Wanted: Angry Appraisers – BankRape
Experienced residential appraisers have spent the past 30 months wishing for change and wondering if it would ever come. Most were fooled into believing that justice could be found by writing to politicians, signing petitions, and waiting for their state agencies and appraisal organizations to fix the problem. Nearly two years passed and the remaining appraisers continue to tread water while scanning the horizon for signs of a rescue. Appraisers awakened on April 1, 2011 (Appraiser Fool’s Day) with renewed hope, only to find that the tiny clause within Dodd Frank, “customary AND reasonable fees” had been altered at the last minute to read “customary OR fair fees”. Once again, a loophole had been created by the banking lobby to prolong the life of the golden goose that created under HVCC. BankRape.com was created with experienced appraisers in mind; those who were given the option of working for pre-certification level fees or finding new careers. The original intent of our site was to simply create a gathering place for appraisers who were interested in boycotting low fee orders. Work began on the project shortly after the April 1st kick in the teeth mentioned above. The documentary Inside Job enlightened us to the power of alternative media sources. This option would not only add to the impact of a “proposed” boycott, it would eclipse it on it’s own. Hence, the idea of the BankRape documentary was born.
The primary goal of the project is to produce a professional documentary to expose the crime of BankRape to the public; a crime that the national media has for the most part chosen to ignore. The beauty of a documentary is that it can convey the entire story of how a profession was brought to it’s knees through the blackmailing of two government entities. This is indeed a complex story of blackmail, legalized extortion, greed, & backroom political deals. The fact that it involves a prominent national politician makes it even more incredible. For appraisers, the nightmare of the story pales in comparison to the reality they are forced to deal with each day.
The secondary goal of the project is to provide appraisers and other victims of BankRape with alternate income choices. This portion of the project is still under development; we are however accepting ideas from individuals who have made successful transitions into other careers which we will post online.
The third goal of the BankRape project is to raise the funds necessary to end Andrew Cuomo’s political career. Although there is a limit on campaign contributions, there are no limitations on the amount of funds that a private entity can spend to support or oppose their candidate of choice. As most of you know Cuomo was the political puppet of choice for the banking industry with regard to the HVCC fiasco. The Home Valuation Code of Conduct was conveniently designed to expire just as Mr. Cuomo was about to enter the New York Governor’s office then sprang back to life immediately afterwards as part of the Dodd Frank legislation. The current appraisal ordering system continues to render appraisal businesses as worthless. Experience has no value as AMCs prefer to train new appraisers from scratch. Amazingly the ability to increase AMC profits by slashing fees & cutting corners continues to be rewarded.
“Our method of fundraising and the intended use of the film’s profits are as newsworthy as the film itself.”
This film provides BankRape victims with the opportunity to raise awareness of the crime that was committed against them. Similarly it provides a way to end the daily violations that they have endured for nearly three years. Lastly, it provides them with the means to end the political career of the one person who should be held responsible for blackmailing of FNMA & Freddie Mac. We urge appraisers, Realtors, mortgage brokers, homeowners, & home buyers to help themselves by both contributing and becoming Fundraising Partners. Although this is a nonprofit venture for the organizers we are hopeful that it will become very profitable for BankRape victims in terms of ending the rape.
We are not connected with the Wall Street Movement in any way. We are however amused that documentary producer Michael Moore has suddenly become interested in the Wall Street Movement. We are similarly amused that 22 year Molly Katchpole was able to single handedly reverse planned bank fee increases at major banks (such as Bank Of America) by simply creating an online petition. These recent developments should inspire BankRape victims and provide them with the confidence that change is possible when you bring intelligence and organization to the table. BankRape.com was created for those who are ready to force change rather than rely upon the very politicians who turned them into victims. The platform is yours to use as you please as we are open to new ideas, new articles, etc. The one thing we cannot provide is effort on the part of victims. The success and failure of this effort rests squarely upon the shoulders of those who were violated but with appraisers in particular.
Wanted: Angry Appraisers
Must have a willingness to contribute, participate in fundraising. Must have an appreciation for the power of social media, the Internet, and new distribution methods within the entertainment industry. An entry level understanding of guerilla warfare is a plus as well as a strong desire to win. Apply at: BankRape.com
By David Feather aka Retired Appraiser