SPECIALIZED COMMERCIAL LENDING INC v. MURPHY BLOSSMAN APPRAISAL SERVICES III ABC
Court of Appeal of Louisiana,First Circuit.
SPECIALIZED COMMERCIAL LENDING, INC. v. MURPHY-BLOSSMAN APPRAISAL (MAI, APPRAISAL INSTITUTE, AI ) SERVICES, L.L.C., Rick Murphy, A.R. Blossman, III, and ABC Insurance Company.
No. 2007 CA 0100.
Decided: November 02, 2007
This is an appeal from a judgment in favor of a lender and against a real estate appraisal company for the loss of collateral resulting from the latter's failure to verify that homes were being constructed as represented, for which loan funds were advanced. For the reasons that follow, we affirm the trial court judgment in part and reverse in part.
AI, MAI, APPRAISAL INSTITUTE.
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