Special offer

Email I just got about NY Lawsuit

By
Real Estate Agent with THE BROKER NETWORK OF CENTRAL OREGON, LLC 200306195

Hi,

I just got this survey from a company called Special Asset Mgmt and found the case to be of interest as it pertains to our current crisis and concerns with inflated BPO's and conflicts of interest.  I think it is great that a national hotline is created to report problems with appraisals/valuations and possible conflicts of interest.  I know it is just a few greedy people who fall into this category, but the deeds of just one bad one reflect very poorly on our entire profession.  Click on the link below to see the settlement agreement.  The Independent Valuation Protection Institute creation is of particular interest-hope this will also cut down on BPO abuse.  I hope this is for reals!

 

http://www.specialassetmanagement.com/SettlementAgreement.aspx

Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros
Could not click the link but will cut and paste it later. Thanks for the update
Apr 25, 2008 07:06 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop
Interesting.  A hotline to report appraisers.  I hope it is anonymous.  There is one here in my part of MA that seems to produce the value you need vs the value.  I hope similar ideas spread.
Apr 25, 2008 07:14 AM
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes

Actually, I think it might be something that's needed.

Linda

Apr 25, 2008 07:15 AM
Lorinda Ward
Keffer Realty - Norfolk, VA
Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach
I would love to read this article, cut and paste it is.  Thank you for sharing with us here on Activerain.  Have a great day.
Apr 25, 2008 07:23 AM
Maria Peace
THE BROKER NETWORK OF CENTRAL OREGON, LLC - Bend, OR
MBA, GRI
Sorry Lorinda, would love to cut and paste, but afraid about violating copyright laws, etc.  If you just copy and paste the link I sent in your browser, it will take you to the case summary.  Thanks for all your comments everyone. 
Apr 25, 2008 09:01 AM