Relevant:
- Lofty Valuations and Smart-Money Positioning Portend Ill
- Sellers Cutting Prices Due to Low Appraisals - Realtors say conservative appraisals holding back housing recovery
- Countrywide Sued for Blackballing Appraisers
- Real estate appraisers take it on the chin
- Fannie Mae to prohibit lenders from changing home appraisals
2010-04-04 — palmbeachpost.com
"A run-up in housing prices contributed to the downfall of real estate, but now some appraisers fear low-ball valuations could lead to the next market muddle.
They say a new federal rule to speed up short sales will increase banks' reliance on broker price opinions — cheaper, quicker and unregulated home valuations that some argue could lead to an emerging type of mortgage fraud called "flopping."
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