Friday, July 24, 2009

Claims Against Appraisers by the FDIC

The FDIC has taken over more than 80 failed banks since January 1, 2008. When the FDIC takes over a bank, it starts considering potential claims against parties from whom it may be able to recoup some of the failed bank's losses. The FDIC has retained private law firms for the specific purpose of pursuing such claims. With so many attorneys engaged, the FDIC publishes a handbook for them.

Unfortunately, we've started to see . . .




[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.]