As of today I have at least 5 clients who are either going out of business or who just keep delaying payment on money that they owe to Fog City Appraisal. I've started a more strict policy wherein I no longer do escrow appraisals unless the client is a returning customer. Even then, I'm very careful to do escrow. So watch out. More and more deals are falling through for these loan brokers due to the state of the market.
-Randy
Monday, September 24, 2007
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