Meandering
Elite Member
- Joined
- Feb 26, 2006
- Professional Status
- Real Estate Agent or Broker
- State
- Pennsylvania
I've read many of the AMC forums on here where they don't pay the appraiser (Coester). I just can't wrap my head around how this is not out and out fraud? How are this guy and his associates not in jail? Essentially, they cheated a bunch of people and corporations out of money (people- appraisers, corporations- banks).
How the hell can we get sued because someone thinks we didn't pull the right comps (and we all have to have E&O), and these jokers get away with financial murder? It seems like the AMCs are the most insulated from risk in any capacity in the appraisal world.
Come on,
It's "hands off" the financial sector.
Wells Fargo is still working through its regulatory issues after the Federal Reserve reportedly rejected the bank's plan to prevent more consumer abuses. On Tuesday, CEO Tim Sloan said the bank would continue to operate under a Fed-imposed cap on asset growth through the end of this year, months longer than he previously indicated in December.
https://www.cnbc.com/2019/01/14/wells-fargo-earnings-q4-2018.html
But you can trust them, again, do business with them. They almost have a plan in place not to steal from you.
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