Cal. Court Finds Appraiser Cannot Be Sued By Borrower If Appraisal Prepared For Lender Only

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Commercial Real Estate Agent with commercial appraiser la AG002575, DRE 121235

Cal. Court Finds Appraiser Cannot Be Sued By Borrower If Appraisal Prepared For Lender Only

The California Court of Appeal, Third Appellate District certified for publication its recent decision in Tindell v. Murphy. In that case, mortgage borrowers sued an appraiser saying they relied on his appraisal to purchase their home. The trial court had dismissed the suit because the borrowers were not intended users of the appraisal since the appraisal was prepared for the lender, and the Court of Appeal upheld that decision. A discussion of that case can be found at http://www.appraiserlawblog.com/2018/05/newly-published-california-case-helpful.html

 

Cal. Court Finds Appraiser Cannot Be Sued By Borrower If Appraisal Prepared For Lender Only

 
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