- Miller Samuel Real Estate Appraisers & Consultants - http://ms.clash.outthinkgroup.com -

[Commentary] Blatant Lender Pressure on Appraisers is Alive and Well

[1]

Think lender pressure on appraisers is a distant memory?  Think again.  Here is some commentary on a new report that indicates appraisal fraud is up 50% over the past year.  It is laid out in Kenneth Harney’s excellent column in the Washington Post.

Despite 2009 restrictions, mortgage and appraisal fraud spiked [2]

I also provide commentary on a recent episode with a bank client we now refuse to work with who pressured our firm to raise the appraised value of a property or they would not pay us for services already rendered.

In fact, they didn’t really understand what they were saying.