Real Estate Appraisal Forum

 
 Fastest Way to Find a Real Estate Appraiser> Enter Zip Code:
pop up description layer
Services:   >   Appraiser Tools  -  Web Hosting  -  Free Web Site  -  Deadbeat Listings  -  AppraiserUSA.com  -  Domain Names   
The Premiere Online Community for Real Estate Appraisers!
Go Back   Appraisers Forum > Main Appraisal Forums > Running an Appraisal Business
Register Help Our Rules Calendar Archives Mark Forums Read

Hey there!

It looks like you're enjoying Appraisers Forum but haven't created an account yet. Why not take a minute to register for your own free account now? As a member you get free access to all of our appraisal related forums and posts plus the ability to post your own messages, search over 1,000,000 previous messasges about real estate appraisal, and communicate directly with other members, most of whom are appraisers! (Note: It is not required that you be an appraiser to register) Register now!

Already a member? Login at the top of this page to stop seeing this message.


Closed Thread
 
Thread Tools
  #1  
Old 03-24-2009, 02:52 PM
mattfrentheway mattfrentheway is offline
 
Join Date: Mar 2009
State: Utah
Professional Status: Certified Residential Appraiser
Posts: 79
Default A Fellow Appraiser Ripped Me Off!

I did an appraisal a year and a half ago. After no payment or response from the broker, I took him to court, and won with a judgement. He protested the judgement saying he had already paid me, but he lost. He sent MY check to the wrong appraiser (not even in my office or works for me), and the appraiser CASHED IT.

I have copies of the cashed check and have verified he cashed it. The broker still refuses to issue me a new check and take it up with the other appraiser. The other appraiser refuses to send me my money, even after phone calls, and emails, and playing nice.

This appraiser has had my fee and been aware of it for almost a year now.

What can I do? I know I can try to collect on the judgement against the broker, but I am thinking I might have better success going after the appraiser some how.

Has this ever happened to you? What can I do.

BTW, I have received other appraiser's checks in the mail before and I always send them to the lender, or to the appraiser if I know them.

Thanks in advance.
Sponsored Links

  #2  
Old 03-24-2009, 02:54 PM
Ken B's Avatar
Ken B Ken B is offline
 
Join Date: Feb 2004
State: Florida
Professional Status: Certified General Appraiser
Posts: 6,567
Default

You have no claim against the other appraiser although the broker probably does.

Do what you need to collect the judgement against the broker.

(I'm not an attorney and I did not sleep at Holiday Inn last night.)
__________________
If at first you don't succeed, read the instructions.
  #3  
Old 03-24-2009, 03:01 PM
PropertyEconomics's Avatar
PropertyEconomics PropertyEconomics is offline
 
Join Date: Jun 2007
Location: Central New Mexico
State: New Mexico
Professional Status: Certified General Appraiser
Posts: 13,306
Default

Quote:
Originally Posted by mattfrentheway View Post
I did an appraisal a year and a half ago. After no payment or response from the broker, I took him to court, and won with a judgement. He protested the judgement saying he had already paid me, but he lost. He sent MY check to the wrong appraiser (not even in my office or works for me), and the appraiser CASHED IT.

I have copies of the cashed check and have verified he cashed it. The broker still refuses to issue me a new check and take it up with the other appraiser. The other appraiser refuses to send me my money, even after phone calls, and emails, and playing nice.

This appraiser has had my fee and been aware of it for almost a year now.

What can I do? I know I can try to collect on the judgement against the broker, but I am thinking I might have better success going after the appraiser some how.

Has this ever happened to you? What can I do.

BTW, I have received other appraiser's checks in the mail before and I always send them to the lender, or to the appraiser if I know them.

Thanks in advance.

Actually, the Broker ripped you off as he did not pay you for services rendered. Now you could have a case against the other appraiser if the check was made out to you and they put it in their bank or cashed it .. If you have a copy of the check and its made out to you Id go to the bank and have a little discussion about forgery and theft and get their legal department involved as they helped aid in commission of a crime. Dont know how far you will get with this but its worth a shot.
If the check was made out to the other appraiser, the broker made a mistake and the other appraiser simply stole money from the broker for services not rendered. Id seek the brokers help in this instance and offer to quash the judgement if he is successful in helping you get paid.

Two against one sounds good to me in this instance.
__________________
Foxtrot, Uniform, Charlie, Kilo Cancer ... In memory of our friend Bill Waite!
  #4  
Old 03-24-2009, 03:46 PM
Carnivore's Avatar
Carnivore Carnivore is offline
 
Join Date: Jan 2002
Location: Queen City
State: North Carolina
Professional Status: Certified Residential Appraiser
Posts: 12,231
Default

The broker can not refuse payment on your judgement.

The other dude is in a heap of trouble with the broker, which is not your problem. Leave it alone.
  #5  
Old 03-24-2009, 03:58 PM
mattfrentheway mattfrentheway is offline
 
Join Date: Mar 2009
State: Utah
Professional Status: Certified Residential Appraiser
Posts: 79
Default

Quote:
Originally Posted by Carnivore View Post
The broker can not refuse payment on your judgement.

The other dude is in a heap of trouble with the broker, which is not your problem. Leave it alone.

OK. So no recourse with the appraiser. I will go after the broker then. But am I too naive to think that one would feel obligated in sending the rightful party their compensation when one (the other appraiser) did not do the work? Are there legal issues on his end if he did send me my money, that I am not seeing and that he might be worried about?
  #6  
Old 03-24-2009, 04:39 PM
Jonah's Avatar
Jonah Jonah is offline
 
Join Date: Mar 2006
State: Utah
Professional Status: Licensed Appraiser
Posts: 285
Default

I would talk to the Division of Real Estate and see what they say.
__________________
Utah > AMC. Let's show them who is in control.
  #7  
Old 03-24-2009, 06:08 PM
William Rightsell's Avatar
William Rightsell William Rightsell is offline
 
Join Date: Oct 2004
Location: Greensboro, NC
State: North Carolina
Professional Status: Certified Residential Appraiser
Posts: 617
Default

If you and the other appraiser both REALTORS....official ones...then you can file an ethics charge against him...

If you file a complaint he is obligated under his membership to respond. You can request arbitration by a board of fellow REALTORS....I did it once..had to send a check for $500 to cover the arbitration boards costs....

Then they contacted the other party, and he paid up the next day rather than having to submit a $500 check to the board like I did...The winner gets thier $500 back and the loser pays the bill PLUS what he owes.

If you are both members, I promise you this will solve it.

If you have proof (documents) that he cashed your check then I cannot see a board of his peers saying that was ok...

todd
  #8  
Old 03-24-2009, 07:46 PM
Jodi Knox's Avatar
Jodi Knox Jodi Knox is offline
 
Join Date: Nov 2006
Location: Newport News
State: Virginia
Professional Status: Licensed Appraiser
Posts: 8
Default

I had broker who would not pay and I went to the http://consumeraction.gov/banking.shtml found my state and clicked on the website for that state. I seen if the deadbeat company was on the list and then I filed a complaint against them. They immediately paid me. If they did not pay they would lose their mortgage broker license and would be unemployed.
  #9  
Old 03-24-2009, 09:37 PM
Robert Rodgers's Avatar
Robert Rodgers Robert Rodgers is offline
 
Join Date: Feb 2004
State: New Jersey
Professional Status: Certified Residential Appraiser
Posts: 73
Default

I am in the same boat at mattfrentheway to a point. I did an appraisal for one of my clients the borrower happend to be an appraiser, and does not want to pay because the loan did not close.

From the loan officers statements to me it was not the appraisal it was approved by the bank, but for some other reason. The loan officer is paying the bill now but decided not to ever use that appraiser because he would not pay for services rendered.
  #10  
Old 04-01-2009, 06:06 PM
Hiker's Avatar
Hiker Hiker is offline
 
Join Date: Oct 2004
State: Arizona
Professional Status: Certified Residential Appraiser
Posts: 117
Default

Everytime I've had a deadbeat broker... I give them 3-5 months to pay, if no money, I call the office account manager or company owner and explain the situation and have received my money everytime.
Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 1998-2010, AppraisersForum.com, All Rights Reserved
     Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser> Enter 5 digit Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info


All times are GMT -5. The time now is 03:31 PM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93


vBulletin, Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.