Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Photos

Posted on: 22nd Mar, 2011 02:21 pm
As an appraiser or anyone suppose you took exterior and interior photos of a famous person's house. That person dies and the house is sold. You find all those interior shots are valuable. The photos are salable to a national magazine. What would you do?
Hi Halbert,

As someone else had purchased the property now, you need to contact that person and take his permission in order to sell the photographs to a national magazine in order to publish them.
Posted on: 22nd Mar, 2011 08:11 pm
That is a very good question. It would actually be up to the lender, believe it or not, assuming the appraisal was done for a loan. For these assignments, the lender is the client and client confidentiality is only inclusive of those items which the client identifies as confidential. If the lender does not identify the photos as confidential, they could very well be published. Most of the time, it is not necessary anyway because most large homes are advertised on the internet without copyrighted photos.
Posted on: 25th Mar, 2011 05:57 pm
Hi Halbert,

In my opinion you should take prior permission from the new homeowner because although the photos are of the famous personality, house is also shown in those pictures and which is currently owned by the new home owner.So in my opinion you should first contact the new homeowner and with his/her prior permission you can go ahead with the deal....As the famous quote.........Prevention is always better than cure.............

Feel free to ask any further query if you have....

DIPA
Posted on: 21st Apr, 2011 03:06 am
I still see no legal obligation to get permission from the current owners. You have sufficient evidentiary support that the photos were taken prior to the transfer of property ownership (in the form of the completd appraisal report dated as well as a time stamp on the digital photos) and there was no specification of photo confidentiality in the appraisal engagement letter.

While it may be good "karma" to get permission, there is no specific requirement to do so.
Posted on: 21st Apr, 2011 10:07 am
Page loaded in 0.097 seconds.