The latest in a string of appraiser whistleblower lawsuits that highlight unethical and fraudulent practices that violate appraiser independence and perpetuate appraisal fraud.
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The volume of claims we see is down from the dark days following the financial collapse. While there are plenty of state board complaints, the frequency does not seem to be increasing.
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Lenders and AMC are telling me about their frustration with appraisers who “still don’t get it” and are not adapting to the new appraisal protocols.
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Lake appraisal, by its very nature, is complex. There is a lot that needs to be considered, and different areas of the country face different influences.
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Facing denial of its license to operate an appraisal management company (AMC) in the state of Virginia, the AMC Coester VMS has filed a lawsuit against the Virginia Real Estate Appraiser Board alleging that the Board is engaged in “a conspiracy to restrain and monopolize trade” and is operating in violation of federal antitrust…
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