Category Archives: Appraisal Practice

It was a Big Day for Appraisers

The Virginia Real Estate Appraiser Board met for its quarterly meeting yesterday. We are happy to report CoesterVMS no longer has a license to operate in Virginia. The Board voted to accept the consent order accepting the voluntary surrender of his license. The Board also passed a motion to draft legislation to be introduced into… Read More »

Umm – There is an Elephant in the Room.

Why is Greed Being Disguised as Economic Growth?  The National Credit Union Association passed the final rule increasing the threshold requiring an appraisal on commercial loans from $250,000 to $1,000,000. This greed is being disguised as economic growth and job creation.  More smoke and mirrors.    From the NCAU press release: “This rule is part of… 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 »

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! Please follow and like us:

Will This be the Next Housing Bubble?

What is it going to take for every appraiser to comment on Town Hall concerning the proposed Guidance Document on hybrid appraisals?  Even if you have no intentions of ever completing a hybrid appraisal, it is important for you to place a comment on Town Hall concerning the document and these questionable products. If appraisers… Read More »

CoreLogic Chief Legal Council Resigns

Last week  VaCAP shared the  DOJ was investigating CoreLogic. Today we learned the Chief Legal Officer for CoreLogic, Arnold Pinkston has resigned. Coincidence or getting out ahead of what is coming?  Time will tell.  Mr. Pinkston has been  Chief Legal Officer since  January 2018.  See the story here. Corelogic’s chief counsel is leaving the company… Read More »

Explosive News: DOJ Goes after CoreLogic!

The Department of Justice has sent a Civil Information Demand  (CID) notice to CoreLogic. The CID  requires CoreLogic turn over documents and answer questions.   The article by Rob Hahn explains that the case revolves around not only the search features of the MLS systems, but the contracts and agreements on the use of MLS data… Read More »

AMC Consents to Negligent Conduct

Yes, you read that correctly! Lenders Allies, LLC, an appraisal management company,  has agreed to a consent order with the Texas Appraiser Licensing and Certification Board (TALCB). On May 1, 2019 Lenders Allies agreed to a final order neither admitting guilt or denying guilt of violations of  Texas law. The case revolved around the investigation… Read More »

AMC being sued for Bifurcation

AMC being sued for Bifurcation! VaCAP was forwarded an article this afternoon by one of our members.  The article from Foreclosurepedia is dated August 15, 2018 and concerns a class action law suit filed by property inspectors. ServiceLink Field Services, a division of ServiceLink is being sued for misclassifying employees. From the complaint filed in… Read More »

What Should an Appraiser Do?

You have accepted an appraisal assignment for a purchase. Your client is the lender. Upon reviewing the sales contract, the following preprinted language is in the sales contract: “This contract is not contingent upon the Property being valued at an Appraised Value according to the Lender’s appraisal or other appraisal as agreed upon by the… Read More »