Bob Ipock
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
If you have done appraisals for Transcontinental Valuations, you may have received an email stating that the company has recently gone out of business. The email stated that the company can pay only 25% of the amount owed to each appraiser.
If you have received one of these emails and have not received full payment from them, you can file a claim against their bond. Attached you will find information on how to do so. We urge you to file a claim as soon as possible as the bond is only for $25,000, and once that limit is reached no more claims will be paid. In addition, you may want to contact the lender for the assignment to see if they might be willing to pay the rest of the invoice.
Please contact Appraisal Board staff if you have any questions.
NC Appraisal Board
5830 Six Forks Road
Raleigh, NC 27609
Phone (919) 870-4854
Fax (919) 870-4859
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If you have received one of these emails and have not received full payment from them, you can file a claim against their bond. Attached you will find information on how to do so. We urge you to file a claim as soon as possible as the bond is only for $25,000, and once that limit is reached no more claims will be paid. In addition, you may want to contact the lender for the assignment to see if they might be willing to pay the rest of the invoice.
Please contact Appraisal Board staff if you have any questions.
NC Appraisal Board
5830 Six Forks Road
Raleigh, NC 27609
Phone (919) 870-4854
Fax (919) 870-4859
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