Comments on: An Inflated Appraisal Scheme With A Twist http://www.biggerpockets.com/renewsblog/2009/05/11/inflated-appraisal-scheme-twist/ Learn, Network, Invest Tue, 24 Nov 2009 01:41:51 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Keegan http://www.biggerpockets.com/renewsblog/2009/05/11/inflated-appraisal-scheme-twist/comment-page-1/#comment-66407 Keegan Mon, 22 Jun 2009 17:20:00 +0000 http://www.biggerpockets.com/renewsblog/?p=5230#comment-66407 Its very sad that there is so much corruption going on. Real estate was something that didn't take much thought because it was hard to loose money on but now you have to really think about the returns. Its very sad that there is so much corruption going on. Real estate was something that didn’t take much thought because it was hard to loose money on but now you have to really think about the returns.

]]> By: nicky http://www.biggerpockets.com/renewsblog/2009/05/11/inflated-appraisal-scheme-twist/comment-page-1/#comment-65639 nicky Fri, 15 May 2009 05:19:00 +0000 http://www.biggerpockets.com/renewsblog/?p=5230#comment-65639 When home prices were soaring, one of the driving factors was that appraisers, pressured by loan officers and mortgage brokers, kept hyping home values. one should follow guidelines to reduce the pressure that real estate appraisers feel to boost home values. <abbr><em>nicky’s last blog post: <a href="http://businesdevelopment.org/?p=12" rel="nofollow">AERIAL PHOTOGRAPHY, LOW COST FROM aircraft RADIO CONTROLLED</a></em></abbr> When home prices were soaring, one of the driving factors was that appraisers, pressured by loan officers and mortgage brokers, kept hyping home values. one should follow guidelines to reduce the pressure that real estate appraisers feel to boost home values.

nicky’s last blog post: AERIAL PHOTOGRAPHY, LOW COST FROM aircraft RADIO CONTROLLED

]]> By: michelle http://www.biggerpockets.com/renewsblog/2009/05/11/inflated-appraisal-scheme-twist/comment-page-1/#comment-65573 michelle Thu, 14 May 2009 05:57:06 +0000 http://www.biggerpockets.com/renewsblog/?p=5230#comment-65573 Some homeowners use inflated appraisals to pull more equity out of their home than they have in it. Michelle. Some homeowners use inflated appraisals to pull more equity out of their home than they have in it. Michelle.

]]> By: Cindy http://www.biggerpockets.com/renewsblog/2009/05/11/inflated-appraisal-scheme-twist/comment-page-1/#comment-65540 Cindy Mon, 11 May 2009 16:44:31 +0000 http://www.biggerpockets.com/renewsblog/?p=5230#comment-65540 Many consumer org's, economists, and others have seen this going on for years. It's a widespread problem, not at all an isolated incident. This industry was instrumental in creating an artificial housing bubble, and the resulting bust was not only predicted, but was ignored by govt and industry alike. Mainstream media has largely ignored the problem and is still talking of housing prices as if they need to be kept propped up. News shows still give air time to real estate shills who tell us it's a great time to buy a house. Prices are still way out of line with incomes, and now that the economic meltdown has resulted in predictable job losses, even fewer people will be buying, at any price. It's a shame that to find out what is/was really going on, a person has to be online, tuned into the internet, and alternative news sites, blogs, etc, and become a good researcher. They cannot rely on mainstream news becasue then they will feel incidents like this--if they even learn of them--are just flukes. They are not. Many consumer org’s, economists, and others have seen this going on for years. It’s a widespread problem, not at all an isolated incident. This industry was instrumental in creating an artificial housing bubble, and the resulting bust was not only predicted, but was ignored by govt and industry alike. Mainstream media has largely ignored the problem and is still talking of housing prices as if they need to be kept propped up. News shows still give air time to real estate shills who tell us it’s a great time to buy a house. Prices are still way out of line with incomes, and now that the economic meltdown has resulted in predictable job losses, even fewer people will be buying, at any price. It’s a shame that to find out what is/was really going on, a person has to be online, tuned into the internet, and alternative news sites, blogs, etc, and become a good researcher. They cannot rely on mainstream news becasue then they will feel incidents like this–if they even learn of them–are just flukes. They are not.

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