Thursday, January 14, 2010

Security One Valuation Services - January, 2010 Update


It's been over two months since we last heard from Todd Barfield about the checks issued by Security One Valuation Services, LLC. Appraiser Active has provided updates on the Security One debacle in November, 2009, October, 2009, September 23, 2009, September 18, 2009, and provided two posts at the start of the fiasco; August 11, 2009 and August 5, 2009.

For a while, it seemed like Todd was interested in working things out with the legions of appraisers stiffed with rubber checks, and anxious to get the word out about his efforts to make things right. In the interest of helping him get the word out, messages were sent to him over the past couple of weeks. Instead of a response, I've been listening to the chirping of crickets.

Appraisers holding dishonored Security One checks email me every week. Comments about the Security One problem are posted regularly. It's not unusual for me to get telephone calls from all over the country from appraisers hungry for information and anxious to get their hard-earned money.

As much as I'm interested in helping, there's little I can do but write about it. I'm not in the collection business. I never accepted an assignment from Security One. In fact, Gregoire & Gregoire, Inc. DOES NOT accept appraisal assignments from Appraisal Management Companies. However, someone is doing something other than writing about the pain and hardship caused by Security One Valuations Services, LLC.

Just this week I heard from a Napa, California appraiser. He is holding a fistful of Security One dishonored checks and is steaming mad. After pursuing a number of options, he talked with his local law enforcement agency; the Napa County, California Sheriff's Office. As a result, the Sheriff's Office is interested in going after Security One.

We're not sure how this will work out, but the Napa County Sheriff's Office asks that appraisers owed money by Security One, and holding dishonored checks send their names, contact information with company name, address and amount owed to:



Appraiser Active is making no guarantees. We're not holding any bad checks and have not talked with the addressee. Instead, we're merely passing along some information. Let me know what you learn.

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