Update: Heritage Pacific Financial filed for bankruptcy in January 2014. For information about a new litigation venture against appraisers by some of its former management, please see this newer post here.These are four of the parties who have been suing the most appraisers in 2011-12. I suspect most appraisers won’t Read more…
Flagstar Bank recently appealed two cases to the Ohio Supreme Court that Flagstar lost against appraisers at the trial court level based on Ohio’s statute of limitations. Under Ohio law, the statute of limitations for most professional liability actions like those against appraisers is four years from — basically — Read more…
Sometimes a court’s opinion does not need any explanation to put it in context. I’ve reprinted a recent California Court of Appeal unpublished opinion in full below. It resolves the appeal of an appraiser who lost a case against Flagstar Bank. The appraiser filed the lawsuit after being sentenced to Read more…
On February 1, 2011, the Ohio Supreme Court will hold oral argument on a lender’s appeal in a case that it lost against an appraiser in the trial court and then lost again in an Ohio court of appeal. The appeal relates to whether the lender’s claims against the appraiser Read more…