“$1,288,000” Paid to a “Favored” Appraiser. Is Valuation Independence Good or Bad for Business? (Part 2)

“He directs thousands of appraisals to a small handful of appraisers who will appraise properties at values requested by Horowitz’s broker and lender clients” That’s what Fastapp’s president alleged under oath about the AMC’s founder. In part 1 of this story, we saw the accusations made by Fastapp’s founder Horowitz Read more…

Bill Introduced in New Jersey to Amend Appraiser and AMC Laws to Include Prohibitions Against Discrimination

Update: A new bill (A-5185) has been introduced in NJ on this same subject with more detailed requirements. A new article has been posted here. New Jersey has become the second state in which legislation has been introduced this year to address current allegations of discrimination in residential appraising. Introduced Read more…