Nc To Use VA Fees For C&R

[sandpiperapp]

Virginia adopted something similar a little while back. What is happening there?

 

[BRCJR]

Virginia adopted something similar a little while back. What is happening there?

Fees offered and paid by AMC's went up. They actually starting having issues finding
Appraisers to work with until the fee agreed upon increased.

 

[sandpiperapp]

Have there been any cases where the AMC was reported and disciplined for paying below the VA schedule?

 

[sandpiperapp]

Its nice to have a formal statement stating that the VA schedule is the benchmark, but the bottom line is, it is still up to the individual appraisers to not accept lowball fees.

 

[Eli]

This post perfect reflects the level of your intelligence and sanity

You don't even know who the Federal Trade Commission is do you?

 

[Eli]

Timd is worried about his buddies or his retirement when a Govt takes it!!!!!!

 

[Eli]

North Carolina may own Timd's retirement if the Federal Trade Commission don't. Louisiana will get their share and Virginia. Better diversify Timd.

 

[BRCJR]

Have there been any cases where the AMC was reported and disciplined for paying below the VA schedule?

Not that I have read about.

 

[Eli]

I have never worked with or been associated with any AMC in any capacity ever and I just told you that I don't like how the regulations were written, but they are what they are.

There is no such thing as a baseline based on VA fees that an AMC is required to use. While it is true that an AMC can avoid any question about C&R by adopting the VA fee schedule in a given area, this certainly is nothing new and certainly is not a requirement that an AMC must adhere to.

Putting out false hope and claiming that things have changed when there really has been no change is not a good thing. Putting out false hope that the government and the regulators are going to save appraisers as a group from themselves when it comes to low fees is also not a good thing.

Sometimes reality stinks, but the fact that you (and I) don't like it does not change it.

You are saying what a government does has no meaning?

Are you an idiot?

Do you work in NC? What AMCs do you work with that work in NC, LA. Or VA?

 

[timd354]

North Carolina may own Timd's retirement if the Federal Trade Commission don't. Louisiana will get their share and Virginia. Better diversify Timd.

Please explain how NC or the FTC get there hands on my retirement which is my private property in the form of some well funded 401K, IRA accounts and stocks? I am not in North Carolina, not a citizen of NC, and am not personally subject to NC's jurisdiction. I also do not personally engage in any interstate or consumer trade that would make me personally subject to the FTC's oversight and in any case the government has no ability to just come in and seize my private property.

You live in a seriously demented fantasy world.

By the way, I work for an MI company and we do not order any origination appraisals through an AMC or any other source, so so it is pretty difficult to figure out how me or my company would be subject to any sort of AMC laws and regulations.