The most common search question by appraisers and appraisal management company personnel that leads to the Appraiser Law Blog is some form of: “What is the statute of limitations for suing about an appraisal?” Because this is so frequently misunderstood by appraisers, let me say this first: the relevant time Read more…
Update on the update: May 19, 2012 – in the last week, the FDIC sued approximately 20 more appraisers as the receiver for BankUnited in a last-minute rush to file the actions before the deadline for its negligence claims relating to that failed bank. The appraisers affected by these new Read more…
Can chief appraisers and other managerial appraisers at banks be sued for failing to fulfill their responsibilities with regard to oversight of the bank’s appraisal functions? Yes, they can and have been sued. The types of actions they have been named in range from fraud actions by private plaintiffs, to Read more…