Mortgage Refinancing: Report highlights dangers of real estate appraisal fraud - 2005-03-29
Demos, a non-partisan public policy group, calls attention to the consequences of mortgage appraisal fraud. Mortgage brokers, lenders, real estate agents and developers can exert pressure on appraisers to inflate home values in order to close a real estate transaction, the study notes, and consumers seeking to refinance mortgages of their homes can also promote inflated appraisals, the study notes.
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