So far, I haven’t had a deal killed by HVCC complications, but this process was a really bad idea that complicates too many transactions. Undoubtedly, there were lenders over the past five years or so who knew they could get almost any property appraised for the contract price/LTV. Now, however, in too many cases, appraisers are being dispatched from very different market areas, to provide appraisals for something like 60% of the “old” appraisal fee (after the AMS gets paid). Worse, even the good, conscientious appraisers have little or nothing to gain by being responsive to contacts from buyers’ agents. They’re going to come up on the “AMS rotation” again anyway. I have been able to work through the “problem” appraisals so far, but it’s only a matter of time ….