Appraisers, It's time to speak up

[NC Appraising]

You bunch of butt-heads

I'll start. How about a class action lawsuit against AMCs and lenders for stealing borrowers money?

Nice Lil scam they got going on....

We will say that the appraisal will cost $700, but then we'll find an appraiser to do it for $300 and pocket the rest. No one will ever know. Dumb borrower....they will never know as they cannot shop around.

 

[Dublin ohio]

You bunch of butt-heads

I'll start. How about a class action lawsuit against AMCs and lenders for stealing borrowers money?

Nice Lil scam they got going on....

We will say that the appraisal will cost $700, but then we'll find an appraiser to do it for $300 and pocket the rest. No one will ever know. Dumb borrower....they will never know as they cannot shop around.

Well since we are not the borrowers we have no standing.

 

[glenn walker]

You feel better now ? This rant about class action suits has been going on for almost 20 years. Not happening because there is no attorney that would touch it with a ten foot pole as most appraisers are self employed and agree as vendors to accept or reject assignments therefore no damages have been inflicted. Anyway the Ship Sailed so accept or reject your fate. Nobody's getting on board.

 

[Fernando]

My AMC recently went to another ordering system. I'm rather confuse.
The new order system doesn't indicate the full fee AMC is getting.
The older ordering system disclose the full fee (if that is the truthful fee).
Seeing the fee, I give the AMC a 10% profit margin which I think is fair.
The new order system won't give me a reference point anymore.

 

[NC Appraising]

You feel better now ? This rant about class action suits has been going on for almost 20 years. Not happening because there is no attorney that would touch it with a ten foot pole as most appraisers are self employed and agree as vendors to accept or reject assignments therefore no damages have been inflicted. Anyway the Ship Sailed so accept or reject your fate. Nobody's getting on board.

Sure do. It's Friday and quitting time you butt-head. Lol

Ps where the hell have you been?

 

[NC Appraising]

My AMC recently went to another ordering system. I'm rather confuse.
The new order system doesn't indicate the full fee AMC is getting.
The older ordering system disclose the full fee (if that is the truthful fee).
Seeing the fee, I give the AMC a 10% profit margin which I think is fair.
The new order system won't give me a reference point anymore.

Over on the Fakebook forum someone posted a $145 hybrid URAR.

Then they posted the fee schedule from a AMC my state was 795.


What a freaking scam. Bunch of theives.

 

[djd09]

Tyson, Cargill agree to settle beef price-fixing claims for $87.5M​

Edited by:​

Beef price-fixing settlement overview:​

• Who: Tyson Foods Inc. and Cargill Inc. have agreed to settle beef price-fixing claims.
• Why: The companies agreed to pay a combined $87.5 million to resolve claims they conspired to limit competition and raise the price of beef.
• Where: The beef price-fixing settlement was filed in Minnesota federal court.

...comprende?

 

[TerryRohrer]

You bunch of butt-heads

I'll start. How about a class action lawsuit against AMCs and lenders for stealing borrowers money?

Nice Lil scam they got going on....

We will say that the appraisal will cost $700, but then we'll find an appraiser to do it for $300 and pocket the rest. No one will ever know. Dumb borrower....they will never know as they cannot shop around.

Where have you been? There was just a ruling pertaining to this suit in the last week or few.

Class Action Over AMC Fees + Key Valuation Updates

www.appraisalinstitute.org

 

[Fernando]

Over on the Fakebook forum someone posted a $145 hybrid URAR.

Then they posted the fee schedule from a AMC my state was 795.


What a freaking scam. Bunch of theives.

No one forcing someone in accepting the $145 fee.

 

[George Hatch]

You feel better now ? This rant about class action suits has been going on for almost 20 years. Not happening because there is no attorney that would touch it with a ten foot pole as most appraisers are self employed and agree as vendors to accept or reject assignments therefore no damages have been inflicted. Anyway the Ship Sailed so accept or reject your fate. Nobody's getting on board.

Stop trying to discourage them. Just step back and let them go for what they know.