Suing For Appraisal Negligence

Summary

You may sue an appraiser or loan officer for negligence if their actions caused financial harm. Prove duty of care, breach, and damages for a successful claim. Consider discussing the issue with the loan officer and appraiser first. If unresolved, consult a local attorney for personalized advice.

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Can I sue appraiser and loan officer for their negligence
In Colorado, you may have grounds to sue an appraiser or loan officer for negligence if you can prove that their actions or inactions caused you harm or financial loss. Here are a few points to consider:
- Demonstrate that the appraiser or loan officer had a duty of care.
- Show that they breached this duty through negligence or misconduct.
- Provide evidence of the damages or losses you incurred as a direct result.
Would you like more detailed advice or assistance with understanding this process?
I was purchasing my first home. I offered $*,*. Offers got accepted and I requested for loan. My loan officer request for appraisal and appraisal came in $*,*. My loan got conditional approval. One business day before closing, my loan officer called me and said appraiser made mistake and the actual appraisal value is $*,*. He was asking me to pay additional $*,* out of my pocket. Can I sue my loan officer and appraiser for their negligence?
Hey ****! It sounds like you’re dealing with a frustrating situation. Before considering legal action, it might be beneficial to discuss the issue with the loan officer and appraiser to see if there's a resolution. If you decide to pursue a lawsuit, you’ll need to prove negligence and financial harm. Are you interested in connecting with local lawyers who can assist with your case?
Yes
Case Rating: *
Great, it might be a high-value case. Let's proceed with gathering some details to connect you with local lawyers who can assist you better. Could you please provide your phone number?