NY Court Allows Cuomo Suit Over Bogus Home Appraisals

“NEW YORK, June 8 (Reuters) – New York can proceed with a lawsuit accusing title insurer First American Corp of colluding with Washington Mutual Inc (WAMUQ.PK) to fraudulently inflate home values, a state appeals court unanimously ruled on Tuesday.”

Read the full article at: http://www.reuters.com/article/idUSN0817622320100608

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About Jim MacCrate

Real estate appraiser and valuation consultant for more than 30 years specializing in reviewing real estate appraisals, risk management and quality control.
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