A recent email circulated among appraisers from a large national appraisal management company stating recent market research of appraisal fees had been conducted and our fees will be changing. The email indicated that some fees increased and some decreased. The email also gave instructions on placing your fee into their system and they will… Read More »
The next Virginia Real Estate Appraisal Board Meeting will be held on July 30th, 2019 @ 10:00 AM. This meeting will be a historic meeting as the board will be discussing the proposed hybrid appraisal guidance document and the corresponding 153 public comments. Also on the agenda, CoesterVMS is listed under the disciplinary cases! Why… Read More »
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 »
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 »
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 »
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!
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 »
Only a few days left to post your comments concerning the hybrid appraisal document on Town Hall. VaCAP can not express enough the importance for each appraiser to voice their opinions. This is our profession and each of us, individually and collectively, are the best ones to advocate for the profession. If you will not… Read More »
VaCAP and 27 other State Appraisal Organizations reached out to the House Finance Services Committee concerning the upcoming Subcommittee meeting entitled “What’s Your Home Worth,? A Review of the Appraisal Industry” on June 20th. The Network stresses the most qualified to testify on the appraisal profession is an appraiser. The letter also outlines some of… Read More »
Who is Up to the Task? Each day we are encountering agents and broker who are unaware of hybrid appraisals. We need to educate them on these products and the risks associated with them. VaCAP is officially challenging you. For the next 10 days, we challenge you to educate 1 person per day about hybrid… Read More »