Western Surety Company - Appraisers Blogs https://appraisersblogs.com/tag/western-surety-company/ Appraisal News and Tips for Real Estate Appraisers Wed, 20 Sep 2017 23:10:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Western Surety Company - Appraisers Blogs https://appraisersblogs.com/tag/western-surety-company/ 32 32 52046035 A Defunct AMC’s Bond https://appraisersblogs.com/defunct-tcvaluations-amc-surety-bond https://appraisersblogs.com/defunct-tcvaluations-amc-surety-bond#comments Wed, 20 Sep 2017 12:30:46 +0000 http://appraisersblogs.com/?p=15410 What happens after you file a claim against a defunct AMC’s bond? One appraiser has shared the response received from Western Surety Company, the company that issued the surety bond on TCValuations. “Western Surety Company is in receipt of several claims to date. If the amount of claims exceeds the penal sum of the bond, Western Surety Company will be required to do a pro-rata distribution of funds or file an interpleader action. In an interpleader action, the court will decide the amount that is due each individual claimant and generally represents a pro-rata amount of each individual claim based on the total...

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