How Long to Keep Files?

Most claims against appraisers involve appraisals performed within 3 years of the date the claim is made. However, as real estate values continue to decline in certain areas and as foreclosure rates remain high, we are seeing more claims about . . .

[A complete and updated version of this article is available to LIA insureds and READI members at readimember.org.  READI is the Real Estate Advisors Defense Institute, created by LIA to protect appraisers, advocate on their behalf and provide straightforward information about the legal issues that affect them.  You can read more about READI at readimember.org.]