2010-04-04palmbeachpost.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."


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread