Banks and Appraisers Not Liable for Faulty Home Appraisals

, New York Law Journal

Allison J. Schoenthal, a partner at Hogan Lovells US, writes: In the aftermath of the financial crisis, buyers are looking more closely at their failed investments and targeting banks and the property appraisers, claiming inflated or inaccurate appraisals, collusion between banks and the appraisers, and professional incompetence.

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Originally appeared in print as Buyer Beware: Banks and Appraisers Not Liable for Faulty Home Appraisals