- Mar 22, 2007
- Professional Status
- Certified Residential Appraiser
I would appreciate any advise you can give on my situation. In July 2005, I performed a complete interior/exterior evaluation of a brick on slab home in Lake Charles, Louisiana. At the time of my evaluation there were no cracks noted on exterior brick, foundation, interior walls, and visible floor areas. (vinyl and carpet flooring). I completed the appraisal, submitted it the lender and the loan closed, no problems. I never heard from the lender again until after Hurricane Rita ( in September 2005),blew through the Lake Charles area. Approximately one year later I recieved a phone call from the lender telling me that they were going to sue me due to my failure to disclose a crack to brick wall on exterior of home. According to the lender another appraisal was ordered and completed by another appraiser (Post hurricane). His post hurricane report stated there was a crack on brick wall on exterior of home. Damage to homes from the hurricane were extreme in the area, total destruction of hundreds of homes, total roof loss, shifting on concrete slab foundations, etc. I am now being told that I have to prove there was no damage to bricks on exterior wall at the time of my evaluation. The only photos I took were the required photos, (front, rear, street & interior). I had NO reason to take photos of the South side of the home (where the cracks are now). Am I nuts or are we not talking apples and oranges? Pre hurricane appraisal vs Post hurricane appraisal? I am being accused of failure to disclose a crack on exterior brick wall causing the home to no longer being marketable. I've been back to the home since the hurricane and there are extensive damages to the entire home which were not present before the hurricane. Any comments/advise you all may have will be greatly appreciated.