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Welcome to VaCAP

Welcome to VaCAP VaCAP works to promote the appraisal profession and its image to elected and appointed public officials in the Commonwealth of Virginia, the users of appraisal services, and the general public. VaCAP initiates discussion and analysis of issues affecting professional appraisers and monitors the actions of State governmental bodies with the intent to… Read More »

Questions Will be Asked….

  HB 3619 has been referred to the House Financial Services Committee VaCAP has learned over the weekend that HB 3619 has been introduced in the US House of Representatives. HB 3619, Short titled “Appraisal Reform Act of 2019”  amends the Financial Institutions Reform, Recovery and Enforcement Act. The main change to  FIRREA  deals with… Read More »

Nonsensical

  Is going deeper into debt the way to get out of debt? Bloomberg has reported Stearns Lending LLC has filed for Chapter 11 Bankruptcy.  Stearns blames rising interest rates as the cause for the $1.16 billion in liabilities and has only 1.22 billion in assets. The restructuring of Stearns involves acquiring a $35 million… Read More »

Bounced Checks

VaCAP has learned that another AMC might be having financial difficulties. There are conversations currently taking place in two appraiser groups on Facebook. The discussions are in 100% Real Estate Appraisers and Appraisal Client Search and revolve around a bounced check from an appraisal management company.  The comments are varied and some are stating they… Read More »

Freedoms

Most Americans associate July 4th with fireworks, barbecues and vacations.  Sure, we all know July 4th is about freedom and independence, but is that the first thing that comes to mind when someone says July 4th?  Since the Declaration of Independence was signed 243 years ago, the United States has grown, not only in population,… Read More »

Breaking News: Moratorium Requested

VaCAP has learned the US House Financial Services Committee has concerns over  Cryptocurrency and has requested a moratorium of Facebook until regulators and Congress have an opportunity to examine the issues and take action to protect consumers. “Because Facebook is already in the hands of over a quarter of the world’s population, it is imperative… Read More »

Final Hours to Post Comments on Town Hall

There are only 12 hours left to post your comments on Town Hall.  At midnight tonight, the  public comments will be disabled and you will not be able to post your comments. If you have not done so, please do it now. Public comments are the best way  for the Virginia Real Estate Appraiser Board… Read More »

Last Call to Post Comments of Town Hall

  The time is almost up to post your comments on Town Hall concerning the Hybrid Appraisals Guidance Document.  Virginia is on the forefront of the issue and the comments will help shape the Virginia Real Estate Appraisal Board’s decision concerning these products. From what we have observed in the comments, public trust and credibility… Read More »

Breaking: CoesterVMS Back in the Spotlight

Just when you put something into long term memory, it reappears. VaCAP was informed the Court case Skapinetz vs CoesterVMS.com has been decided. The Judge has ordered summary judgement in favor of Mark Skapinetz on all counts. See the court order summary below Thank You for Being Part of VaCAP!