Appraisal Matters

We just started taking credit cards. Why? Because private individuals are desperate for appraisals, but don’t have the money to purchase one, we started to take credit cards so we could actually book private people.

We have a lot of partnership breakups, divorces and even hard money lenders who really need a loan, but the owner/borrower is not liquid because of the economy.

I think this development is very significant and shows how tough it is out there for everyone. Our work was 75% lending and 25% other last year. This year that number has changed to 75% other and 25% lending. Our top lending client went from 8-12 cases a month to 1!

Eileen