Buyer Of Real Property May Not Rely On Appraisal Ordered By Lender.

Plaintiff entered into a written contract to buy vacant land. His lender hired a real estate appraiser to perform an appraisal of the property. Upon determining the property he purchased was unsuitable for his purposes, plaintiff brought an action against the appraiser for negligent misrepresentation, alleging the property value in the appraisal was in excess of the true value of the property. The trial court granted summary judgment in favor of the appraiser. In affirming the appellate court stated: “[Plaintiff] failed to raise a triable issue of material fact to show the [appraisers] intended to supply information to him to influence his decision whether to buy the property.” (Willemsen v. Mitrosilis (Cal. App. Fourth Dist., Div. 3; October 14, 2014) 230 Cal.App.4th 622, [178 Cal.Rptr.3d 735].)