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People suing everything with a pulse lately

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Mr. Horner, the lawyer, said valuation is a tricky area for brokers................ “Brokers aren’t appraisers,” said Mr. Horner, one of the writers of a guide to suing brokers. “They have no obligation to opine about value. But once they do, it becomes a gray area whether it’s puffery or a misstatement of a known fact.”
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Ya, think?! They sure do make seem so in those slick TV shows.

If they win this case, this will send shivers to the Realtors, and it should. It seems that what rolled down hill is piling up to the top of that Hill.
 
If I can document that a Realtor encouraged me to buy based upon, "property prices will rise in the future".. or some other speculative projection, then I don't see it any different than say they made a promise like this
"This road will be paved in the next year or two."
"Prices will double if they get that new plant they are talking about."
"There are no termites in this house."

Words have meaning and Realtors need to be cautious about making promises that they cannot personally fill.
 
Adept Appraisal said:
Problem is, didn't *someone* have to buy at the "peak" at some point in time?

If this logic were applied to the stock market, wow.

Appraisers will be the next target, I'm sure.

Dave...
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I think they are already!
 
Adept Appraisal said:
If a few of these cases go the buyer's way, look out, this could catch on like wildfire:

http://seattlepi.nwsource.com/business/348265_realestate22.html?source=rss

Problem is, didn't *someone* have to buy at the "peak" at some point in time?

If this logic were applied to the stock market, wow.

Appraisers will be the next target, I'm sure.

Dave...
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Dave, nice find. Strange case and strange woman.

"""I do not think I'm obsessive-compulsive, but I am 114 pounds of absolute perseverance"""

this woman is raising all kinds of heck and costing all kinds of money. somebody ought to remind her 114 pound of absolute perserverance that they kill pizza boys over $20 bucks around here and she's costing the defendant tons of money as well as Re Max. She needs to consider these factors before hacking the wrong person off. Also, where is her personal responsibility? Nobody prevented her from hiring an appraiser in an effort to establish a fair offer. This woman may be physchotic or bipolar or something.
 
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Classic case of: "It's always someone else's fault." Just watch the subpoenas start flying once her neg-am, sub-prime mortgage resets.
Would the woman have given some of the money back to the seller if it had turned out the property was *underpriced*?!?! I didn't think so.
 
"Most people who made a bad real estate deal might wince and move on, but people who know Marty Ummel describe her as unusually determined. She spent a year picketing ReMax offices on weekends.

Vernon Ummel, an administrator at Dominican University, gave her his permission to pursue the case, on one condition: "Don't tell me how much the legal fees are." So far, the bills come to $75,000, more than Marty Ummel's annual salary as a fundraiser at California State University-San Marcos."


Imagine if the woman had just put 1/10 that effort in researching the market before she signed.
 
Excellent!

Hopefully they will go after the appraiser, too. The appraiser should definitely have noticed the lower listings in the area.
 
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