Federal Savings & Loan Insurance v. Texas Real Estate Counselors, Inc.

KING, Circuit Judge:

Texas Real Estate Counselors, Inc. (“TREC”) appeals from the district court’s judgment holding it fifty-one percent responsible for damages resulting from a negligent appraisal of real estate. It contends that (1) the three grounds of negligence found by the district court are clearly erroneous; (2) the district court erred in calculating the plaintiff’s damages; and (3) the district court abused its discretion in awarding prejudgment interest at the rate of ten percent per annum. For reasons set forth below, we vacate the judgment of the district court and remand the case…