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Is Appraisal Fraud Still a Valid Claim?

Livinglies's Weblog

It should come as no surprise that 10 years after the crash, Bloomberg reports that most U.S. homes are worth less now than before the crash, with many homes worth less than when they were purchased or refinanced long before the crash. Appraisal fraud was thus institutionalized to the dismay of the licensed appraisers and subsequent “drive-by” appraisals done by real estate agents. The question is whether this fraud is NOW actionable. I think it is.
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Based on over one hundred years of analysis and research, most economists agree with the Case-Schiller conclusion that in the end, the fundamental factor in housing prices is median income of people who own or would like…

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