skeptic_IHB
New member
<p>This topic has already been discussed on this forum and on other blogs at length. But I thought this article does a nice job of explaining how appraiser fraud works. I apologize if this has already been posted in another thread.</p>
<p>The article also explains how this fraud leads to fake comps -- artificially inflating the housing bubble.</p>
<p><strong>Appraisal Inflation</strong></p>
<p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/04/20/AR2007042000887.html">http://www.washingtonpost.com/wp-dyn/content/article/2007/04/20/AR2007042000887.html</a></p>
<p>Would those folks with access to the MLS be willing to start posting suspicious listings? Maybe the FBI will start using this site as a resource (we can always dream).</p>
<p>The article also explains how this fraud leads to fake comps -- artificially inflating the housing bubble.</p>
<p><strong>Appraisal Inflation</strong></p>
<p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/04/20/AR2007042000887.html">http://www.washingtonpost.com/wp-dyn/content/article/2007/04/20/AR2007042000887.html</a></p>
<p>Would those folks with access to the MLS be willing to start posting suspicious listings? Maybe the FBI will start using this site as a resource (we can always dream).</p>