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Appraisers hope for the end of bank-owned AMCs (access required)

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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As more homes go ‘underwater,’ real estate agents enjoy wave of sales (access required)

About 40 real estate agents filed into the Bank of America Home Loans building in SouthPark June 1 for a crash course in short sales, an often-tricky transaction that’s been on the rise in Charlotte. Attorney Jaime Kosofsky and real ...

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Cashing in (access required)

Hold onto your wallet. It might be an antique in a few years. The world of online banking is not new, but now three of the industry’s biggest players, including Charlotte-based Bank of America, have joined forces to make money ...

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