Class Action Suit : Restraint of Trade

[Joe Birrell (NY)]

Given the state of affairs in our industry, couldn't it be argued that there is
extreme over-regulation, unreasonable control, and interference with business, by a virtual alphabet soup of federal and state regulators, plus others (i.e. users of appraisals, AVMs, AMC's, etc).

Think of all the organizations, agencies, and their associated members that constantly interfere and meddle with our business - there is got to be the makings of a law suit here. I can't think of any other licensed profession that would allow this situation to exist.

Anybody know some good business law attorneys ?

 

[Pamela Crowley (Florida)]

Joe,

Very interesting approach. No, I cannot think of any other licensed profession that is as regulated as appraisers with so many various, ambiguous and contridicting laws assembled apparently ready to take out any appraiser at any time someone were to choose. (except the IRS vs taxpayers) Then again, I can't really say that I am familiar with the laws/regulations governing other professions. ?????? The laws in the USA are way beyond where our founding fathers ever dreamed it could go and that is not a positive.

 

[J. Parker Graham]

Say it aint so, Joe

You first might consider the concept of governmental immunity,
before interviewing legal council.

To know history is to repeat it.

"...faulty or fradulent real estate appraisals were systematically used by corrupt or incompent financial managers to overvalue collateral and make unsafe, unsound, and even fradulent real estate loans look adequatly secure." 1984 - Representaive Doug Bernard, Chairman of the Governmantal Operations on a hearing for the implitation of Title XI implementation.

Where are we going now ?

Download the speech of Jimmy Barton Deputy Director of the Office of Federal Housing Enterprise and Oversight. National Real Estate Lending Conference and Marketplace. Made in Scottsdale Arizona to the America's Community Bankers. February 11, 2002.

www.ofheo.gov

The Enterprise will examine risk-based capital rules. President Bush recomends the removing the the organization from the appropriations process. Sub prime loans, and changing home financing and mortgage-related financinal markets as well as changing home prices will be examined.

Hold on kids the ride could get bumpy for some.

Living Large in Detroit

J. Parker Graham

 

[jtrotta]

J.Parker Graham;
Yep, guess we overlooked "govern-mental-immunity" - sort of a catchy phrase if I do say so myself; I guess this is where if you own a company like microsoft - your limited as to how many times you can be sued for the same thing, but if your the government you side step it altogether. I suppose this is the difference between the mob & government. Although "Restraint of Trade" is a federal law, I can clearly see how that law could be immediately restructured before you ever get to court.


Living Lean & Mean in Colic Green 8)

 

[airphoto]

GentlePersons ..

Now! Extend your reasoning just a lil further and you can label 'de gub'mint' as public enemy Number One .. or the 'first terrorist!'