Sellers Cannot Look to the Appraiser When Lenders Pull the Plug on a Prospective House Flip
By: Eric Spencer An outgrowth of Arizona’s housing downturn in recent years has been the proliferation of would-be real estate investors who purchase, renovate and flip residential properties. On the other hand, in part to prevent the next downturn from occurring, lenders have tightened borrowing requirements and balked at financing any purchase of a “flipped” […]
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3 min read
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Tagged: appraisal, appraiser liability, Restatement of Torts §552, Southwest Non-Profit Housing Corp. v. Nowak
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Eric Spencer
Partner