlets of the industry.. So if that makes you want to puke...Then puke!

Valuequestor: (November 16, 2009 11:57am)

Dear Frank: Be a great Realtor. Do your thing baby.

Ezradams: (November 16, 2009 11:49am)

Brian, Frank, Good to talk to you today....forgot to ask....what's the address of Cuomo's NY City office? We'll need to make arrangements with the Guild members to get into the city. Thanks, Dan

elipp: (November 16, 2009 11:40am)

why isnt the petition being brought to Barney Frank? isnt he the person that can send HR 3044 to the house for a vote?

Frank@TBWS: (November 16, 2009 11:27am)

Shocked... then find those few. I don't know what to say. I can tell you that Brian is very busy in his mortgage business and virtually ALL of it is Realtor referral. I don't know what you're trying to say here honestly. Are you saying since I am going Realtor that somehow I am going to become less of a person or less of a professional or something? You're really making no sense to me at all.

Shocked in NC: (November 16, 2009 11:13am)

Frank... Respectfully I say this, because I do subcribe to TBWS and I am a paying TBWS customer (I say this, because I beleive in TBWS and putting my money where my mouth is)...I agree with you about being well rounded, informed, etc... I also beleive in the importance of realtor/lender relationship and am fortunate to have these relationships to sustain my business. My wife is also a licensed realtor and has been for 4 years...BUT...realtors are still realtors. I have worked with them for 11 years (even sending marketing videos). It doesn't matter what I say, you and the realtor segment is going to be on the defense. If you becoming a realtor helps mortgage professionals, then I all for it! But I'll repeat...Brian's comment "realtor driving Jaguar"...but the joke is..."Puke! How could you become one of those?" It is my experience, few realtors wouldn't know a great mortgage lender if it bite them in the rear. It is who can line their pocket with most cash or co-marketing.

App: (November 16, 2009 11:07am)

Smokey, I read that article and no appraisers were on the panel? If the HVCC were about consumer protection the IVPI would have been put in place with the HAVOCC. It wasn't. There is no place for appraisers to complain. Ms Doty, the Fannie rep, says complaints are way down from appraisers. She is the one that told me in May that the IVPI would be put in place "soon". Now it's been promised to be in place this month Nov. Still not here. Complaints are down because there's still no place to complain to for appraisers. The HVCC was not supposed to be enacted without the IVPI. Crooks imo, bought and paid for.

Joekool: (November 16, 2009 10:54am)

My office is in Manhattan so I will make it a point to be there. Please let em know time and place, and the bar we will be hitting afterwards.

App: (November 16, 2009 10:43am)

Dan : I wish I could be there with you guys, but I'm sure that representation by Guild members being there will well serve all independent appraisers. Ohh, before I forget - THANKS TO EVERYBODY HERE AND ESPECIALLY FRANK AND BRIAN FOR PUTTING THIS TOGETHER AND SEEING IT THROUGH !!!

smokey99: (November 16, 2009 10:40am)

I was kind of optimistic about possibly eliminating HVCC. Then I read a report from a realtor that was at the NAR meeting in which HVCC was discussed. Here is the link to the blog http://activerain.com/blogsview/1336905/at-the-nar-hvcc-problems-not-according-to-the-government- According to the powers that be there is nothing wrong HVCC.

App: (November 16, 2009 10:36am)

Right exradams, the homeowner or buyer gets to pick the home inspector, the roof inspector, septic inspector and any other inspector they want - except the appraiser. Is that right? Fundamentally it's wrong. It's the homeowners house and money paying for the appraisal, they should also pick the appraiser. One simple change to take the bank out of the loop and out of it's controlling role - make the homeowner the client. It's only right

Ezradams: (November 16, 2009 10:33am)

Frank, Brian, We may be able to help you with ground transportation...depending on which airport you're flying into. Let me know. The NJ chapter of the American Guild of Appraisers would like to be of assistance. dan@appraising.biz

CVBroker: (November 16, 2009 10:31am)

Bon Voyage and know that we are all there with you. I have a question to ask the forum. Who knows of any mortgage insurance company still offering MI for credit scores under 700? (non-FHA)

Exradams: (November 16, 2009 10:30am)

Valueboy, APP has it right. Although currently the lenders are our clients, it should change. Why can the borrower choose (and negotiate fee with) the title company, surveyor, and real estate agent. All of those individuals affect the outcome of the transaction. What's more important than correct title or actual boundaries that DEFINE the property? Any one of these individuals could be coerced in some way to benefit the borrower, yet it is ONLY the appraiser that is held hostage by the lender.

App: (November 16, 2009 10:27am)

And proof that it's not the banks money has been more than proven with the recent bailouts. It's our money that we trust them not to risk. The valuable commodity, your home, is what they absolutely need to loan on to make mo money - historically relatively risk free.

App: (November 16, 2009 10:21am)

Valueboy, your view is skewed. It's the homeowners valuable commodity that the banks want and needs a part of to make money. The money they're loaning is not their money - it's our money from deposits and other consumer offerings. The bank NEEDS to purchase an option of the homeowners valuable commodity as not only does that make their money worth something, it allows them risk. The banks are buying an option to purchase, at some later date, at 80% ltv, your home. Your home and your valuable commodity - what right does the bank have in controlling who does the valuation? Remember, it's not the banks money - it's ours that we've allowed the banks to play with. There was a trust there that the banks would never put our money at risk - well, that's been blown out of the water. It's a matter of perception - most people think it's the banks money - it's not.

brian tbws: (November 16, 2009 10:20am)

Hi Florida, Yes have your guys come up to NY. We'll be there tomorrow. Give me a call in a couple of hours and I'll give you the logistics. 707-330-1272 brian

AngryScottsdaleLender: (November 16, 2009 10:19am)

Illustration of HVCC issue..... I have a appraisal on a property done in June for 820,000 on 6/6. We had to rehabilitate the borrowers credit and then order a new appraisal. The hyperconservative HVCC appraisal came in at $485,000 on 11/4. My goodness!!!! There are 12+ offeres on every property in Phoenix selling for less than 150,000 but values are not increasing...... Why???? HVCC

FriendOfAppraiser: (November 16, 2009 10:15am)

I am a close friend to an appraiser who just lost the home she made for her and her two children as a single mom. It was so sad to see her walk away with the tears. TBWS is all she talks about. She knows you are her only hope to stay in the industry. Thank you for giving my friend hope. I had to check out your site for myself. She was able to get over 1,000 signatures for your petition and is still very proactive with her NJ/NY family and friends to be there Weds. She couldnt want more than to be there but she has no means. THANK YOU! & GOD SPPED!

Frustrated: (November 16, 2009 10:00am)

Valueboy....if the bank is taking all the risk, then why is the AMC charging the homeowner's credit card for the appraisal before the appraiser even shows up to do the inspection. It's the homeowner (lately the buyer) who is taking the risk of getting charged on their credit card for an appraisal that they can't even know who the appraiser is or what their qualifications are and if they are competent enough to appraise in that area. It's like buying an overpriced cat in a bag. The bank pays for nothing but they get to keep 40-60% of the fee because they own the AMC and they have forced the appraiser to work for peanuts. Just follow the money. Banks don't do anything that will cost them money. Even with the ridiculous lending laws they had a few years ago, now us tax payers and appraisers are sharing our income with them because they decided that this is fair.

BayAreaRealtor: (November 16, 2009 9:50am)

I am tired of the disparaging remarks about Realtors. Hopefully most are in jest, we can take some banter. But thanks Frank for reminding Shocked of the importance of presenting a balanced view that is representative of our whole industry...that includes lenders, Realtors and appraisers. We are all seeing our clients getting screwed by HVCC and we need to work together to do something about it. According to today's pole 10% of the viewers here are Realtors, maybe Frank's efforts to see things from our point of view will lead to more Realtors participating. My husband is a loan broker, I am a Realtor, we both work equally hard but it takes different skills. He wouldn't want my job, and vice versa. BTW our income has always been about the same until this year. Artificially low rates have kept him busy with refinances, but slow real estate sales have had a much bigger impact on my income.

Besty: (November 16, 2009 9:43am)

Highly unlikely Cuomo will be there to meet the perps he needed to enact HVCC against!! You're dealing with a major ego here and unless you can get an equal or greater ego on your side, your efforts could flounder. Any big names batting for you?

Valueboy: (November 16, 2009 9:37am)

App: You must have missed the first day of Appraisal School. Real Estate Appraisals are never done for the Homeowners, Realtors, or Loan Agents. Why you ask? Because none of them are risking anything in the transaction. The only person who is putting anything at risk is the Bank, and they are risking hundreds of thousands of dollars on each transcation. Therefore, every appraisal has always been and will always be for the Bank lending the money. Think of it another way. Your best friend wants to borrow a $20,000 from you to buy a car. Who's taking the risk, you or your friend. That's right you are and you would be the one who gets an appraisal on the car he is buying to verify the value of the collateral.

App: (November 16, 2009 9:28am)

mchammer - that's where the bank comes in. Crap wouldn't get through if the banks did their risk assessment and, homeowners wouldn't want to spend money on an appraisal that wouldn't get accepted anywhere by any bank. The homeowner would want to get the best appraisal they could the first time around. Where's the pressure? Millions on clients you can reject or accept with no fear of losing all potential clients.

mchammer: (November 16, 2009 9:23am)

Some of the most egregiously bad appraisals I've seen have been those prepared for homeowners. Like a home being worth twice what was paid for it 90 days later.

App: (November 16, 2009 9:20am)

It's even simpler than that realrose - make the homeowner the client. One simple change that really doesn't change anything except that the homeowner gets to pick the level of experience they want their appraiser to have. And have any appraisal done by a state certified appraiser marketable anywhere to any bank. Why isn't the consumer more important in this whole thing? They're paying for the appraisal and it is their valuable commodity the banks want an option to purchase on at 80% LTV. The consumer needs to be educated and more involved in the process. If they were the client then buh bye amc's and skippy.

Realrose: (November 16, 2009 9:10am)

I totally agree with Mardi Gras Madam. I would like to propose more simply-put regulations to clear up the issue of HVCC. We can resolve the appraiser pressure problem an easier way, stop commissions for real estate agents, loan brokers and make them work for a fair professional fee like appraisers do. Who is more important to a transaction like a loan? Pay appraisers well so they don't have to cowtow to some broker to stay alive, or split their fee with an unlicensed pimp (AMC). For all owner-occupied residences, including apartments NO ONE GETS A COMMISSION - THEY WILL GET A FAIR PROFESSIONAL FEE, NOT ONE SET BY THE BUYER OF THE SERVICES WHEN IT IS PAID BY THE SELLER. COMMISSION IN REAL ESTATE DRIVES UP PRICES AND MAKES A LOTTA CROOKS. CUOMO IS NOT PECORO, HE WISHES, AND SO DO ALL THEIR KIND WHO HAVE MADE LIVING A BIZNISS!

App: (November 16, 2009 8:59am)

Owl : The AGA (Appraisers Guild of America) will have some members there. They are an old establishment that's getting a growing groundswell of support from appraisers across the country. The Guild is linked to the AFL/CIO. I joined as they do have clout and stand by appraisers unlike the misnomered larger organizations bearing the name appraisal but are far from serving appraisers interests. It's only $150 for a year. Recent response from the AGA: Many things are happening. The new Jersey chapter has been formed and elected officers. We are working on a response to the new FHA regulations. Also in some states the use of BPO’s for property disposition is illegal. The local government officials will not enforce the regulations since banks are big contributors and so are the realtors. We are now attempting to force their hand both by political pressure and motions filed by our attorney’s. We will have some representation when the HVCC petition is presented.

SimpleSolution: (November 16, 2009 8:59am)

Oh and I would love to be there but unfortunately since the HVCC I am too broke to buy any plane tickets to travel anywhere.....Let me know if there is anything else I can do to help....

SimpleSolution: (November 16, 2009 8:56am)

Wohoo....Thanks Frank and Brian. You have my cheers over in in CA. Good luck!

App: (November 16, 2009 8:46am)

You guys are right, our best weapon against this ignorance (the HVCC) is to educate the public. Hopefully you'll actually get some newsprint in the NY Times and the WSJ. Sic em :^)

Owl Tree: (November 16, 2009 8:45am)

In addition to consumers, I would suggest that appraisers show up too. Wasn't HVCC designed to "allow appraiser independence?". Instead, it's made them serfs to AMCs. Also, I've been hearing alot of political chatter about helping small business. I don't see how enslaving local appraisers helps foster small business recovery. And regarding the question of "what will this achieve?"....the answer is simple. It will delivery a message to government that consumers and small business is getting screwed by misguided, heavy-handed, short-sighted regulations. As one of the earliest signers of HVCC, I applaud everything you guys have done to be on the front line in the War Against Arrogance. Rock on, boys.

Frank Garay: (November 16, 2009 8:36am)

Uh actually Shocked... don't you think it wise for one of us to work within the Realtor ranks? I want to know what it's really like. I want to experience the whole enchilada, and bring that experience to the show. Lost my credibility? I've been lending for 23 years, through good times and bad. I don't think there is anything I can do to lose my credibility. Don't worry, Brian will never go Realtor, if he did the show wouldn't be well rounded. Clearly you're a lender that has issues with working with Realtors. Too bad. In my two decades of lending, I've always worked with Realtors and they have been a huge part of my business. If you can't see that... then I'm sorry but that just means more for those who do see the lucrative Realtor/lender relationship. Perhaps the experience that I bring to the show will help you with your anti-Realtor issues and eventually wind up helping you make more money. Did you take the time to think about that? Wake up man... wake up.

App: (November 16, 2009 8:31am)

IT'S ILLEGAL dammit!! Although the HVCC was issued in part by an administrative agency of the federal government, it did not go through the Administrative Procedures Act (APA) or the Regulatory Flexibility Act (RFA) as required of rules issued by administrative agencies of the federal government. Reps. Childers (D-MS), Manzullo (R-IL), and Bachmann (R-MN) joined Congressman Gary Miller in offering the amendment to sunset the HVCC.

WOG: (November 16, 2009 8:31am)

Coumo needs to be delivered a Federal Subpoena. If I lived anywhere close, I'd be there! I have say that I rather doubt a petition will have a dramatic impact on this despot. But perhaps it will serve notice that, unless changes take place, we will step up the action. This guy needs to be in jail.

Owl Tree: (November 16, 2009 8:28am)

The 3 biggest issues with HVCC in my opinion: Non-portability, cost, and quality. All 3 of these issues completely screw the homeowner / homebuyer. I fail to see how HVCC in its current form will be anything other than a huge brake on the healthy recovery of the real estate market. As a mortgage broker, I would like to recover the ability to refer a client to a reputable professional appraiser. But if not, the ability to have a professional discussion with the appraiser, plus the ability to use that appraisal with another lender, are absolutely vital to the continuation of the TPO channel.

Shocked in NC: (November 16, 2009 8:17am)

Frank!! As Brian put it... "A Jaguar driving Realtor"... Wow! I know you are going to give me a big "oh please", but I feel betrayed. Brian was, in jest, making a comment about Jaguar driving Realtor, but he was really saying... "PUKE!" Dude, you totally lost your credibility! If Brian goes to the dark side, we will know all your TBWS news would be totally slanted... I guess now it's only half slanted.

Lender / Realtor: (November 16, 2009 8:13am)

@TOny: If a possible fraudulent appraisal technique was utilized in order to decrease the appraised value(s), have the borrower(s) file a grievance against the appraiser(s) & AMC(s) (both must be done) with the state AG's office. In my case, the AMC merely backed up the appraisal, with no investigation on their own or by 3rd party. They received a large sum of the appraisal fee for acting as the HVCC middle man, they also need to be 100% accountable for the results. @Frank Garay & TOny: Then, after the grievance has been filed in the borrowers state, send a copy of that consumer filed grievance to AG Cuomo's office. The only way to stop this nonsense is to, as Frank Garay has stated, have consumers (registered taxpayers) complain to the source. If a politician can see that too many complaints are being filed and the bureaucracy becomes overrun with grievances, positive change may result.

App: (November 16, 2009 8:08am)

1 more thing, amc's are holding on to appraisals for weeks to months and losing borrowers locks, forcing on them the costs of another appraisal.

App: (November 16, 2009 8:06am)

The big thing to me is, consumers are paying for the best appraiser out there but are getting the cheapest. Consumers aren't getting their monies worth in experience and quality. It's kind of a bait and switch scam. Appraisal fees have gone up since the HAVOCC and they were supposed to be saving consumers money? AMC's are forcing appraisers to use non-comparable properties to lower values as lowering values is the only thing they can do to show their efficacy in the process in fighting fraud. Throw in non-portability of appraisals and consumers are systemically getting screwed out of their hard earned dollars.

App: (November 16, 2009 7:58am)

Cuomos an idiot. He jumps in and right away blames the appraisers and the brokers long, long before the facts are known. Would he enact the HVCC today with what we know now? That it was big government forcing loans to people that couldn't afford them and the banks played along by pushing no doc loans down peoples throats and ignoring underwriting due diligence. I wish enough notice was given on when the HVCC is being delivered so more people (including me) could be there for the delivery - but, it is what it is. Good luck and Godspeed. Stay sharp guys, this is the big time, no hoochin it up to calm your nerves, lol (joking-I think you know the seriousness of it). Time to shine, almost 118k signatures

B: (November 16, 2009 7:50am)

From my brief encounters Marc Savitt is very well spoken and bright and a great representative for this meeting; good luck!

Starving Appraiser: (November 16, 2009 7:49am)

James-I'm not dissing these srvcs. I 2 have worked 4 AMSA in the past, they took $50 cut, not bad. EM charges $10 a report, still not bad. But, if the AL&CB declares them an AMC, they must get in compliance w/state law by 01/01/2010 or we both will be in violation & subject to criminal penalty, per state law. This will effect 2 long time clients that R in the dark on this issue. If they cont. 2 use EM, & EM is not compliant, they basically will be out of the mortgage busn in this state. I've talked to 5 of my peers & we all agree no way we'll subscribe via credit card. Would gladly pay the $10/report in advance, EFT, busn. check, whatever, for multiple reports, but no credit card info 2 B in their database for all 2 C & steal. I believe 4 states I mentioned all have AMC laws 2 registr & regult going into effect in the near future. I'll let U know what the board's final decision is as soon as I get it. But EM is trying to "skirt" the AMC laws by claiming they're software cos only.

TOny: (November 16, 2009 7:48am)

Good morning, I am sorryu I cannot personally make it to New York on Wed. but would love to send 3 borrwers that we tried to obtain mortgages for but were denied due to the appraisals being considerably lower than the sales prices. all three properties were REO's. The lenders that owened these homes would not lower the prices because all three had BPO's for the sales price. In all three cases we had to order multiple apprasisal with different lenders to try to make the deals work. Total spent between the three borrwers $2,300.00 and none of the loans closed. I am willing to send these three consumers to New York but only if they can make a positive contibution. Please give me the details as to where they would have to meet with your orginization. The would be traveling from Miami, FL. Thank You Tony Modrono President In House Mortgage Inc.

Fossil: (November 16, 2009 7:46am)

What is your suggestion then, Gary? Sit on your ass and do notingh? I applaud all that TBWS is doing to help communicate the ills of HVCC to the creator of the problem and find it remarkable that they have gotten an appointment to present the petition. I will be flying to NY from CA to help in any way I possibly can. We need to remind everyone that appraisers OBSERVED the market, they did not create it. Trillions of dollars in Junk Bonds brought in by collusion with rating agencies created the bad loans and run-up in value that led us down this path. And saddly enough; mathematically there are more who benefit from inflated appraisals than those who suffer anyway.

Frank Garay: (November 16, 2009 7:39am)

Good idea Lender/Realtor... every bit helps. Getting bad press to Cuomo is key. He is running for Governor, and all his activities are geared toward that goal. Think about it.... who is the AG for Colorado? How about New Mexico? How about Virgina? Unless you live there, you most likely don't know. But when you ask who the AG is for New York.. easy... Cuomo. He's trying to be some super hero so the New Yorkers shoe him in. First Governor, then... you guessed it... I think he has BIG ideas down the road. So bad press is his enemy right now, that's what we need to focus on to hopefully initiate change with respect to this stupid code. We are burning the candle at both ends - Cuomo and Washington. If we keep it going on both ends, somethings got to give. So please support us on this trip - we all need it.

Lender / Realtor: (November 16, 2009 7:32am)

I recently received back an appraisal that had a cut value. The AMC appraiser utilized the same techniques that "fraudulent" appraisers used to utilize to artificially increased values prior to HVCC; crossing into a different neighborhood to get comps w/o disclosure/adjustment, ignoring 3 similar comps within immediate proximity while utilizing comps over 1 mile fr/subject, etc. This resulted in a value cut of approx $75k. What is the appraisers/AMC motivation for lower values; lawsuits from lenders & attorney general investigations; which have raised their E&O insurance rates. Low values = no loan made & no lawsuits/investigation. Going to AG Cuomo office with the petition is one solution. An alternative solution to all of us in the industry is to have your borrowers file a grievance with their state Attorney Generals office against the AMC & Appraiser when a questionably low appraised value is received. If Cuomo receives 50k of those grievances filed, that might facilitate change.

James the Appraiser: (November 16, 2009 7:20am)

Starving Appraiser - Ha, I have worked with AMSA for years. Yes, they are an AMC, but I have always recieved full fees from them in the past and I have never had any problems with them with one exception, and that was the lender's underwriter 3 weeks after the report was turned in. AMSA has never done any thing wrong in any dealings I have had with them.

Starving Appraiser: (November 16, 2009 7:16am)

APPRAISERS in AR, CA, NV, & UT - BEWARE OF SOFTWARE COs, such as Ellie Mae & AMSA. EM is a lender software co that has been free to apprsrs until recently changing to a subscription required via credit card MO. Have been in lengthy communications w/Ellie Mae & local Apprsr Licns & Cert Board re:criteria of an AMC as defined by state laws effective here on 01/01/2010. My take on the definition, confirmed verbally by AL&CB, is that these software companys ARE operating as AMCs. Provided the info to EM & after long e-ml volley, EM's stance is they are NOT an AMC because the apprsrs delivery the report directly to the lender - not so. The report is uploaded to EM's website for retrieval by the lender. EM website is used to place, update & deliver the report, as well as admin services thruout the process, as advertised on EMs website...all criteria included in the state definition. I've forward the info to the AL&CB for a final determination & am awaiting their reply ... more 2 come ...

Frank Garay: (November 16, 2009 7:10am)

The thing that will get the attention of the media is consumers getting jacked on this thing, which they are. I was just in live chat with an appraiser from Utah.. his father refinanced and the appraisal cost him $700. The appraiser got $395, so the AMC got almost half to simply assign an appraiser. This hurt the consumer. Appraisals not being portable, hurts the consumer. Inexperienced out of the area appraisers doing appraisals in 24 hours using foreclosures and missing data resulting in low appraisals is hurting the consumer. We estimate about a 1.9 trillion dollar loss in equity so far, this is killing the consumer. And of course, tens of thousands of appraisers put out of work to put the icing on the cake. The consumer is key to this thing, so if you know of any that are willing to show up on Wednesday with their story, please send them.

Vandy: (November 16, 2009 7:02am)

Frank...Why don't you ask the fine AG from NY to enforce the laws and regs that were already in place before HVCC?? It's intention was to punish Banks/Lenders for their pressure on their Appraisers...all it did was put independent firms like mine out of business and put more power to the Lender. We Appraisers are supposed to be an independent 3rd party to the transaction.

Recycle Congress: (November 16, 2009 6:58am)

I agree with GaryP but like the idea that the press will be there to cover it, especially Fox news. Fox seems to be the only news organization willing to fully report the news or ask any hard questions with the exception of Jake Tapper. I hope you guys are successful!

Mardi Gras Madam: (November 16, 2009 6:56am)

In my opinion, the thing Cuomo and everyone else that has been in favor of this preposterous HVCC crap doesn't seem to understand is that in any give situation when one person has power over another there is always potential for coercion. As long as the AMC's have the power to withhold payment, decrease payment or not make payment for whatever reason they dream up, and regulate our fees we appraisers will not be independent. It's just that simple. Again in my opinion, since the gov't wants to spend so much of our tax dollars I suggest giving the state appraiser boards money to have more auditors to come in and audit our files and if we are not presenting our work according to the law take our licenses from us. Once you lose your license as an appraiser you CAN NOT practice as a real estate agent, mortgage broker, and originator or participate in any other aspect of the real estate or mortgage industry. The same should hold true for the mortgage industry. Again just my opinion.

Starving Appraiser: (November 16, 2009 6:52am)

GREAT NEWS GUYS!!! But I too am a little doubtful that this effort will go anywhere with Cuomo, but HEY, ya gotta start somewheres & any media it gets will be helpful. Wish I could be there, but the 1000+ mi trip is a little out of reach right now, but I'll be tuned in & logged on, so to speak. Got 1st VA assgnmnt(s) last Thrus & so far so good...keeping me running. NOW, next post will pertain to apprsrs (a warning of sorts) re: what is an AMC and what isn't, in some opinions.

Vandy: (November 16, 2009 6:48am)

Ezradams...I'm considering flying out from L.A. to join the boys in presenting the petition. Almost 20 year career is all but gone.

Frank Garay: (November 16, 2009 6:37am)

The point of going to Cuomo is that we have two media appointments. First on Wednesday morning Marc Savitt is going to be on Fox business news talking about Cuomo and the problems with HVCC, and then on Thursday morning we're hoping to be on Fox and Friends with Marc talking about the problems with HVCC. We also intend to have media there at Cuomo's office when we deliver... uh.. about 50 cases of printed signatures and stories to them, again, making a point in the media.. We feel the media is our best hope to get the attention drawn to the situation. We also asked this in a poll question several weeks ago and the viewers agreed that the media was our best bet. So off we go to make a media splash. Our goal is to bring HVCC back to the drawing board to fix the problems that it has and has caused. Wish us luck.

Another Lowly Appraiser: (November 16, 2009 6:04am)

Best of luck guys from a starving appraiser!! If you can make this happen (get rid of the AMC's) you two will be my idols for ever! I have refused to work for the AMC's because they do nothing but take half the fee for being a pass through business. Government at it's best creating another layer that does nothing but clog the system.

Nuke 'em 'til they Glow: (November 16, 2009 6:00am)

Dog Frank Brian. Frank is of the Realtor Devil! That is REALLY Ugly!

Ezradams: (November 16, 2009 5:59am)

Frank, Brian, I, for one, will be there on Wednesday! I'm sending out an email to 450 appraisers in New Jersey this morning with a link to your website as well.....maybe we'll see a crowd. Interesting comment about FULL FEE from David Stevens. FHA has not been forthcoming on that subject when queried in the past. The American Guild of Appraisers has been working on that specific topic with Mr. Steven's office. I wonder if together we can make a difference? dan@appraising.biz

takebackdc: (November 16, 2009 5:30am)

Make sure you guys get your H1N1 shot before going in Cuomo's office - the pork there could easily kill you otherwise. When you see my wasted tax dollars and lost income - will you say hi? Good luck!

Ancient Appraiser : (November 16, 2009 5:02am)

I'm with Gary P here! Cuomo wrote the thing and I am sure somehow making money off it - doesn't seem he would be the one to care about a petition against it ! The News coverage on FOX will be a lot more rewarding. Go get them guys !!!

Jersey Girl: (November 16, 2009 4:56am)

Scooby & Frank TBWS: Woo Hoo! Thanks for all of your efforts. I'll do my best to get there to support you and help with anything you need. I have to try and rearrange a few things already scheduled on Wednesday. Call or e-mail...good luck!!! :)

LI Appraiser: (November 16, 2009 3:27am)

I can be there, I will schedule for both days to be in Town. Post yor schedule as soon as possible

Great Clubs to visit in NYC: (November 16, 2009 3:27am)

Frank and Brian there are a few great Sex Clubs to visit in uptown and one in Midtown. Have a good safe time

GaryP: (November 16, 2009 3:11am)

I wondering what you think you are going to achive my presenting the petition to Cuomo. In effect, you are asking a politician that is running for higher office to admit that he made a huge mistake. How is that going to be received? I do understand that there is some symbolism involved here, but to what end? A pyrrhic victory? Help me out here and show what I am missing.