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The Valuation Legal Brief

AMC Litigation

16 Appraiser and AMC Statute of Limitations Cases

To follow up our comprehensive 50-state chart regarding statutes of limitations pertaining to claims against appraisers, we have compiled, summarized and linked to 16 cases from 12 states involving statute of limitations issues in lawsuits filed against appraisers and AMCs.  Read more…

By Peter Christensen, 13 years ago
Borrower Claim

Update: Gibson v. Credit Suisse, Cushman & Wakefield and a New Case — Blixseth v. Cushman & Wakefield

I’ve written previously about what is the biggest case against appraisers in terms of alleged damages.  That case is Gibson, et al. v. Credit Suisse, Cushman & Wakefield, et al.  The case is a reflection for appraisers about what is Read more…

By Peter Christensen, 13 yearsFebruary 21, 2012 ago
AMC Litigation

FDIC v. CoreLogic — Court Rules on eAppraiseIT’s Motions to Dismiss and Strike FDIC’s 1st Amended Complaint

Judge Carter ruled yesterday on eAppraiseIT’s motions attacking the FDIC’s First Amended Complaint in the lawsuit filed by the FDIC against CoreLogic/eAppraiseIT and their various affiliates on May 9, 2011.  eAppraiseIT’s Motion to Dismiss Count I — Breach of Contract Read more…

By Peter Christensen, 13 years ago
AMC Litigation

WaMu’s Top Officers Pay Pennies on the Dollar to Settle FDIC Claims. What’s the FDIC’s Case Against LSI Appraisal of Lender Processing Services Worth?

In March of this year, the FDIC sued Washington Mutual’s former CEO Kerry Killinger, its former chief operating officer Stephen Rotella and its former head of residential lending David Schneider for $900 million in alleged damages resulting from their “gross Read more…

By Peter Christensen, 13 years ago
AMC Litigation

FDIC Files Amended Complaints in Lawsuits Against LSI Appraisal and CoreLogic

In the wake of Judge Carter’s order granting motions to dismiss the FDIC’s gross negligence and alter ego-type claims against LSI Appraisal and CoreLogic Valuation Services, the FDIC has filed first amended complaints against the appraisal management companies in each Read more…

By Peter Christensen, 13 years ago
AMCs

FDIC Sues 29 Appraisers Over Loans By Downey Savings

In the two weeks leading up to Thanksgiving Day, the FDIC sued 29 individual residential appraisers and a rafter of mortgage brokers in 12 separate lawsuits.  All of the appraisers sued in this round reside in California — in the Read more…

By Peter Christensen, 13 years ago
AMC Litigation

Cuomo v. eAppraiseIT: New York’s Highest Court Rules that the People’s Case Against eAppraiseIT Will Go Forward

In an opinion published today concerning the 2007 lawsuit filed by then Attorney General Cuomo against First American Corporation and its former appraisal management company eAppraiseIT, New York state’s highest court — its Court of Appeals — has ruled that Read more…

By Peter Christensen, 14 years ago
AMC Litigation

FDIC Suffers Another Setback in Its AMC Litigation — Court Grants CoreLogic’s Motion to Dismiss Gross Negligence Claim (with Leave to Amend)

Caption of 11-14-11 Order In a November 14 ruling in the FDIC’s lawsuit against CoreLogic and its various subsidiaries, Judge Carter dismissed the FDIC’s gross negligence claim (with leave for the FDIC to amend) based on the economic loss rule Read more…

By Peter Christensen, 14 years ago
CLGX

The FDIC Suffers a Setback in Case Against Lender Processing Services and LSI Appraisal

(Update — Judge Carter granted, in part, CoreLogic’s similar motion to dismiss on 11/14/11.  See post here.) As reported in prior posts, the FDIC, as receiver for failed lender Washington Mutual, sued appraisal management company LSI Appraisal and its corporate Read more…

By Peter Christensen, 14 years ago
AMCs

Cuomo v. eAppraiseIT: New York’s Highest Court Held Oral Argument on eAppraiseIT’s Appeal Today

Today, four years after New York’s then Attorney General Cuomo filed his state’s lawsuit against First American eAppraiseIT (now part of CoreLogic), the New York Court of Appeals (the state’s highest court) heard eAppraiseIT’s appeal of the trial court’s denial Read more…

By Peter Christensen, 14 years ago

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Recent Posts
  • The Significance of HUD’s Charge of Discrimination Naming an Appraiser, AMC and Lender July 17, 2024
  • Unresolved HUD Discrimination Complaints May 30, 2024
  • Valuation Legal Brief – for California Appraisers April 10, 2024
  • loanDepot.com Appraisal Discrimination Settlement March 25, 2024
  • Efforts to Regulate Property Data Collection in MS and UT March 19, 2024
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The information and links on this website are not legal or regulatory advice and should not be relied on as a substitute for such advice. You should not make a legal decision based on the content of this site. Thank you, Peter Christensen
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