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Found a little jewel while doing light reading

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teh l33t

Sophomore Member
Joined
Oct 22, 2007
Professional Status
Certified Residential Appraiser
State
Texas
Nice to know. Haven't got stiffed on one yet (knock on wood), but surely one day it will happen. Thank you!
 

SAKO MK

Freshman Member
Joined
Jan 9, 2008
Professional Status
Certified Residential Appraiser
State
California
That's Good To Know, I Just Did My First One This Week In Over 5 Years
 

Jasonganem

Freshman Member
Joined
Jan 4, 2007
Professional Status
Licensed Appraiser
State
New Hampshire
I cannot open the link. I did one in July of last year and I have not gotten paid yet. The LO is giving me the run around. The loan never closed and the LO moved to another mortgage company. He does not return my calls. I called his previous employer and went to see him. He gave me a copy of the employment contract with the LO that stated clearly that all appraisal orders have to be COD. if ordered otherwise, it is the sole responsibility of the LO to pay for the report. What should I do?.
 

Ron Little

Sophomore Member
Joined
Aug 19, 2003
Professional Status
Licensed Appraiser
State
California
find out where the scumbag works.. walk in to his office with invoice in hand and the little FHA snippet that Greg found, and a copy of his previous contract and threaten small claims court.. would not hurt to speak to the broker at his new place of business either. be a pest. be a pest be a pest.
 

CANative

Thread Starter
Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
The mortgage company's name was on the appraisal as the client. The employment contract was between the company and the employee. Not between the appraiser and the employee.

Sue the mortgage company. It's their responsibility to pay the appraiser. If they want to recover the money they can sue their employee.
 

Roger Hudson

Sophomore Member
Joined
Jan 21, 2005
Professional Status
Certified Residential Appraiser
State
New York
Sue the L/O in smalls claims court and tack on a LOT for collection costs.
 

hawkeye

Freshman Member
Joined
Feb 26, 2007
Professional Status
Certified Residential Appraiser
State
Florida
Last week I went out to do an inspection, arrangement was made so that borrower (buyer) would meet me at the property for payment. When I finished the inspection buyer had second thoughts and refused to pay me for the appraisal. Said he was not going to buy and did not care that he had a contract. So, would I be able to go after the lender for payment. at least partial payment?
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Greg,

The problem I have heard is not who is responsible but that HUD will do nothing if the lender will not pay. Same thing for VA. If you don't get paid they will not do anything to help you.

How about HUD or VA pulling their credentials if they fails to pay for services they order and are delivered.
 
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