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Vendor agreements with "hold harmless"

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read 2008 Agreement Sections 9, 10 & 12
 
Pamela Crowley (Florida) said:
That is correct!
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Have you considered posting the exact steps for an appraiser currently with an AP account, used recently or not used for a very long time, to withdraw from the AP system and revoke all current or future application of any prior agreements?
 
Webbed Feet said:
Have you considered posting the exact steps for an appraiser currently with an AP account, used recently or not used for a very long time, to withdraw from the AP system and revoke all current or future application of any prior agreements?
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Good question WF.

Another issue, how does the new agreement work when the appraiser sends only PDF files through AP? Is there a difference between sending PDF files vs. AI Ready or is the appraiser screwed either way???
 
From a very highly qualified appraiser:
Many appraisers just do not get the ramifications of signing this agreement. I sent it to my attorney and was advised not to sign such a one sided and onerous agreement.
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I have written evidence that other large AMC are converting your formerly locked .pdf appraisal reports into AIReady and sending them to FNC. If they are doing this, I just don't really know what might happen through any of these AMCs and other portals.
 
TJSum said:
Good question WF.

Another issue, how does the new agreement work when the appraiser sends only PDF files through AP? Is there a difference between sending PDF files vs. AI Ready or is the appraiser screwed either way???
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Screwed either way - by sending ANY files through, by using the port for ANYTHING (including paying your bill) after September 12, 2008 - you have AGREED to their terms and that very onerous agreement. Also would preclude you from any possible enjoining with the current suit.

The wiser course is to go directly to your clients, give them the LIA letters posted here, give them the port agreement, give them the links posted to Appraisalscoop and Working RE and give them the Judge's ruling on this case as it now heads to a courtroom. Discovery, anyone?

This may be the first suit against them but is likely to not be the last. By clicking that "agree" button, you set yourself up to help pay THEIR costs on the NEXT one. If you are unsure of the course you should take, also take all of this to your attorney - immediately. And notice - LIA is NOT saying "it's ok to sign if you don't use AIReady".
 
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Just heard from a highly experienced and respected appraiser that has sent Fannie Mae an email to decline 15 REO appraisal orders due to the FNC contract that he will not sign, especially since his own attorney stated there is no way he should ever sign anything like it.
 
Pamela Crowley (Florida) said:
Just heard from a highly experienced and respected appraiser that has sent Fannie Mae an email to decline 15 REO appraisal orders due to the FNC contract that he will not sign, especially since his own attorney stated there is no way he should ever sign anything like it.
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Whoever that appraiser is, HAT'S OFF to you. Now that is someone walking the walk and not just talking the talk.

To qoute Worf from Star Trek........."I ADMIRE gall"
 
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