Appraiser Confidentiality: Loose Lips, Big Claims, USPAP Absurdity, and Subpoenas

Allegedly “Loose Lips” Cause a Big Claim. A recent and relatively big appraiser liability claim involved a commercial appraiser’s alleged breach of confidentiality.  The damages paid to the plaintiff were significant.  According to the plaintiff’s complaint (my recounting of the facts here is simplified), a lender had engaged the appraiser to perform Read more…

An Update on Gibson, et al. v. Credit Suisse, Cushman & Wakefield, et al. — the “$24 Billion” Case in Idaho — and the Plaintiffs’ Expert Witness Declaration Testimony

In terms of alleged damages, the biggest case pending against any appraisal firm in the United States — actually, I feel safe writing the biggest case ever — is the lawsuit filed in federal court in Idaho by a group of property owners in four luxury developments in Idaho, Montana, Read more…