Tuesday, April 19, 2005

Home Appraisal Fraud - A White Paper

On the demos-usa.org site, they've posted a white paper study on the effects of home appraisal fraud. In a nutshell, unscrupulous brokers hire unscrupulous appraisers to inflate the appraised value of the home. This let's the commissioned broker get credit for a higher loan. Unfortunately, it robs homeowners of their equity and locks them into a house that they can't afford.


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