Appraiser mill settles lawsuit

[KenAZ]

surely they had staff doing keypunch as well.
These hardly seem bad at all... can someone tell me how that $3000 is appropriate? I mean if he (Killian) was within $3,000 I'd say he was right. The others are marginal amounts at best. I bet they simply agreed to settle to get it over with. Your law bill will be higher.

What they do is try to assign a percentage of the blame. That may have been a loan that was $100,000 too high, but the buyers committed fraud by lying on the application, the LO committed fraud and told them to say they earned more than they actually did. If they had been honest on the loan forms, the owners would have only qualified for a loan $97,000 less. Had the appraisal been accurate, then the loan would have been $100,000 less.

That is probably how they got to $3,000.

Should have just been brought to small claims court.

 

[dspur59]

Having not worked in 2 months, I can only idly daydream on how to set something like that up. I had a secretary and 3 trainees. Our best month was 86.

Oh wait....

Thats right. *I* dont do fraud. Silly me. What was I thinking?