Appraiser Sues WaMu
January 18th, 2008A Califoronai appraiser has filed a lawsuit against Washington Mutual alleging that she was blacklisted after reporting that home prices were falling. Last May, she became convinced that home prices were falling in her region so she marked a box in one of her reports indicating that prices were declining. A WaMu sales manager contacted the appraiser following the report and instructed her to check the box indicating that prices were stable. She refused. WaMu then took her off the bank’s preferred appraiser list and has not received more work from the bank. The lawsuit is pending in California state court.