Real Estate Appraisers Under Investigation
August 18, 2008
It had to come sooner or later, but now real estate appraisers are under investigation
. Why you may ask. Quite simply, real estate appraisers are supposed to determine a homes value without any outside pressures that would skew the numbers to “make a deal happen”. But, all too often, some unscrupulous real estate agents or mortgage loan officers pressure the real estate appraiser to make sure that the home is sufficiently valued to ensure that the deal happens. Some persons are calling for a complete reform of the industry and methodology utilized currently to police and monitor the situation.
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