Impac Mass Litigation Against Appraisers Update: Llano Loses in New Jersey, Savant Loses in Florida, and an Appraiser Sues Llano Back in Nevada (12/18/15)

Updated 12/29/15 Here’s a summary of activity in the last several weeks: (1) Impac/Llano lost a case against an appraiser in New Jersey, (2) Savant’s legal counsel is seeking to withdraw from a case in Florida just weeks before trial (as well seeking to withdraw from up to 10 other cases for Read more…

Impac – Savant – Llano Mass Litigation Against Appraisers: Lead Attorney in Nevada Seeks to Withdraw from Cases

Last month, I wrote that Impac/Savant/First Mutual/Llano looked like they were starting to have problems with the attorneys representing them in their mass litigation against appraisers.  New signs of such division are appearing. Some of the attorneys and law firms filing the cases seem to have been led into taking the Read more…

Update on Impac – Savant – Llano Mass Litigation Against Appraisers (9/29/15)

This is an update on the mass litigation against appraisers being pursued by Llano Financing Group LLC in relation to loans held or serviced by Impac Funding:As covered in prior posts, the litigation against appraisers concerning Impac’s mortgages is an unprecedented legal and economic assault on the appraisal profession. For residential Read more…

Update on Impac – Llano – Savant Mass Litigation Against Appraisers (8/30/15)

This is an update on the new mass litigation phenomenon against appraisers.  Llano Financing Group LLC continues to be the front runner in filing lawsuits against appraisers. In all of the recent lawsuit complaints I have reviewed from June-August 2015, Llano Financing is suing appraisers over claims that were purportedly first assigned by Read more…

Who Is Llano Financing Group? Who Is Carrington Capital Management? Why Are They Suing So Many Appraisers?

First Round.  Last fall on this blog and also in the Appraisal Institute’s Valuation magazine, I wrote about several entities involved in purchasing foreclosed debt from lenders (or just purchasing legal claims relating to the debt) and then filing lawsuits against appraisers asserting professional liability claims.  Those investment entities were Read more…