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No Liability for Bad Draft Appraisal

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READ THE FULL DECISION: Virginia Oak Venture, LLC v. O.D. Fought, Jr.

A Texas court has determined that a commercial property purchaser’s reliance on a draft appraisal provided to the originating lender was unjustifiable.

Jane Tang and her company, Virginia Oak Venture, LLC (“Purchaser”), bought an apartment complex (“Property”) as an investment property…. Read More

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