Category Archives: News

It Was One of Those Weeks….

Things went a bit crazy, but in a very good way! Monday April 29th, VaCAP launched a consumer protection campaign on WRVA 1140 AM News Radio.  Our email and social media accounts  were non stop.  Many of our sister Coalitions in The Network of State Coalitions helped spread the word and shared our Press Release… Read More »

VaCAP Live Saturday Morning

Join VaCAP President Pat Turner Live on The Home Show with Richard McKann!  Discussion will revolve around protecting the consumer . Tune in and  listen on WRVA 1140 AM at 7:30 AM Saturday May 4th  https://newsradiowrva.radio.com/hosts/home-show-richard-mckann To call in with a question, 804-345-1140.   Thanks for Supporting VaCAP!      

Announcements

VREAB Meeting The Virginia Real Estate Appraiser Board Meeting is scheduled for Wednesday May 1, 2019. Please note this is on a Wednesday, not Tuesday, like the other meetings. The Bifurcated Appraisal Guidance document is on the agenda to be discussed.  The meeting will be held at the usual location and start at 10:00 AM. Department… Read More »

No Payment to Appraisers

Last week VaCAP shared information on Clarocity Corporation and how the main investor StableView Assets was seizing the shares and foreclosing on the working assets, which includes Clarocity Valuation Services.  StableView in turn had an agreement to sell Clarocity Valuation Services to I Look About. We warned to proceed with caution or do not proceed… 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 »

Judge Orders Quicken and DOJ/ HUD to Mediation

Going on  over three years now, the  law suit between the Department of Justice and HUD against Quicken Loans was ordered to mediation to settle prior to the upcoming trial start date. The allegation that is the center of the lawsuit,  concerns  loans Quicken submitted to FHA that  did not comply with HUD/ FHA requirements.… 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 »

We Are Excited to Share….

VaCAP is now on Twitter!  This is another step towards our consumer campaign. We will be writing and sharing articles on consumer protection for our members to share with their social media contacts. This is an easy way to educate the consumer on the importance of an independent appraiser. Be sure to like and follow… Read More »

Proceed with Caution

VaCAP has been following the Clarocity Corporation Soap Opera since one of our members had trouble getting paid from them back in November of 2017.  After doing a bit more research on them, we issued a warning to our members in December 2017 to pay attention as Clarocity was in financial trouble. We kept watching… Read More »