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Law Suits coming....

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Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Foreclosures.com Sees New Jersey Predatory Lending Continuing

http://www.rismedia.com/index.php/article/...eview/2735/1/1/

"Common sense," McGee added, "would indicate that liability for abusive lending practices should reside with the originator of a predatory loan. It's the originator that victimizes the borrower, not the purchaser of the loan."

No kidding!!!!!
Finally, the real culprit is being named! And you KNOW the appraiser involved will be included!

:2gunfire:
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
I hope so. My only fear is that the public will become sue happy and sue the honest appraiser too hoping for some kind of settlement.
 

Leon Stewart

Member
Joined
Jan 15, 2002
I hope so. My only fear is that the public will become sue happy and sue the honest appraiser too hoping for some kind of settlement.

You got that right, that's exactly what will happen, and probably moreso on FHA type Appraisals.

leon
 
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