I just downloaded a fascinating PDF complaint regarding a pending lawsuit initiated by an appraiser who was removed from the approved list by a major banking institution. California appraiser J Wertz is suing Washington Mutual, eAppraiseIT, Lenders Services and others in a complaint filed in February 2008 that alleges she was removed from WaMu’s "proven" appraiser panel for indicating a “declining market” in a May 2007 report.
Here's tthe link to Working R E Magazine (online edition) where you can read the article and download the PDF:
She is demanding damages and a Jury Trial. I believe this is going to be a fascinating case to watch unfold in the California Supreme Court. To quote the plaintiff, “No appraiser should have to decide whether to keep putting food on the table or do their job correctly and not violate the law.” - Jennifer Wertz
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