Hochstadt v. Sanctuary Homeowner's Ass'n

The issue in this appeal involves the admissibility of testimony by a property appraiser as to the assessed value of a home for tax purposes, in order to demonstrate that damage to the home reduced its value. We hold that the testimony was relevant and should have been admitted.

Hochstadt held by assignment a third mortgage on a home in a development called The Sanctuary. In the late 1980’s the mortgages on the home went into default, and the owners stopped paying their assessments to The Sanctuary homeowner’s association. The Sanctuary brought an action to foreclose a lien for unpaid…