What is the name of your state (only U.S. law)? VA
Got a question. If anyone is familiar with AMC's (appraisal management companies) this is where 70% to 90% of all appraisals are being ordered through. They hire the appraiser for $175-$250 and charge the lender/borrower $400-$600 and keep the difference. The Frank-Dodd bill
Dodd?Frank Wall Street Reform and Consumer Protection Act - Wikipedia, the free encyclopedia
supposedly mandates appraisers be paid C&R fees as of April 1, 2011. Does anyone see any reason they WILL pay C&R? Alamode posted a fee survey here:
http://www.mercuryvmp.com/documents/Free_AFR_February_2010.pdf?ClickID=AFRDOWNLOAD&ClickThruEmail=&ClickThruCustomerNumber=0
What if they don't pay C&R what recourse would an appraiser/group of appraisers have?
Im a noob so be gentle if I am way off asking this type of question. No lawyers available on an appraisal forum I frequent and C&R has been hotly debated for months now. Any input is appreciated.
Got a question. If anyone is familiar with AMC's (appraisal management companies) this is where 70% to 90% of all appraisals are being ordered through. They hire the appraiser for $175-$250 and charge the lender/borrower $400-$600 and keep the difference. The Frank-Dodd bill
Dodd?Frank Wall Street Reform and Consumer Protection Act - Wikipedia, the free encyclopedia
supposedly mandates appraisers be paid C&R fees as of April 1, 2011. Does anyone see any reason they WILL pay C&R? Alamode posted a fee survey here:
http://www.mercuryvmp.com/documents/Free_AFR_February_2010.pdf?ClickID=AFRDOWNLOAD&ClickThruEmail=&ClickThruCustomerNumber=0
What if they don't pay C&R what recourse would an appraiser/group of appraisers have?
Im a noob so be gentle if I am way off asking this type of question. No lawyers available on an appraisal forum I frequent and C&R has been hotly debated for months now. Any input is appreciated.
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