Black couple settle lawsuit as home value at $500k below real price

[Zoe]

If I see a house like that, I would decline doing it because I don't know about construction.
Personally, I would not buy such a house. If one of those poles break, there would be considerable damage.
If the land is not bedrock, I would be worry of geological issues.
And when I go inside the house, I will make sure I don't see cracks or settlement/slanted floors.
Even my house has settlement cracks inside and it has solid foundation.

That's the reason you get a professional to inspect things if you are buying it. They have liability insurance. The lower back wall and side walls is probably the only thing you have to be concerned about if drainage is installed properly.

I have seen people have to spend a bunch of money locally on digging out around the foundation and putting a water barrior too and new drainage system. They literally have to go down to the foundation level and redo everything. Labor is expensive to do that. The materials are not that expensive. But labor is. You know the lower level is sitting on a concrete slab and likely concrete block up to 2nd story.

They have to dig down to foundation if there is a water leakage problem and put in rock and a whole new drainage system locally. They install a water barrier between the earth and the concrete block on the lower level.

 

[shrubberyvaluation]

When comparing this…
View attachment 73535
To something like this…
View attachment 73536

I can see how one appraiser might say that Tate’s house has inferior appeal, while another might say it is superior because of the expansion potential. And without recent data from Marin City, it’s hard to say.

It clearly looks like the addition is below grade. I can see how it might not of brougth anywhere close to $400,000.

 

[Fernando]

It clearly looks like the addition is below grade. I can see how it might not of brougth anywhere close to $400,000.

This is before ANSI. If Assessor record includes downstairs gross area, appraiser most likely included it too.

 

[Sadie]

The case was settled with the judge dismissing all claims with prejudice which means it cannot be reopened by the plaintiffs but it can be appealed to a higher court by the defendant. I bet Miller wants it to go away, but she can appeal and the plaintiffs can't refile their suit.

 

[shrubberyvaluation]

The case was settled with the judge dismissing all claims with prejudice which means it cannot be reopened by the plaintiffs but it can be appealed to a higher court by the defendant. I bet Miller wants it to go away, but she can appeal and the plaintiffs can't refile their suit.

I'm not a lawyer but I think it would be hard to counter, especially after settling. If they claimed defamation the damages might be easy, but proving that the homeowners were knowledgable and were lying would be near impossible I think. When I have heard the Austins speak they have not referenced any market data, all their claims have been subjective. The Tates case seemed very weak with a bunch of strong players backing it up including Biden's DOJ.

 

[Surf Cat]

Miller and the appraisal industry were railroaded. Thanks to government backing, real estate appraiser's plain and simply are racist. There's even a slick documentary that states so much. I wonder who funded that?

Therefore, a major overhaul in the appraisal system is needed.

The Realtors have NAR, mortgage brokers have NAMB, the banks have deep pockets and the appraisers have errr ummmm.... oh nevermind!

BTW....that dude who counter sued that couple for calling him a racist appraiser....he's going to lose too.

 

[shrubberyvaluation]

Miller and the appraisal industry were railroaded. Thanks to government backing, real estate appraiser's plain and simply are racist. There's even a slick documentary that states so much. I wonder who funded that?

Therefore, a major overhaul in the appraisal system is needed.

The Realtors have NAR, mortgage brokers have NAMB, the banks have deep pockets and the appraisers have errr ummmm.... oh nevermind!

BTW....that dude who counter sued that couple for calling him a racist appraiser....he's going to lose too.

It appears to be railroaded based ont he information. That the complaint had one of the items as being that Miller used more comps from the same neighborhood instead of a different neighborhood that is predominately "white" that is a big red flag that it is a railroad job appealing to emotion of people that do not understand how the process works.

 

[Tiffany Gibbons]

The case was settled with the judge dismissing all claims with prejudice which means it cannot be reopened by the plaintiffs but it can be appealed to a higher court by the defendant. I bet Miller wants it to go away, but she can appeal and the plaintiffs can't refile their suit.

Miller was on the verge of retiring and her daughter died of cancer during the lawsuit, then her husband died a few months after her daughter died. I'm sure all that factored into this "Alford plea" type settlement her attorneys agreed to. Unbelievable.

 

[ucbruin]

This is how our judicial system works....

 

[Surf Cat]

Miller was on the verge of retiring and her daughter died of cancer during the lawsuit, then her husband died a few months after her daughter died. I'm sure all that factored into this "Alford plea" type settlement her attorneys agreed to. Unbelievable.

Wow....I did not know that. How sad for her.