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How Low-ball Appraisals Are Limiting the Housing Recovery

Overly conservative appraisal standards are holding back many real estate transactions

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October 4, 2011 RSS Feed Print

It's a fee that may be worth the effort, considering that a new appraiser can deliver very different results, real estate professionals say.

Tags:
housing,
housing market,
economy,
real estate

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I think appraisers are to blame for the most part. I just read an article published by a Certified Appraiser who is also a Licensed Broker and Realtor, he laid out the exact issues very well which goes along with this article. www.facebook.com/justinsREP

David of CA 6:27PM March 20, 2013

I am amazed to see anyone covering this story. This is the crime of the century yet the media refuses to cover it for fear of alienating the lender that keeps them afloat.

Watch for the upcoming documentary on : BankRape.com

Retired Appraiser of KY 1:14AM April 05, 2012

Good. Maybe if the housing market remains in the dumps for another decade consumers will wake up to the fact that APPRAISERS ARE BEING EXTORTED with the blessing of the U.S. government.

Do you honestly believe that consumers are going to get a fair (hence intelligent) valuation on their property when banks are allowed to bid the jobs out to the lowest bidding (least intelligent) appraiser? Make no mistake that is what's taking place. Other than Ken Harney of the Washington Post, the media refuses to cover this story.

I say let the housing slaughter continue until the media wakes up and does their job.

Ex Appraiser

Ex Appraiser of KY 2:50PM February 22, 2012

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