- Feb 8, 2007
- Professional Status
- Certified Residential Appraiser
I have been thinking about how much risk ($ wise) there is in an appraisal. Is the worst case scenario that a property you did a report on gets foreclosed, then sold for less than the loan, and you are sued for the difference? If a borrower has a loan at bank A, you do a report for bank A, then the borrower goes to bank B, are now off the hook with bank A?