The Daily Dirt - Appraisal Lawsuit - RICO Violation Allegation

01/2009 Vol 2, Issue 1.14 Home Owners Sue in Appraisal Dispute Dear Blog,   Attached is an article in the National Realtor's Magazine about current disputes going on nationally.   Permit me to forward it to you.   By the way, this is yet another GREAT reason to use a Realtor® and not just a licensed real estate broker -- we are plugged into a national network of resources that bring information to you.   If you have any feedback, please let me know (good, bad and ugly) at mj@milehighhomehunter.com     By the way, I have set up some real estate resources for you on Amazon.com.     Are you: Looking for the NEW GOOGLE phone? Check out: T-Mobile G1 with Google Phone Looking for a NEW Blackberry? Check out: Blackberry Smart Phones A first time homebuyer? Check out: The First-Time Homeowner's Handbook Investing in Apartment Buildings? Check out: Investing in Apartment Buildings Investing in Real Estate? Check out: The Pre-Foreclosure Property Investor's Kit Needing tools for your next "Fix n' Flip"? Check out the Amazon.com pre-canned search here  If you are looking for anything else, check out any of the affiliate links under the "Amazon.com: Real Estate" button on the top of my website: www.MileHighHomeHunter.com Market Place Links   Have something to sell? A small business to promote? Contact me to have your link added here:   Shop for real estate books   Shop for home improvement tools    Experience Renewal   Get Financial Renewal Quick Links Foreclosure Homes Market Stats Valued Lender Referral Search for Homes    Join our Mailing List! Don't Forget! Support the Race for The Cure! Help me raise funds for the Race for the Cure! Donate directly to Komen Denver here     Home Owners Sue After Appraisal Dispute    From Realtor® Magazine - 1/13/09   Home Owners Sue After Appraisal Dispute A Seattle couple have filed suit against Countrywide mortgage company, claiming that it violates the Racketeering Influenced and Corrupt Practices (RICO) Act when it hires its wholly owned subsidiary LandSafe for appraisals. The suit says, Countrywide, itself a wholly owned subsidiary of Bank of America, forces home owners to use LandSafe, then subcontracts the work to independent appraisers while charging homeowners as much as 200 percent of the cost of the appraisals. The suit also contends that if independent appraisers do not accept Countrywide's fee structure or appraisal guidelines, they stand the risk of being blacklisted. The suit was filed by Hagens Berman Sobol Shapiro on behalf of Carol and Gregory Clark in U.S. District Court in Seattle. The suit seeks class action status to represent all home owners who purchased or refinanced their homes through Countrywide and LandSafe. Source: Hagens Berman Sobol Shapiro (01/13/09)   "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." - Churchill     Want The Latest Real Estate News? -- Contact me get automated updates for your home, neighborhood or a neighborhood where you are looking to purchase    Click Here To See My New Real Estate Video News Channel! As always, whenever YOU are ready, I am here Bringing The World Home To You™     And, if you know of someone that is looking to buy or sell, I am NEVER too busy for any of your referrals.       Kind regards and happy "Home Hunting",      Michael J. Clarkson   Broker/Owner - Mile High Home Hunter Realty  303.332.6393 MJ@MileHighHomeHunter.com        On the web: http://www.MileHighHomeHunter.com http://www.MileHighForeclosure.com http://www.TheHomeHunterBlog.com http://milehighhomehunter.blogspot.com http://thehomehunterblog.blogspot.com

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