Archive | Appraisers

Case Alert: Negligence Action Regarding Misclassification of Appraised Property is Time-Barred

The Appellate Division, Fourth Department recently decided a case we thought might be interesting to appraisers: Nothnagle Home Securities Corp. v Bruckner, Tillet, Rosse, Cahill & Associates and Patrick W. Cahill, NY Slip Op 01342 (February 13, 2015). The case involved a negligence and breach of contract action brought by homeowners against the appraisal company, alleging that the defendants had negligently appraised a parcel of real property: they had misclassified of the structure on the property as a modular home rather than a manufactured home. As a result of the… read more

Posted in Appraisers, New York
Read more > 0

The 2015 Real Estate Economic Forecast

Dr. Mark Zandi, presenting the 2015 Economic Forecast held by the Metropolitan New York Chapter of the Appraisal Institute I attended the 2015 Economic Forecast held by the Metropolitan New York chapter of the Appraisal Institute as the guest of William Picoli, MAI. The guest speaker was Mark Zandi, PhD, the Chief Economist of Moody’s Analytics. Dr. Zandi is one of America’s leading economists. He was optimistic about the 2015 economy. He predicted that 2015 would be a good year, and so would 2016. He predicted that the economy would… read more

Posted in Appraisers, Economy, New York, Real Estate
Read more > 0

Michael Rikon to Present on Cross Examination at ALI CLE Conference in San Francisco

Michael Rikon will be presenting on the “Cross Examining Appraisers: Taking Apart the Key Witness” at this year’s ALI CLE Eminent Domain and Land Value Litigation Conference. The Conference will be held at Hotel Nikko in San Francisco from February 5-7, 2015. Registration is now open by clicking here. What follows below is an advance look at Mr. Rikon’s comments and article he will share at the conference. His presentation will cover such topics as USPAP standards, prior appraisals, impeachment of the expert, and examining the appraiser’s sources. We hope… read more

Posted in Appraisers, Continuing Legal Education, Litigation, Published Articles, Speaking Appearances
Read more > 0

Games Condemnors Play: When Appraisers Lose Credibility

  In his book, “Expert Witness in the Legal System: A Scientist’s Search for Justice,” Morris S. Zedek wrote that in 2001, the Committee on Criminal Advocacy of the Association of the Bar of the City of New York surveyed judges about the prevalence of perjury in the New York metropolitan area. In regard to expert witnesses, of the thirty judges who responded, 50 percent said they encountered occasional perjury. This is not surprising to a trial lawyer. In condemnation cases, most reputable appraisers do not commit perjury. They may… read more

Posted in Appraisers, Eminent Domain, Highest and Best Use, New York, Recent cases, Trial Preparation
Read more > 0