Village of Penland development

TODD KING (Charlotte) obtained summary judgment for two real estate appraisers accused of negligence, unfair and deceptive trade practices, and conspiracy by plaintiffs who purchased lots in the failed Village of Penland development.  Plaintiffs claimed their loans totalled over $4,000,000.  MR. KING effectively showed that the deposition testimony given by the plaintiffs effectively precluded their argument that they relied on the defendants’ appraisal reports prior to purchasing the properties.