https://appraisersforum.com/forums/threads/coester-shut-down-accounts-seized.221670/

Good luck getting paid.

reported Coester to the Pa banking Commission, Pa State license board, the lender that used them and FHA. Finally after waiting 5 months we received our payment. Then last week they called our office with an order. After laughing out loud at the person on the other end of the line  we declined the order. She begged and begged. Still said no. Boy am I glad. 

Clarocity is physically located in California.

http://brea.ca.gov/html/OnlineServices.html

You will likely find BREA (new name for OREA) simply doesn’t care whether AMCs can pay their bills or not; OR whether they actually do pay their bills. Good luck!

Hello Anna, Rachel is a respected appraiser blogger that is also an SRA. She is a frequently published appraiser and has a well deserved reputation for honesty and objectivity. I suspect Ms Trice was on her best public behavior, and that is all Rachel is saying. She’s not endorsing her or her companies.

Rachel’s more recent background has largely been from the perspective of appraisal reviewing. Her views may vary slightly from some of our [independent fee appraisers] own but I’ve never seen a hint of less than top notch ethics and strong appraisal knowledge. She is working toward preserving the same high standards that most of us are. I think she is still fully deserving of our respect. Respectfully, lets try not to make enemies of friends. There aren’t all that many willing to speak out and risk personal and professional reputations in the pursuit of bettering our profession. Just my personal opinion.

WHAT THE HELL IS THIS NOW?  ABSURD.  I am headed to the licensing board in the morning.  Thank you for making me aware of what has been going on Marion.  Have you read back into this board. My lord, some foul mouths but even worse, all these stockholders can’t get ahold of anyone from the company either.

Ooops they did it again
https://www.stockhouse.com/companies/bullboard?symbol=v.cly&postid=28757328

Read it and weep. Not enough money to pay appraisers.
 
And they do trade over the counter here as US OTC MKTS: CLRYF
and Canada as Canada: TSX Venture V.CLY
 

Naw,

They trade both in the US as CLRYF:USOTC US

https://www.bloomberg.com/quote/CLRYF:US

and Canada CLY Canada: TSX Venture

https://www.marketwatch.com/investing/stock/cly?countrycode=ca

and V.CLY – Canada

https://www.stockhouse.com/companies/bullboard?symbol=v.cly&postid=28757328

And this post says they owe appraisers much more than they can pay them.

https://www.stockhouse.com/companies/bullboard?symbol=v.cly&postid=28757328

Nahhhh – any defrauded investors would be Canadian since their stock wasn’t good enough to sell in USA.

Besides, if they didn’t get sued for defrauding investors under the ZAIO scam, they’ll probably slip through on this one too.

I’m still waiting for an explanation from TAF as to how Durbin was ever a board member there….then again I never got an explanation about the Mexican National Business Valuator (non citizen) that was on a board there either.

No wonder Rachel Appraiser reported Ms Trice was sooo congenial to appraisers at the Expo meeting over the weekend. I held my tongue and did not post that Madame Trice must be reading some writing on the wall to lower herself to kiss up for something. Doesn’t fool me. I knew it! Sometimes we should forgive… but once trust is stolen…. NEVER forget. And don’t waste time kissing up to anyone.

Thank you George, that means a lot to me coming from you. (For those that don’t already know it, George is the President of the California Coalition of Appraisal Professionals). If you are a California appraiser and not already a member I encourage you to join…right along with your Appraisers Guild Membership! *G*

IF Coester is beyond the agreed payment period I would strongly encourage that you contact the client directly and remind them that ASC and the Feds see NO DAYLIGHT between them as the lender-client and their selected AMC. None.

1. Send a demand for payment letter to the lender and explain that their agent has failed to pay for professional services on their behalf as agreed;
2. IF your state has an AMC law file a complaint immediately.
3. If the lender does not get you paid within about three to five days, then file a complaint against THEM with the state AND their regulatory agency. I guarantee they have charged the borrower or debited their closing statement (unless they are like AMROCK or similar firms that may pay for appraisals)

Ken, as you said-you are late to the post. Document all your contacts with CoesterVMS.

This time around they defrauded stock investors instead of just swindling appraisers and consumers of mortgage lending services. Serious legal charges are hopefully forthcoming.

This crap ends when Appraisers stop extending credit to companies they know nothing about. You try getting an unlimited credit plan, 30-60-90 days same as cash, without filling out a credit application. Doesn’t work for you, yet, you let it work for them.

Stop it. Just stop it. It’s not 1940. Appraisers, get these companies to apply for credit with you, before you extend credit to them. Else, it’s payment at the time of service, just like every other “service” company out there.

Ernie the Valuation Visionary for 2018. Oh, and the joint is run by Shane Copeland, and that Makker guy from Appraiser Loft is there, along with one of the original Zaio guys.

I wouldn’t look for too many of them today and tomorrow, as it’s Expo time. Appraiser party in the middle of the one year remembrance of the LV mass murder. They might be donating blood or something.

That is only part of the story. The Trice’s are up in this as well. Carol Trice is (or was) their chief reviewer, and her sister Joan gave Ernie Durbin some sort of award for being a visionary. Good luck getting your money.

This is absurd! I don’t know if I should be rolling on the floor or absolutely flabbergasted. My my my. . . looks like I did not know what I had gotten myself into. Am I reading this correct. This is the same Bill Waltenbaugh from AppraiserLoft, who left us out in the cold a decade ago? The band has re-united for another tour?  Dads, Moms, Sisters, Brothers, Children. It’s a family affair!

Kissing those fees goodbye I suppose.

My office had a pretty steady stream coming my way, in addition to some 2055’s for a federal client but then *poof*, nada. Very frustrating.