On July 21, 2009, an amended complaint was filed against KB Home, Countrywide and others in the United States District Court for Arizona. The amended ... Read More
REAL ESTATE LAW
CLASS ACTION COMPLAINT FOR APPRAISAL FRAUD FILED AGAINST GIANTS KB HOME AND COUNTRYWIDE
A class action complaint has been filed against home builder giant KB Home and major lender Countrywide, among others, for appraisal fraud. In the ... Read More
APPRAISERS MAY BE CHARGED WITH BANK FRAUD
Although the main focus of this site is civil (not criminal) liability of appraisers for negligent misconduct, the government does have the right to ... Read More
CLAIMS AGAINST APPRAISERS STAY AT RECORDS LEVELS
In 2009, the appraisal industry has experienced the same record volume of claims against appraisals as was seen in 2007 and 2008. Noticeable trends ... Read More
CHARGES TO UNIFORM RESIDENTIAL APPRAISAL REPORT MAY HELP ALLOW CLAIMS AGAINST APPRAISERS
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
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
