189 55 24
Criminal Charges Brought Against AMC Owner
VaCAP has been informed that AMC owner Brian Coester, of Coester Valuation Management Services (VMS), has new criminal charges filed against him. We have confirmed these charges through the court system public access system: Maryland Judiciary Case Search Criteria
Is Another Financial Scare on the Horizon?
George Will, Washington Post Writers Group, has an interesting column in entitled “America is overdue for another Lehman-Like Episode”.
In this article he stated that the stock market has enjoyed its longest-ever bull run. The article also states that September 15 will be the 10th Anniversary of Lehman’s collapse.
Our annual deficit is projected to be $1.085 Trillion for fiscal 2019. All of this debt mounting in an economy that is great and getting greater!!
The real estate market is an important economic engine for the U. S.economy. We must ask ourselves, do good times die of old age or from a big event or from Bad Policies?
Those of us that have been in the real estate profession for 20+years (yeah we are old codgers) recognize Bad Policies when we see them.
How about builders and lenders that are NOW advertising $0 down and $0 closing costs? Yes they are out there right now. It sounds very familiar!
How about appraisal waivers? How about the hybrids? Is this a return to fast and loose lending?
The Appraisal Foundation Tells it like it is!
In the August 15th letter, The Appraisal Foundation wrote to the Appraisal Subcommittee concerning the North Dakota waiver request:
The longer “wait times” for appraisals claimed in the waiver correspondence may well be because many of these state credentialed appraisers do not want to work under the assignment conditions required and fees currently being offered them.”
See the entire letter here or below.