The best I've experienced was Homegate/American Home Mortgage going bankrupt. They got me for $11,000 in fees that I know they collected prior to filing but now I have to go thru the bankruptcy procedure to collect. And to chafe the wound, they have chnaged their corporate name and are buying back the business minus the outstanding debt.
Jimbob, I wondered who was doing all those deep discount appraisals for Homegate.
American Home was one of our best accounts until they opened HomeGate. We wouldn't accept the lower fees.
In essence, the bankruptcy just changed the amount of the discount from 25% to 100%. I'm sympathetic anytime an appraiser gets the shaft from the likes of an Americah Home. I'd be even more sympathetic if they were not discount appraisals reports.