ES Appraisal Services - Appraisers Blogs https://appraisersblogs.com/tag/es-appraisal-services-2/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 18:21:13 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 ES Appraisal Services - Appraisers Blogs https://appraisersblogs.com/tag/es-appraisal-services-2/ 32 32 52046035 Appraisers, did you Shoot yourself in the Foot? https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers#comments Mon, 30 Sep 2019 12:30:23 +0000 https://appraisersblogs.com/?p=22779 When I explain the rules many of the appraisers start complaining: “An MLS photograph depicts the house at the time it sold so it’s more accurate than my photograph would be”… There’s a lot of yelling and screaming about bifurcated appraisals. Unfortunately, appraisers may have shot themselves in the foot when it comes to this issue. Allow me to provide an analogy to help explain the issue. I’m not sure if this happens in other areas of the country but in Seattle there is a strange “left leaning” way they do things: State and Federal governments perform numerous traffic studies, to...

Related Posts:

The post Appraisers, did you Shoot yourself in the Foot? appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers/feed/ 52 22779 The Reality https://appraisersblogs.com/AMC-business-model-hurting-consumers https://appraisersblogs.com/AMC-business-model-hurting-consumers#comments Fri, 12 Jan 2018 13:30:53 +0000 https://appraisersblogs.com/?p=16171 There is no shortage of appraisers, only appraisers willing to work for Appraisal Management Companies, but there will be a shortage if the current toxic business climate does not change. The AMC business model is based on lies that hurt the consumer and your constituents. There are many voices that have agendas to reduce the qualifications to become a Real Estate appraiser, whether it be a Licensed Appraiser, Certified Residential Appraiser or a Certified General Appraiser. There are also voices that would like the requirements of an appraisal by a person licensed by the state to be waived as there is a...

Related Posts:

The post The Reality appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/AMC-business-model-hurting-consumers/feed/ 36 16171 JPMorgan Chase Not Liable for AMC Appraiser Fees https://appraisersblogs.com/appraisal/jpmorgan-chase-not-liable-for-amc-appraiser-fees/ https://appraisersblogs.com/appraisal/jpmorgan-chase-not-liable-for-amc-appraiser-fees/#comments Fri, 12 Jul 2013 12:30:53 +0000 https://appraisersblogs.com/?p=4846 JPMorgan Chase absolved… In a June 27 ruling, the U.S. Bankruptcy Court for the Middle District of Florida permanently absolved JPMorgan Chase of all liabilities for fees due to appraisers as a result of the closure and bankruptcy of Evaluation Solutions, an appraisal management company that provided services to JPMorgan Chase. The court’s decision resulted from an action brought by the bankruptcy trustee, Summit Financial Resources, and by JPMorgan Chase that requested the court approve a settlement to be paid from the assets of the bankruptcy estate to Summit for a loan made to Evaluation Solutions. The loan had been...

Related Posts:

The post JPMorgan Chase Not Liable for AMC Appraiser Fees appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/jpmorgan-chase-not-liable-for-amc-appraiser-fees/feed/ 1 4846 ESA Bankruptcy, Chase Culprit or Victim? https://appraisersblogs.com/appraisal/esa-bankruptcy-is-chase-to-blame-or-a-victim/ https://appraisersblogs.com/appraisal/esa-bankruptcy-is-chase-to-blame-or-a-victim/#comments Fri, 28 Jun 2013 14:20:42 +0000 https://appraisersblogs.com/?p=4779 ESA Bankruptcy, Is Chase to Blame or a Victim? I find myself offering thoughts about many strange and unusual situations involving appraiser E&O and risk management in general, but today may be the strangest subject of all – why it appears Chase did nothing wrong in the ESA bankruptcy case. Don’t misunderstand this as meaning I like Chase in the slightest. I strongly disapprove of what Chase has done and continues to do to appraisers using blacklisting, strong-arming, and filing state licensing complaints to force its will on the appraisal profession. I find much of what Chase has done as...

Related Posts:

The post ESA Bankruptcy, Chase Culprit or Victim? appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/esa-bankruptcy-is-chase-to-blame-or-a-victim/feed/ 3 4779 Washington State Raises AMC Bond Requirement to $100,000 https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/ https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/#comments Thu, 06 Jun 2013 12:30:00 +0000 https://appraisersblogs.com/?p=4736 As a direct result of the recent financial failure of appraisal management companies like Evaluation Solutions and ES Appraisal, the State of Washington recently enacted a new law raising the state’s AMC bond requirement from $25,000 to $100,000.  As of July 28, 2013, all AMCs registered in Washington will be required to carry a bond in the new amount. One of the purposes of the bond is to provide security for payments owed to appraisers by AMCs. If an AMC fails to pay an appraiser in accordance with Washington’s requirements, the appraiser then may have a claim against the AMC’s bond....

Related Posts:

The post Washington State Raises AMC Bond Requirement to $100,000 appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/feed/ 1 4736 Stop Chase from Filing Bar Order https://appraisersblogs.com/appraisal/stop-chase-from-filing-bar-order/ https://appraisersblogs.com/appraisal/stop-chase-from-filing-bar-order/#respond Wed, 22 May 2013 12:30:55 +0000 https://appraisersblogs.com/?p=4618 If you were affected by the bankruptcy of ES Appraisal Solutions then this is a must for you. JP Morgan Chase is filing a request for entry of Bar order with the Florida Courts. What this means is that JP Morgan Chase is trying to settle for $2,316,000. They then would not be liable for any other lawsuits or claims against them in the future regarding any appraisals or BPOs completed. Which means we will NEVER see a dime from the money owed to us. The deadline to file this objection of the bar is May 24th, which means we...

Related Posts:

The post Stop Chase from Filing Bar Order appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/stop-chase-from-filing-bar-order/feed/ 0 4618 ES Appraisal Settlement with Chase https://appraisersblogs.com/appraisal/es-appraisal-settlement-with-chase/ https://appraisersblogs.com/appraisal/es-appraisal-settlement-with-chase/#respond Wed, 22 May 2013 12:00:08 +0000 https://appraisersblogs.com/?p=4636 It has come to my attention that the attached settlement is being proposed to the BR Trustee in the ES Appraisal case and thought that it was important that the information be passed along to whomever might need it since many of our members have been affected. Please forward to whomever you believe might be owed fees in this case. I would recommend that anyone do their own research on this as I am only passing along information that was given to me third hand. It is the belief of others that this agreement will forgo millions of dollars in...

Related Posts:

The post ES Appraisal Settlement with Chase appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/es-appraisal-settlement-with-chase/feed/ 0 4636 Forecasting Your Appraisal Business https://appraisersblogs.com/appraisal/forecasting-your-appraisal-business/ https://appraisersblogs.com/appraisal/forecasting-your-appraisal-business/#respond Fri, 29 Mar 2013 12:30:29 +0000 https://appraisersblogs.com/?p=4395 Improving your financial management through cash flow forecasting Memorize this statement: “Cash flow is the lifeblood of all businesses.  Without cash flow your business will die.” I stress this statement often when I talk to appraisers during conferences, meetings, and webinars. Why? Because you are a small business owner first… and an appraiser second! Appraisers do a remarkable job and take great pride in their appraisal work. I recommend that you also take this attitude and approach towards your appraisal business, particularly your cash flow. What Is Cash Flow Forecasting? Cash flow forecasting is defined as planning what cash will come into the business in...

Related Posts:

The post Forecasting Your Appraisal Business appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/forecasting-your-appraisal-business/feed/ 0 4395 Bankruptcy Declared by AMC https://appraisersblogs.com/appraisal/amc-declares-bankruptcy-what-appraisers-need-to-know/ https://appraisersblogs.com/appraisal/amc-declares-bankruptcy-what-appraisers-need-to-know/#respond Fri, 08 Feb 2013 12:30:51 +0000 https://appraisersblogs.com/?p=4048 AMC Declares Bankruptcy: What Appraisers Need To Know You received a letter in the mail informing you that your client has filed for bankruptcy.  It is this moment you realize that this bad news just became your problem. Many of us are familiar with the recent bankruptcy filings of Evaluation Solutions and its subsidiary ES Appraisal Services. Peter Christensen, attorney and general counsel to LIA Administrators & Insurance Services, shared in his blog that the total unpaid fees to appraisers, agents, and brokers as listed in bankruptcy documents is $11,048,411.97!  This is a remarkable amount.  Evaluation Solutions’ bankruptcy documents accounted for...

Related Posts:

The post Bankruptcy Declared by AMC appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/amc-declares-bankruptcy-what-appraisers-need-to-know/feed/ 0 4048 Evaluation Solutions Failure https://appraisersblogs.com/appraisal/evaluation-solutions-llc-the-anatomy-of-an-amcs-failure-and-why-lenders-should-care/ https://appraisersblogs.com/appraisal/evaluation-solutions-llc-the-anatomy-of-an-amcs-failure-and-why-lenders-should-care/#comments Wed, 30 Jan 2013 12:30:46 +0000 https://appraisersblogs.com/?p=3988 Evaluation Solutions, LLC: The Anatomy of an AMC’s Failure and Why Lender’s Should Care Last week, I had the pleasure of speaking to the Collateral Risk Network about lender oversight of appraisal management companies. With that exciting topic as my general theme, I chose to address the specific issue of AMCs failing to pay independent contractor appraisers for appraisals ordered by the lender-client (and also failing to pay agents and brokers for BPOs). This issue has been brought to the forefront of many appraisers’ minds and bank accounts by the recent failure of two large AMCs: National Real Estate Information...

Related Posts:

The post Evaluation Solutions Failure appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/evaluation-solutions-llc-the-anatomy-of-an-amcs-failure-and-why-lenders-should-care/feed/ 2 3988 Deadbeat AMCs – FBI Wants to Know https://appraisersblogs.com/appraisal/deadbeat-amcs-fbi-wants-to-know/ https://appraisersblogs.com/appraisal/deadbeat-amcs-fbi-wants-to-know/#comments Mon, 28 Jan 2013 12:00:28 +0000 https://appraisersblogs.com/?p=3968 We are passing along this message from Dave Towne: “Ivor Hill has been working with the FBI. Today (1/24/13) the FBI collected all the files he had for JVI and appraisers that are owed money.” “He has asked to ask everyone, and that they ask everyone they know, to spread word that if anyone is owed money from ES Appraisal or any other AMC that went out of business without paying for appraisals to please contact him.  He is putting together information directly for FBI investigations.” Please tell your friends to contact Ivor at: ijh@ijhill.com

Related Posts:

The post Deadbeat AMCs – FBI Wants to Know appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/deadbeat-amcs-fbi-wants-to-know/feed/ 3 3968 Filing a Complaint Against ES Appraisal Services https://appraisersblogs.com/appraisal/filing-a-complaint-against-es-appraisal-services-with-arizona-board-of-appraisal/ https://appraisersblogs.com/appraisal/filing-a-complaint-against-es-appraisal-services-with-arizona-board-of-appraisal/#respond Wed, 02 Jan 2013 19:03:58 +0000 https://appraisersblogs.com/?p=3738 Filing a Complaint Against ES Appraisal Services With Arizona Board of Appraisal The Board of Appraisal has received information that ES Appraisal Services, registration #40150, has filed for Chapter 7 bankruptcy and is closing its doors for business. If you have an open invoice on an appraisal completed for ES Appraisal Services in Arizona, which is past the 45 days required by statute, please file a complaint with Rebecca Loar at the Board of Appraisal by January 11, 2013. A.R.S § 32-3675. Payment EXCEPT IN CASES OF BREACH OF CONTRACT OR SUBSTANDARD PERFORMANCE OF SERVICES, EACH APPRAISAL MANAGEMENT COMPANY SHALL...

Related Posts:

The post Filing a Complaint Against ES Appraisal Services appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/filing-a-complaint-against-es-appraisal-services-with-arizona-board-of-appraisal/feed/ 0 3738 Evaluation Solutions Closes Its Doors https://appraisersblogs.com/appraisal/evaluation-solutions-closes-its-doors/ https://appraisersblogs.com/appraisal/evaluation-solutions-closes-its-doors/#comments Thu, 27 Dec 2012 17:01:12 +0000 https://appraisersblogs.com/?p=3732 Evaluation Solutions, ES Appraisal Services in bankruptcy… Another AMC is closing its doors. Evaluation Solutions, ES Appraisal Services is in bankruptcy. Appraisers who have been inquiring about money owed to them, are receiving emails stating “Due to unforeseen circumstances Evaluations Solutions, ES Appraisal Services is ceasing operations” and “any inquiries should be directed to Bradley R. Markey…” The following is a letter from their bankruptcy attorney, Stutsman Thames & Markey, P.A.: Our firm has been retained to file a Chapter 7 bankruptcy proceeding for the company. Evaluation Solutions lost its major client earlier this week and was forced to shut...

Related Posts:

The post Evaluation Solutions Closes Its Doors appeared on Appraisers Blogs.

]]> https://appraisersblogs.com/appraisal/evaluation-solutions-closes-its-doors/feed/ 7 3732