Judge Rules Appraiser/Lender Owe no duty of care

[Terrel L. Shields]

the home inspector "couldn't find" the septic system

That is incompetence at it's worst. With a tile probe I can find the septic easy peasy.

 

[djd09]

Stop it, you racist

“She’s Running!” – Hillary Clinton Floated as Biden Replacement Amid Democrat Turmoil​

pinch your nose...and vote the party in

 

[Fernando]

“She’s Running!” – Hillary Clinton Floated as Biden Replacement Amid Democrat Turmoil​

pinch your nose...and vote the party in

Always bring politics out of the blue. MAGA can't help it.

 

[Tiffany Gibbons]

That is incompetence at it's worst. With a tile probe I can find the septic easy peasy.

I think she's the Home Inspector.

 

[Huds_Harm]

The OP's very elusive on the "who, when, where" in regards to the pumping, filling and draining of the septic tank....the when and how she discovered the distance between the well & septic issues....she always reverts back to the appraiser's requirements for FHA inspection and how the appraiser made some egregious errors in reporting. Which it sounds as if they may have.

I pressed her pretty hard and got out of her that she did not go to the building, planning department and look at the septic's maintenance records or, any other records for that matter prior to the purchase.

You obviously didn’t read the article

 

[Huds_Harm]

In other words, the OP wants an entire, new water and waste system due to the appraiser's FHA reporting or, lack thereof.

Which would have been a required repair prior to closing and or if the seller did not agree it would not have been allowed to close.

 

[Huds_Harm]

The OP might have mentioned it, but did they mention whether they are still living in the home, and if so how these conditions have affected them?

Read the article

 

[Huds_Harm]

Odd that an appraisal blog is kind of trashing appraisers while she gets to remain anonymous with no details about the house, the "as is" sales contract", etc. All we know is both HUD and the lender blamed the home inspector, and FHA punished the appraiser and made the appraiser take extra classes. The septic tank location was "unknown" because it was an estate sale (?). Obviously, she thought she was getting a deal for this waterfront property. The septic pumping company located the tank 2 weeks after the home inspection (was there a receipt?) and the home inspector didn't locate it or the well either?). And she never had well or septic testing done? Just OK, leave it uncovered for the appraiser? WTF. She knew it was on septic and well, it was in the listing. I found it strange that the judge was asking how much her income was and what her "fee schedule" is and if she planned on becoming an attorney. What other professions have "fee schedules"? I blame the home inspector and the borrower for not doing their due diligence. There's more to this story than meets the eye.

Not the judge. The lender and appraisers attorneys

 

[Huds_Harm]

She said her and her children were homeless and had moved 4 times due to this, but yet she had new plans drawn up to relocate both systems, but no survey, no other proposals? This is a suburban subdivision location that is waterfront (possibly on a bayou?).

Who said no survey?

 

[Huds_Harm]

This whole transaction passed through many safety nets and/or precautionary protocols yet, the loan was funded. It's ludicrous to think that the blame rides squarely on the shoulders of the appraiser.

Additionally, it appears that the op "got greedy" with a lawsuit to change / move, the entire water and waste systems as opposed to just dealing with the septic issue. Boo Hoo.... I'm a single mother with two kids.... this is not my fault.

Pieces of the puzzle on this whole transaction are definitely missing.... The story is compelling in that it makes you want to root for the homeowner. However, when you start peeling back the layers of the onion... there's more than meets the eye.

You are mistaken that I was “greedy” and in need of education on when something is repaired or replaced it must be brought to current code which REQUIRED everything be moved.