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Fraudulent Appraisals

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Fred Carter

Freshman Member
Mar 21, 2003
Professional Status
General Public
To those who care to follow such things, this morning's Monterey Herald has a front page lead story (a follow-up on a story that was first reported several weeks ago) headlined, "Courts foreclose on houses linked to scam."

The article speaks for itself. Other than to say stuff like this makes you sick, I'll leave the commenting to others.


Travis McGee

Senior Member
Sep 18, 2004
There are numerous cases like this all over the country. The staw buyers were paid $15000 per deal. Wonder how much the appraiser made? $300 per deal? Or did they cut their fee even more to get "volume?."
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