Law Suits coming....

[Pamela Crowley (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)]

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]

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