Many people in the appraisal industry still believe that only the “intended user” of an appraisal report may sue the appraiser. This is likely wrong ... Read More
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TYPICAL MISTAKES BY APPRAISERS
According to the FDIC, below is a list of some of the common errors by appraisers. These errors may be the basis for a lawsuit by the lender or ... Read More
STATISTICS SHOW APPRAISAL FRAUD IS ON THE RISE
According to the Eleventh Periodic Mortgage Fraud Case Report to the Mortgage Bankers Association, Mortgage Asset Research Institute, LLC 2009, ... Read More
ARIZONA HIGHWAY PROJECTS LAGGING
According to the Government Accountability Office (GAO), the U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) set ... Read More
ECONOMIC STIMULUS SPENDING – A RECIPE FOR MORE BID PROTESTS?
On February 17, 2009, President Obama signed into law the much anticipated stimulus package known as the American Recovery and Reinvestment Act of ... Read More
HOME VALUATION CODE OF CONDUCT
Effective May 1, 2009, Freddie Mac no longer purchases home mortgages from sellers that do not follow the Home Valuation Code of ... Read More