I received this email from Rudy Benitez of Lion's Gate Mortgage. It is talking about the new appraisal HVCC code that goes into effect May 1st. There is a link included for more information.

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Hi Friends,

Happy Thursday and I hope life and work are both going wonderfully. Just want to drop you a quick not regarding the new appraisal HVCC Code. I have received dozens of calls/emails so here is the simple breakdown of what this entails:

-Lenders will now require that we as a broker request the appraisal through the lender directly. We, as the mortgage broker, can no longer have any direct communication with the appraiser who is scheduled to review the property. We must go through the lenders preferred appraisal group. Keep in mind that you as the realtor are still able to have open communication with the appraiser to ensure water/power are on, doors are open for their entry to property, etc.

-Please keep in mind that now more than ever, appraisers are under the microscope. Most appraisers are beginning to really note any minor deficiencies within the home. Therefore, if you have broken windows, water leaks, exposed wires, and so forth these must be fixed prior to their arrival.

-Also, please note that I still have access to ValueCheck so I can pull comp checks on properties for you if need be for free.

The link below is a detailed FAQ regarding the new HVCC Code. There will be a bit of a learning curve for us all, but like all changes we see in real estate, we will all adjust and things will be fine. Thank you all for your continued support. We have received 78 referrals in April thus far so I am sincerely thankful. Have a pleasant and blessed evening and please call on me if I may help.

https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/appcode/pdf/hvccfaqs.pdf

Rudy Benitez
Senior Mortgage Consultant
Lion's Gate Mortgage
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Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!