Atlanta CG
Senior Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- Georgia
Now I've seen it all. Review of a list in the mid $600's. Sale at $1.3 Million, some comps same buyer as subject & same mortgage broker. How dumb must an appraiser be? We'll find out, as now I'm reporting my first to the authorities. Turns out this deal is under investigation by the FBI as well, so more than the appraiser & mortgage broker may go down. Have reviewed appraisals over $100k more than the asking price, but 1.5 times the asking???? Obviously not a cheap neighborhood. The scams are no longer limited to buying fixer-uppers & reselling at twice the amount days later.
John from Atlanta
I'm shocked, shocked!
John from Atlanta
I'm shocked, shocked!