Believe it or not, cases are still being litigated in relation to events during the mortgage meltdown years. After nearly seven years of litigation, a settlement has been reached in the borrower class action filed in 2013 regarding appraisals managed by defendant LandSafe Appraisal Services between January 1, 2003 and Read more…
according to the court, Sharestates filed its lawsuit against the appraisers about 5 months too late, after expiration of New York’s appraiser-friendly 3-year statute of limitations.
It’s been now been a decade since the market relevance of appraisal management companies surged in connection with the procuring of appraisals for residential lending. Since then, interesting recurring legal issues have arisen relating to AMCs’ potential liability for the work of contractor appraisers: when and how may AMCs be Read more…
The next free webinar from the Christensen Law Firm is “Engagement Agreements for Non-Lending Assignments, Just for California and Washington Appraisers.” February 28, 2020 at 9:30 a.m. Pacific. In this webinar, I’ll cover: How to create a professional engagement agreement for non-lending appraisal assignments. Impress your clients, make sure you Read more…
Note: This webinar already has occurred. You may watch a recording of the webinar or just download the slides below. I’ll be hosting the Christensen Law Firm’s next free video webinar for appraisers on January 31, 2020 (at 9:30 a.m. Pacific) – it’s the “California Legal Update just for Appraisers!” Read more…
I am super excited to do the AB 5 webinar on Friday for California appraisers. The reception has been incredible and more than 350 California appraisers have registered. This will probably be the largest meeting (albeit a virtual meeting) of California appraisers this year. The many questions I’ve received about Read more…
*** The “California AB 5 Just for Appraisers” webinar already has occurred. You can download a PDF of the AB 5 presentation slides or watch a recording below. Please also consider signing up for the next webinar “California Legal Update Just for Appraisers” scheduled for January 31. *** On January Read more…
On December 19, 2019, I am presenting a free video webinar about the essential elements of California AB 5 in specific relation to AMCs and their contractual relationships with appraisers and appraisal firms.
When it comes to E&O insurance, all appraisers should take the time to understand the concepts of “claims made” and “prior acts” coverage in their policies. Let’s start with this basic fact — all E&O insurance sold to appraisers and similar professions is “claims made” insurance coverage. To understand how claims made Read more…
Note: Readers can now find cases, laws and articles relating to appraiser independent contractor classification in the “AB 5 Center.” California’s AB 5 and the ABC test are creating new challenges for the retention of appraisers as independent contractors by appraisal management companies (AMCs) and appraisal firms. I don’t expect Read more…