Tuesday, June 8, 2010

If the bank in Florida hire an appraiser, and I am the borrower. Do I have the right to sue the appraiser?

I bought a land in Naples, Florida, almost two years ago. The bank appraiser made a lot of mistake in his appraisal report. I want to know if I have the right to sue the appraiser.

Thank you.

George


Anyone can sue anyone for anything. To collect you'll have to prove that you were harmed by the appraiser's actions. Given that appraisal is as much art as science it can be difficult to convince a jury that a 2-year-old appraisal has somehow hurt you in the present timeframe. Add market deflation over the past 2 years and your chances aren't all that great, IMHO.

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