SPECIALIZED COMMERCIAL LENDING INC v. MURPHY BLOSSMAN APPRAISAL SERVICES III ABC | FindLaw

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MURPHY'S LAW

SPECIALIZED COMMERCIAL LENDING INC v. MURPHY BLOSSMAN APPRAISAL SERVICES III ABC

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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

Before WHIPPLE, GUIDRY, and HUGHES, JJ. Andrew A. Braun, Daniel G. Rauh, New Orleans, LA, for Plaintiff/First Appellant Specialized Commercial Lending, L.L.C. David S. Daly, Metairie, LA, for Defendant/Second Appellant Chicago Insurance Company. Joseph G. Glass, William J. Guste, IV, Metairie, LA, for Defendant/Appellee Murphy-Blossman Appraisal Services, L.L.C. Michael P. Bienvenu, Baton Rouge, LA, Counsel for Defendant/Appellee Richard L. Murphy. Robert S. Stassi, New Orleans, LA, for Defendant/Appellee A.R. Blossman, III. Brian B. Brown, Mandeville, LA, In Proper Person for Third Party Defendants/Appellees, Brian B. Brown, Brian B. Brown Construction, Inc., and Bacmar Enterprises, Inc. Angela P. Miles, Mandeville, LA, In Proper Person for Third Party Defendant/Appellee, Angela P. Miles.

 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.