What's "NEWS" at Advantage Appraisals

Yesterday, the senate had the "Mark Up" session on HR 4173, which is known in the senate as " The Restoring American Financial Stability Act ". This was PASSED in committee 13 to 10, which means the next step is a vote on the senate floor. Harry Reed (202-224-3542) is in charge of setting the agenda for this vote, but a date has not yet been set.

I did call Harry Reed's office and spoke to a female "staffer" who could not provide any information as to schedule, in fact " I don't know and I'm not sure" seemed to be all she DID know. I certainly would hope this is not a  reflection of competency of his office.

The intended audience for my blog is my main client base: Mortgage Brokers, Local Banks, and Realtors.... or should I say my former client base !

Thanks to HVCC (or more to the point Attny Gen. Cuomo of New York), beaurocrats are attempting to put all of us out of business by forcing so called "independent" third party appraisal ordering thru AMCs (thats a whole other story in itself, call me if you would like to discuss that one).

But the point of this update is to let you know where we are with the repeal of the current HVCC provisions. On Dec 11, 2009 the House of representatives passed HR 4173 "The Wall Street Reform and Comsumer Protection Act of 2009" (which will "sunset" current HVCC, and again allow fair competition and appraisal ordering and eliminate AMCs). the bill passed 223 (213 needed) to 202, and of the 223 ZERO were Repulicans. What a great bipartisan government we have !

It is now in the Senate Banking Commitee and on MONDAY March 22, 2010 it goes to "Mark Up". This is where senate will update or amend it before they vote on it. This "Mark Up" seesion will be WEB CAST LIVE Monday 3/22/2010 at 5 PM at http://banking.senate.gov . Chris Dodd (D) Connecticut heads this commitee.

Call your senators and Chris Dodd...repeatedly !!

Chris Dodd (D) Connectict  (Commitee Chairman) 202-224-2823           

Sherrod Brown (D) Ohio   202-224-2823

George Voinovich (R) Ohio   202-224-2315

As we move closer to 2008, Advantage Appraisal Service is always looking for ways to better serve our clients. We've listened to your request and have added 3 NEW COUNTIES, with more coming in the very near future. Effective IMMEDIATELY we are now servicing SHELBY, CHAMPAIGN, and DARKE COUNTIES. (see our service area from the tab on our home page)

In the very near future we are looking to again service the Greater Columbus Area by picking up FRANKLIN COUNTY.

Don't forget that, although we don't advertise it, we will look at potential appraisals in Brown and Highland Counties on a case by case basis.

This is the first entry for the new blog here on our home page. check back often to see what's "NEWS" in our industry and at ADVANTAGE APPRAISALS.