Skapinetz versus Coester
BREAKING: David versus Goliath Redux: Skapinetz versus Coester – Case Direction Favors Underdog
Court Refuses to Dismiss Lawsuit That Coester and His AMC Hacked Appraiser Mark Skapinetz’s Emails
My colleague and friend, Georgia appraiser Mark Skapinetz, sued COESTERVMS.COM, INC. and BRIAN COESTER in the U.S. District Court for the District of Maryland last year for hacking his email account. Here is the evidence submitted. Coester subsequently filed a motion to dismiss. On February 9th, U.S. District Judge Paula Xinis Denied The Motion to Dismiss for 3 of the 5 claims and the lawsuit will move forward.
I find this whole matter very compelling – especially with Brian Coester & Co. representing the most prevalent and controversial AMC model – begins to crack. You know, the one where the mortgage applicant pays an “appraisal fee” at time of application, not knowing that the actual appraiser gets 50% or less than that market-rate fee. Brian Coester – with a trail of bad press, pushing the false narrative of an appraisal shortage and good PR as a charitable fundraiser protected by industry media gets “caught” by an independent fee appraiser for hacking the appraiser’s email. You get a better gauge of the Coester legacy when you read this AppraisersBlogs post: Scheer Motion to Dismiss Coester vs Scheer Lawsuit.
Why does this process of outing the bad AMC players take so long? Al Capone was brought down for tax evasion rather than what he actually did for a living. Is this situation, aside from the gambling, prostitution, bootlegging, bribery, narcotics trafficking, robbery, “protection” rackets, and murder part, any different?
Based on Skapinetz’s success in convincing the court to proceed on the meat of the lawsuit, I suspect this is going to result in a substantial settlement that CoesterVMS may or may not have the funds to pay. To all appraiser vendors of CoesterVMS: you may want to take a look at your accounts receivables for this client and start calling today.