• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Appraisal Buzz Finally Publishes Something Worth Reading

Status
Not open for further replies.

Steve Owen

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Missouri
Article on appraisal fraud. My favorite quote:

The Appraisal Institute worked closely with Rep. Jan Schakowsky’s
(D-Ill.) office to modify language found in her soon-to-be-reintroduced bill, the “Save Our Homes Act.” The bill would make it illegal for lenders, brokers or real estate agents to coerce or intimidate appraisers with respect to the value of the home they are appraising.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
We have that in Texas. The only effect is that you are off their list if you don't make their value. It still continues, just in other ways than overt threats.

Roger
 

bobburnitt

Junior Member
Joined
Jan 16, 2002
Roger,

The first time I read the law you are referring to, I laughed out loud.

The way it is written, it doesn't become a crime until they pay the appraiser. In fact, that's exactly how it begins; Blah, blah...........it is unlawful in the state or Texas to PAY an appraiser for a......blah, blah, yada, yada,.......phony appraisal.........yada, yada.

Browbeating, threatening, boycotting, and the like are still O.K.

The law is a bunch of Bat *hit.

BB
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks