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In Appraisal Shift, Lenders Gain Power and Critics

Started by stevejhx
over 16 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
Mike Kennedy, a real estate appraiser in Monroe, N.Y., was examining a suburban house a few years ago when he discovered five feet of water in the basement. The mortgage broker arranging the owner’s refinancing asked him to pretend it was not there. http://www.cnbc.com/id/32476258 Fraud in real estate?! Thankfully it could NEVER happen in Manhattan!
Response by alanhart
over 16 years ago
Posts: 12397
Member since: Feb 2007

Already linked and ignored on http://www.streeteasy.com/nyc/talk/discussion/13930-how-much-does-an-appraisal-cost

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Response by waverly
over 16 years ago
Posts: 1638
Member since: Jul 2008

Steve, an indoor pool adds a lot of value to a home in Monroe, NY.

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Response by Riversider
over 16 years ago
Posts: 13572
Member since: Apr 2009

good link..

http://www.streeteasy.com/nyc/talk/discussion/13944-ny-times-on-appraisalsagainthis-time-doing-a-better-job-of-it

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