Mr. Goodrich has extensive experience in appraisal of properties for Ad Valorem purposes, not only for Market Value, but also for an “Equal and Uniform” basis. Few appraisers have expertise in this latter specialty. The majority of these properties range in value from $5 million and up. Mr. Goodrich was engaged as a valuation consultant for a large Central Appraisal District in the D/FW area to assist them in determining whether and when a market shift had occurred as the sub-prime mortgage crisis began to unfold in 2007-2008. Mr. Goodrich recently was honored by the North Texas Chapter of the Appraisal Institute for his paper entitled “Can I use REO (foreclosed properties) as Comparables”.
Mr. Goodrich also has extensive experience in reviewing appraisals. He Recently served as a consulting and testifying expert for two major law firms engaged by the FDIC in conjunction with litigation against two publicly traded AMC's. The cases involved several hundred appraisals nationwide. As a consulting expert, he helped identify and engage highly qualified local appraisers throughout the U.S. to perform retrospective field reviews on the original appraisals. As a testifying expert, opined as to the USPAP compliance of the original appraisals and the original reviews performed for the lender and also opined as to the USPAP compliance of the retrospective field reviews done by the FDIC experts. Both cases went through the deposition stage but settled prior to trial.
Mr. Goodrich has also served as a consultant to the FBI in a large mortgage fraud case in North Texas.
Mr. Goodrich has appraised a wide range of residential properties for the purpose of Estate Valuation and Divorce Settlements. He has testified on many occasions in depositions and in court. He recently was called as an expert witness in conjunction with a $10 million residential property.
Mr. Goodrich has served as an expert witness for both homeowners and builders on several cases involving construction issues and property defects including stigma. These cases involved foundation failure, adverse drainage issues, mold, and a wide range of faulty construction issues. Mr. Goodrich recently was recognized by the North Texas Chapter of the Appraisal Institute for his paper entitled “Evaluating Stigma in Single Family Homes”.