By Payton Guion, staff writer
Published: April 30,2013
Last fall, a company called ES Appraisal Services, based in Florida, went bankrupt. That the company went under isn’t unusual, as companies fold every day. But ES was the latest of three appraisal management companies that went out of business recently, all with the same troubling trend for real estate appraisers.
By Scott Baughman
Published: December 27,2011
In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.
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