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March 16th, 2009 10:22 PM

Interesting article:

http://www.insidebayarea.com/business/ci_11871436

 

My biggest worry at this time are the AMC's.... unregulated entities.  They keep nearly half of an appraisal fee that is paid by the borrower.  The borrower doesn't know that the $400 appraisal fee they paid, only $200-$250 goes to the appraiser.

The number of licensed appraisers is going down, and will continue to go down due to more licensing requirements and the cut in fees paid.  I'm wondering if I should look into a new career (again).


Posted by Steven Philip Gray on March 16th, 2009 10:22 PMPost a Comment (1)

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