Appraisal News For Real Estate Professionals

2006/03/14

"Stealing The Dream" Report - Predatory Appraisals

Predatory appraisal practices are currently and quietly stealing equity from homeowners nationwide and, in the process, threatening the safety of the entire market place. What IS a "predatory appraisal"? As lenders and other industry insiders pressure appraisers to inflate home values, many consumer find themselves struggling with a higher mortgage than home equity and even the possibility of foreclosure. However, the impacts of abusive appraisal practices do not stop there. Predatory appraisals destroy entire communities, leave the secondary market in extreme risk and endanger the market place as a whole. These abuses must end before the American Dream is stolen from the entire nation. For more information, please read Predatory Appraisals: $tealing the American Dream here.

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