28th October 2011

Appraiserloft – $3M in unpaid appraiser fees

posted in Appraiser News |

Hopefully you were not one of the thousands of appraisers stuck with unpaid invoices from AppraiserLoft after they unexpectedly closed their doors without any notice or explanation.

According to HousingWire, some feel that appraisers should go after the lender to recoup appraisal fees that might have already been paid out to AppraiserLoft.

I know on my message board we have come up with a few ideas from going after the homeowner who will in turn pressure their mortgage brokers and lenders. Others have suggested going after the bond issued in the state the AMC was required to provide appraisal management services.

After receiving numerous calls for help from fellow appraisers, I have posted a few different articles on my blog about this issue. If you need assistance, please read the posts as well as the comments from other appraisers stuck in this situation.

Hopefully we can work together to get this resolved and appraisal invoices paid.

Good luck out there! Make sure to listen to my recent podcasts as well!

Bryan Knowlton

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