AMC Bad Debt - Lenders Responsible

Appraiser Kim L. Herzfeldt is mad as hell at being stiffed by AppraiserLoft and by the lender’s refusal to redress the loss. His course of action offers hope and possible precedence for every appraiser who is owed money by an Appraisal Management Company (AMC).

“It felt like your best friend stealing your daughter’s college fund,” says 30-year appraiser Herzfeldt, referring to the cold shoulder he got from his long-time lender/client, when he suggested they take responsibility for the monies owed him by the lender’s “agent” AppraiserLoft- the now defunct AMC.

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