A lawsuit filed by an appraisal management company against a Midwest mortgage banker over unpaid appraisal fees has been settled just before jury deliberations.
In March 2014, a complaint was filed in St. Louis County Circuit Court by Lender Transaction against Ray Vinson and his company, Vinson Mortgage Services Inc.
According to the Camdenton, Missouri-based AMC, Vinson owed the company $164,665 for appraisals and other real estate services provided in 2012 and 2013.
Source: Mortgage Daily
