real-estate
How do we sue an appraiser who violated professional standards?
<p>We applied for a residential real estate mortgage and the bank sent a licensed appraiser.  Both our insurance appraisal and the property tax assessment valued our home at over $1M and the bank’s appraiser valued our home at $830K.  The state found the appraiser to have violated professional standards.  The loan officer withdrew our application because the new loan-to-value was too low to pay off another mortgage.  We are paying higher interest on the other mortgage.</p>

<h2>You can’t</h2>
<p>The appraiser was contracted by your prospective bank and any duty they owed under the contract to observe professional standards was to the bank, not you.</p>
<p>To be liable in the tort of negligence, you would have to demonstrate that they owed you a duty of care. They didn’t. Their duty was to their client and the inherent conflict of interest prevents them owing a duty to you.</p>
