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

[shrubberyvaluation]

This was to be expected. Based on the filing the Tates had no case. The Tates just had big money and big government backing them up. They probably just wanted to drag it on to force a settlement.

 

[Elliott]

Mary Cummins' take:

"UPDATE: 03/07/23 Case is allegedly settled. No actions have shown up on Pacer as of yet. Last entry was 12/02/22. Looks like the insurance company paying defendant's legal fees forced the appraiser to settle. They most likely threatened to stop paying legal fees. This settlement would eat me up psychologically. Keep in mind the insurance company is probably footing the money for the payment, settlement. That's how it works. Imagine being forced to watch a very misleading TV show which promotes the false narrative of the racist white appraiser as part of this settlement. I covered most of the cases in that show. I'm just finishing up an article about that show.

"The settlement announced Monday includes an undisclosed financial compensation from Miller and her firm, Miller and Perotti Real Estate Appraisers. The settlement also requires Miller to attend training on prevention of housing discrimination in the county and watch the documentary “Our America: Lowballed,” on housing discrimination cases."

Mary Cummins, Real Estate Appraiser, Real Estate Appraisal, Los Angeles, California, Mary Cummins.

Mary Cummins is a real estate appraiser in Los Angeles, California. Mary Cummins, Animal Advocates, real estate.

mary--cummins.blogspot.com

 

[ucbruin]

@MarketValuedEmployee

Don't let any forumite browbeat you into changing your thread....

 

[TC]

Well, the lawyers have found a new income stream.

 

[Meandering]

Political theater.

It will be used against the entire profession, later.

 

[George Hatch]

The Tate's advantage with the settlement is they can continue to tell their tale on TV - including for cash and prizes - without anyone challenging the facts of their assertions.

 

[Fernando]

Mary Cummins' take:

"UPDATE: 03/07/23 Case is allegedly settled. No actions have shown up on Pacer as of yet. Last entry was 12/02/22. Looks like the insurance company paying defendant's legal fees forced the appraiser to settle. They most likely threatened to stop paying legal fees. This settlement would eat me up psychologically. Keep in mind the insurance company is probably footing the money for the payment, settlement. That's how it works. Imagine being forced to watch a very misleading TV show which promotes the false narrative of the racist white appraiser as part of this settlement. I covered most of the cases in that show. I'm just finishing up an article about that show.

"The settlement announced Monday includes an undisclosed financial compensation from Miller and her firm, Miller and Perotti Real Estate Appraisers. The settlement also requires Miller to attend training on prevention of housing discrimination in the county and watch the documentary “Our America: Lowballed,” on housing discrimination cases."

Mary Cummins, Real Estate Appraiser, Real Estate Appraisal, Los Angeles, California, Mary Cummins.

Mary Cummins is a real estate appraiser in Los Angeles, California. Mary Cummins, Animal Advocates, real estate.

mary--cummins.blogspot.com

As I said, business owners settle because it's a financial decision.
ADA attornerys sue me and tenant and we settle for tens of thousands because it's cheaper than a long drawn lawsuit. It's not right and I don't want to settle but I have to.

 

[George Hatch]

You might be able

As I said, business owners settle because it's a financial decision.
ADA attornerys sue me and tenant and we settle for tens of thousands because it's cheaper than a long drawn lawsuit. It's not right and I don't want to settle but I have to.

I occasionally warn borrowers about this possibility when I notice such problems with their properties.

I had one property a while back where the ramp to the front door had to have what they call "bubble" pavement to provide guidance for the visually impaired and their canes. They had painted a blue-striped crosswalk on the parking lot leading to the ramp and had painted the bars the same shade of blue and wanted to use the blue for the bubble pavement strip but the ADA requires yellow. For the blind.

 

[Fernando]

You might be able

I occasionally warn borrowers about this possibility when I notice such problems with their properties.

I had one property a while back where the ramp to the front door had to have what they call "bubble" pavement to provide guidance for the visually impaired and their canes. They had painted a blue-striped crosswalk on the parking lot leading to the ramp and had painted the bars the same shade of blue and wanted to use the blue for the bubble pavement strip but the ADA requires yellow. For the blind.

View attachment 73331

ADA is very complicated with grading and height requirements. Certain Engineers and ADA specialists charge hundreds of dollars to analyze if building is ADA compliant.
I found a loophole with my own research and contacted the health department and they weren't aware. Not even the ADA attorneys and I was able to settle quicker and cheaper but still had to pay tens of thousands of dollars.

 

[KHS445]

When I saw this settlement yesterday I thought it must have been relatively minor monetarily as the published punishment for the appraiser is basically a slap on the wrist. Not that I would want to ever go thru something like this, but to attend a class and watch a video with no mentioned license restrictions, probation or revocations seems pretty minor. One would think if there were a large financial settlement and a serious beat down of the appraiser more would have been disclosed.