30th January 2013

Evaluation Solutions / ES Appraisal Services Stiffs Appraisers of $9,349,612.79

posted in Appraiser News |

Who will be the next record setting AMC to totally rip off appraisers? When will litigation be put in place by state licensing agencies so this can’t happen?

This is the total amount of money owed to appraisers by ES Appraisals from Peter Christensen general counsel with LIA.

That is a HUGE jump from what Appraisers Loft took from hard working appraisers. 3 Million sounded big back then…

Who will be the next Appraisal Management Company to collect fees exceeding $27 Million and never pay the appraisers a dime!

Get all the details and read the entire story at:
http://www.appraiserlawblog.com/2013/01/evaluation-solutions-llc-anatomy-of.html

Peter Christensen is an attorney who advises professionals and businesses about legal and regulatory issues concerning valuation and insurance. He serves as general counsel to LIA Administrators & Insurance Services. He can be reached at peter@liability.com.

Sorry to all the appraisers out there that were taken for a ride. Hopefully something will be done about this in the near future so this doesn’t keep happening every year or so.

Bryan Knowlton
http://www.appraiserincome.com

There are currently 7 responses to “Evaluation Solutions / ES Appraisal Services Stiffs Appraisers of $9,349,612.79”

Why not let us know what you think by adding your own comment! Your opinion is as valid as anyone elses, so come on... let us know what you think.

  1. 1 /*On January 30th, 2013*/, sasa said:

    Hmmmm….open up an AMC, hire a thosand or so appraisers to do appraisal services, take a split fee, hold back their paycheck for 30-60 days net, and then stiff them all and run with the money..best of all, get away with it as appr loft has…..looks like a good way to make a fast buck and beat the system. Hmmmmm

  2. 2 /*On January 30th, 2013*/, M Shook said:

    I agree. This looks like the quickest for professional white collar crooks to make a few hundred thousand or a quick million. Set up an AMC run in for a few months build up your business and then walk away without paying appraisers. With sitting ducks like us appraisers who needs insider trading on the stock market to take a chance on money when this is a sure thing.

  3. 3 /*On January 30th, 2013*/, M Shook said:

    then file bankruptcy and get a little tap on the hand

  4. 4 /*On January 30th, 2013*/, Nate said:

    Maybe Cuomo should pick up this tab?

  5. 5 /*On February 2nd, 2013*/, Rich said:

    They have been slow payers for 9 months, but finally paid after 90 -120 days with multiple calls, that is, until November. They owe me for 2 reports totaling $1,000.00.

  6. 6 /*On February 7th, 2013*/, Deborah Dideum said:

    Thanks for your posts. I looked me up on the filing and the amount listed as owed to me is not quite 1/2 of what they owe me!!??? What a scam.

  7. 7 /*On March 9th, 2013*/, Herma Davis said:

    They owe us over 13,000.

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