TODD KING (Charlotte) obtained summary judgment for a real estate appraiser sued by a lender. The lender hired the appraiser to perform an appraisal prior to funding a loan for the rehabilitation and construction of a house in an upscale neighborhood. The lender brought claims for negligence and breach of contract, claiming that the appraiser overvalued the house by $200,000. Summary Judgment was obtained after MR. KING argued that certain conditions contained within the appraisal report had not been met, and that there was no evidence supporting a breach of the applicable standard of care.
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