Action | Initial Appraisal Management Company Regulations |
Stage | Proposed |
Comment Period | Ended on 3/28/2014 |
With 20 years experience, I have watched the consequences of the "quickest, cheapest" business practices of most AMCs and the same things that led to the previous housing debaucle are already happening again. We all know the AMCs with the worst track records of hiring the fastest and cheapest with no regard to the long term effects on local Homeowners or the overall economy.
Please follow Louisiana's lead and incorporate that verbiage into the Virginia statute to give the Board more weapons to combat current AMC practices.