North Miami foreclosure attorney David H. Charlip (https://charliplawgroup.com/foreclosure-defense-and-appraisal-fraud/) of Charlip Law Group has released an article on foreclosure defense and appraisal fraud. The article provides insight into the appraisal process and how it can be used to induce buyers into buying homes that are worth significantly less than the appraised value. Charlip’s article explains how this practice, known as appraisal fraud, was a contributing factor in the housing crisis.
The North Miami Foreclosure Attorney emphasizes the importance of being vigilant during the appraisal and loan application process to avoid or at least spot appraisal fraud. He notes that there are red flags that every homeowner should watch out for, including using comparable homes for pricing that are not similar to the home to be purchased and ordering the appraisal before the loan application is submitted. Charlip advises potential homeowners to consider paying for their own independent appraisals, especially if purchasing the home in order to flip it.
“If an appraiser’s fraudulent valuation is material in inducing a buyer to purchase a certain home that he or she would otherwise not have purchased, the buyer may be able to sue the appraiser for the fraudulent misrepresentation in some circumstances,” the North Miami Foreclosure Attorney states in the article. “In order to use a fraudulent appraisal as a defense to foreclosure, the buyer may have to prove that the lender was aware of the fraudulent nature of the appraisal and still went on to approve the mortgage that was based in part on the appraised value.”
Charlip’s article serves as a reminder to homeowners facing foreclosure that there may be defenses available to them. He encourages homeowners to discuss their options with an experienced North Miami foreclosure attorney before making any decisions on how to proceed.
“At Charlip Law Group, L.C., we understand the complexities of foreclosure defense and appraisal fraud cases,” Charlip says. “Our team is dedicated to helping our clients protect their homes and their rights throughout the legal process.”
Charlip’s article highlights the importance of being vigilant during the appraisal and loan application process to avoid falling victim to appraisal fraud. He emphasizes the need for homeowners facing foreclosure to seek the guidance of an experienced North Miami foreclosure attorney.
Individuals who are experiencing foreclosure may have legal defenses available to them. It is recommended that they consult with their attorney to explore their options before taking any action. The Charlip Law Group, L.C., which has experienced North Miami foreclosure attorneys, offers consultation services to assist clients in understanding their legal options.
About Charlip Law Group, L.C.
Charlip Law Group, L.C., is a Miami-based law firm that handles a wide range of legal matters, including foreclosure defense, real estate law, business law, and more. The firm is led by North Miami foreclosure attorney David H. Charlip, who has over 30 years of experience practicing law. The team at Charlip Law Group is committed to providing personalized legal representation and exceptional service to each client.
Charlip Law Group L.C.
David H. Charlip
999 Brickell Ave Ste. 840