Judge Rules Appraiser/Lender Owe no duty of care

[Fernando]

Attorneys think differently. If there's a 1% chance that the appraiser and lender are at fault, they will go after them for money.
That's how our legal system works.

 

[Huds_Harm]

A "field review" is typically conducted on an "exterior only basis" from the street. Those are ordered after the loans have closed, and the homeowner is under no obligation to let some appraiser trespass on their property for the lender's quality control purposes. They wouldn't have seen a septic system, defective fencing, or a deck. I do a bunch of these, and I've never bothered the homeowner, or trespassed upon their property.

Per FHA

Interior reviews are an important part of the field review since a serious oversight by the appraiser of a noticeable defect in the property could affect the health and safety of the occupants or the continued marketability of the property.

 

[Mike Ault]

Per FHA

Interior reviews are an important part of the field review since a serious oversight by the appraiser of a noticeable defect in the property could affect the health and safety of the occupants or the continued marketability of the property.

They have never ordered an "interior inspection" on a field review from me. To be fair, most of them are ordered as post-closing reviews for quality control purposes. I can only think of one time that a field review was ordered prior to closing, and it was at my insistence. An underwriter was disputing my value, and I told the client "fine, order a field review then". "And you can base your loan limits on the value you feel most comfortable with". They did, and went with mine.

 

[Huds_Harm]

can this forum pass a guilty judgement with an amount for damages so this poor homeowner can have her piece of mind. no septic, no justice. no money, just a moral victory. can i also get a cease and desist order, from the big guy on this thread, for mental abuse just reading it.

What happened to your informative rebuttals?

 

[Dublin ohio]

What happened to your informative rebuttals?

Waste of time trying to inform those who choose not to be informed. It became a circular discussion about 65 pages ago

 

[Surf Cat]

If anyone here doesn't want to respond to the OP anymore then just stop feeding the thread.

Fine....I'm out. But before I go, everyone knows there's two sides to every story.

The OP is only arguing one sided without providing evidence to tell the entire story. That is, with the exception of the original article starting off the thread...... which paints her as the victim.

She's only providing one perspective....omitting contradictory views, to create a misleading narrative.

The OP is trying to manipulate our perception and influence our opinion of what the appraiser did or didn't do according to FHA/HUD/MPR Google searches. Without providing answers to questions asked to further understand the issue.

For what? For appraisers on an appraisal forum to admit that appraisal guidelines and processes we follow "are wrong" and are solely devised to throw the borrower under the bus. It's our fault. No accountability or self reflection whatsoever on her part.

Well, guess what? The courts didn't see it that way. Heaven forbid the borrower for an as is, where is, purchase of an old a*s country home, on a dirt road, should take any accountability, responsibility and perform any due diligence.

It's the Appraiser's fault, it's the Appraiser's fault....No wonder she's a single mother....

 

[Huds_Harm]

Waste of time trying to inform those who choose not to be informed. It became a circular discussion about 65 pages ago

You mean it became a deflection discussion.

 

[Dublin ohio]

You mean it became a deflection discussion.

There's your sign

 

[Fernando]

Fine....I'm out. But before I go, everyone knows there's two sides to every story.

The OP is only arguing one sided without providing evidence to tell the entire story. That is, with the exception of the original article starting off the thread...... which paints her as the victim.

She's only providing one perspective....omitting contradictory views, to create a misleading narrative.

The OP is trying to manipulate our perception and influence our opinion of what the appraiser did or didn't do according to FHA/HUD/MPR Google searches. Without providing answers to questions asked to further understand the issue.

For what? For appraisers on an appraisal forum to admit that appraisal guidelines and processes we follow "are wrong" and are solely devised to throw the borrower under the bus. It's our fault. No accountability or self reflection whatsoever on her part.

Well, guess what? The courts didn't see it that way. Heaven forbid the borrower for an as is, where is, purchase of an old a*s country home, on a dirt road, should take any accountability, responsibility and perform any due diligence.

It's the Appraiser's fault, it's the Appraiser's fault....No wonder she's a single mother....

OP was hoping AF would validate her claim. Unfortunately, if opposing attorneys see this thread, it will make it harder for OP to appeal the lawsuit.

 

[Huds_Harm]

Fine....I'm out. But before I go, everyone knows there's two sides to every story.

The OP is only arguing one sided without providing evidence to tell the entire story. That is, with the exception of the original article starting off the thread...... which paints her as the victim.

She's only providing one perspective....omitting contradictory views, to create a misleading narrative.

The OP is trying to manipulate our perception and influence our opinion of what the appraiser did or didn't do according to FHA/HUD/MPR Google searches. Without providing answers to questions asked to further understand the issue.

For what? For appraisers on an appraisal forum to admit that appraisal guidelines and processes we follow "are wrong" and are solely devised to throw the borrower under the bus. It's our fault. No accountability or self reflection whatsoever on her part.

Well, guess what? The courts didn't see it that way. Heaven forbid the borrower for an as is, where is, purchase of an old a*s country home, on a dirt road, should take any accountability, responsibility and perform any due diligence.

It's the Appraiser's fault, it's the Appraiser's fault....No wonder she's a single mother....

that one almost hurt.

The federal “as is” requirement is IN ADDITION TO the GSE scope of work which REQUIRES CONDITIONING THE APPRAISAL ON COMPLETION OR REPAIR when there are conditions that adversely affect the livability, soundness or structural integrity of the property.

And the only entity required to do that is the appraiser.

Facts don't "mislead" and only cowards deflect to the borrower.

No wonder you need CYA clauses because you can't confidently stand by your work.