Nicholas Conteduca, an appraiser owed over $30,000 and founder ofĪ place for appraisers with unpaid fees, reports that Reese told him thatĬhase will not make any decisions about paying unpaid fees to appraisers Regulators have been indifferent to the problem.Ĭhase is directing inquiries to Brian Reese, a Regional Manager of the Many appraisers have filed complaints with the Office of theĬomptroller of the Currency (OCC) and the Consumer Financial Protection Most of work, to make good on the AMC’s unpaid debts.
Since Working RE first reported on this in early 2013, the appraisers andĪgents affected have been pressuring Chase, the lender who hired ESA for Listed as debtors, making it the most devastating and farthest reaching AMC Handling the bankruptcy proceedings, over 10,000 individuals and firms are According to theīankruptcy documents filed by Stutsman, Thames and Markey P.A., the law firm With millions in unpaid invoices for appraisals andīroker price opinions (BPOs), it is the worst of a growing number ofĪppraisal management company (AMC) failures that have left appraisers Services (ESA) declared bankruptcy, leaving thousands of real estateĪppraisers, agents, and brokers with unpaid invoices for work performed.
In January, Evaluation Solutions/ES Appraisal Estimates it could be exposed to equitable claims of more than ten thousandīrokers, agents and/or appraisers in Evaluation Solutions' network forĪccounts payable by Evaluation Solutions.
0 kommentar(er)
