This is the first of a series of articles that will discuss valuation liability issues which either do not stem from true appraisals or affect parties besides appraisers. Appraisers are by no means the only parties targeted for valuation liability Read more…
First American CoreLogic — currently a subsidiary of First American Corp. in Santa Ana, CA but soon to be an independent company under the name CoreLogic — has filed a lawsuit against a number of appraisal management and technology companies: Read more…
On March 31, 2010, Judge Virginia Phillips in the U.S. District Court for the Central District of California dismissed eight homeowner/borrower class actions against home builders and their affiliated mortgage companies. Filed on the same day by the same group Read more…
Many appraisers call and write us with regard to the hardships caused by being blacklisted by a lender. Some appraisers want to know if filing a lawsuit would fix their problem — either with a court order or monetary damages. Read more…
Commercial appraisers are more likely than residential appraisers to be in the position of considering whether to sue a client for unpaid appraisal fees because their fees for a single engagement are higher, sometimes $10,000 or more. Residential appraisers, however, Read more…
In November, Appraiser Law Blog reported about “rotten reviews” being used by mortgage insurance companies to deny mortgage insurance claims by lenders. The reason I wrote about the issue was that in some cases, mortgage insurers’ and other parties’ usage Read more…
Here is a lender that is doing something right for appraisers (and itself). I wish more lenders would do things like this. As I’ve written elsewhere on Appraiser Law Blog, more than 50% of claims against appraisers are being filed Read more…
Thanks largely to the ill-informed efforts of New York’s Attorney General and the HVCC, we are now witnessing more insidious and blatant attempts to manipulate appraisers than we saw during the height of the real estate bubble. Appraisers are being Read more…
I attended the recent conference of the Association of Appraiser Regulatory Officials (AARO) in New Orleans to participate on a panel discussing the need for consistency in appraiser discipline across the states. AARO’s membership consists of the board members, appraisers, Read more…
We’ve observed a new pattern by one national lender. “Risk Management” at this lender has been submitting numerous complaints to state boards based only on single review appraisals which merely indicate “potential violations” of USPAP. I think the lender wants Read more…