Thursday, September 11, 2008

Appraisal Problems Worsened Meltdown

http://www.washingtonpost.com/wp-dyn/content/article/2008/08/22/AR2008082201542_2.html

Above is a link to an article about how rising home prices have affected real estate appraisals and how some appraisers have reacted to same by inflating home values in response to agents and brokers whose commissions are determined by the size of the transactions. It also discusses how state and federal agencies charged with oversight have failed to correct the problem.

No comments: