New York Court Allows Lawsuit Over Bogus Home Appraisals
The Court of Appeals rejected the defendants’ argument that federal law precluded the state from pursuing claims alleging fraud and violations of real estate appraisal independence rules. It upheld a June 2010 ruling by an intermediate state appeals court.
The eAppraiseIt unit is now part of CoreLogic Inc., which was created when First American split last year into that company and First American Financial Corp.
(Reporting by Jonathan Stempel in New York, editing by Gerald E. McCormick)
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