Appraiser Countersuing Black Homeowners for Defamation
Appraiser Countersuing Black Homeowners for Defamation
Appraisers, there have been several lawsuits filed against appraisers by borrowers who “don’t like your value, so I’m accusing you of discrimination” over the last year or so. These lawsuits all have the same theme, and it’s entirely possible that these actions are being coordinated by a consortium of ‘organizers’ and law firms.
The plaintiff representing firm for the Baltimore suit is the same law firm The Appraisal Foundation hired to write new USPAP language for the Ethics Rule, which potentially will be approved in just a few months from now.
I was sent the info below, which shows what appraisers can do when the damaging lawsuits against them are made public.
By fighting back like this, appraisers can show borrowers that they run the risk of a countersuit if potentially false and difficult to prove allegations are promulgated in the media.
