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Expert Analysis

Calif. Court Clarifies Lender Liability For Appraisals

Law360, New York (July 1, 2014, 10:23 AM EDT) -- In its recent decision in Graham v. Bank of America NA, the California Court of Appeal for the Fourth Appellate District held that predictions made by a lender and related defendants relating to a buyer's real estate investment or the fair market value for property in the future were not actionable fraudulent misrepresentations. Similarly, the court held that plaintiff's claim under California's unfair competition (UCL) was neither unlawful, unfair or fraudulent....

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