November/December 2011

Re-appraising the Appraisers: Expanding Liability to Buyers and Borrowers in the Story of the 2008 Financing Industry Crisis

Cover Story

Re-appraising the Appraisers: Expanding Liability to Buyers and Borrowers in the Story of the 2008 Financing Industry Crisis

Inflated real estate appraisals played a critical role in the 2008 financial industry crisis, but recent case law demonstrates how appraisers are escaping liability for the economic losses suffered by many who relied upon those appraisals and why a new regime is needed to protect against opportunistic players.

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