Comments on: FDIC Lawsuit Against Appraisers in CO https://appraisersblogs.com/appraisal/federal-court-rules-on-uspap-confidentiality-issue-in-fdic-lawsuit-against-appraisers-in-colorado/ Appraisal News and Tips for Real Estate Appraisers Thu, 11 Aug 2022 05:37:18 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Mike Ford https://appraisersblogs.com/appraisal/federal-court-rules-on-uspap-confidentiality-issue-in-fdic-lawsuit-against-appraisers-in-colorado/#comment-11421 Tue, 16 Dec 2014 06:37:47 +0000 http://appraisersblogs.com/?p=5269#comment-11421 Its interesting and a good reminder to all of us, though it left the big questions unanswered: (1) Did either defendant appraiser over value the property? (2) How incompetent was the E&O insurer’s attorney to cite a pre USPAP case; which was also irrelevant to the point anyway? (3) Did the E&O insurer’s attorney cross complain against FDIC AND the original loan brokers; loan officers and borrowers? (4) Did the attorneys for either side order a forensic appraisal to determine just what the value was on the effective date? Did either side do an appraisal review?

While it is possible one appraiser colluded with the loan broker to duplicate the other appraisers result; after first conspiring with the first appraiser to over value the property; it is also possible that $1.9 million was the natural and most probable rounded number for ANY appraiser to have reconciled to.

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