The third appraisal
As Duffy sought extra scrutiny of her two lowest appraisals, the assessment that resulted in the highest valuation of her home — and left her feeling vindicated — also was being scrutinized.
Conducted by appraiser Kenneth Abbring of Greencastle, that review valued Duffy's home at $259,000.
Abbring and his attorney, Alex Beeman, did not respond to multiple IndyStar requests for comment.
In 2022, Abbring's appraisal report for Quicken Loans LLC underwent a FHA review
. The federal agency, which exist within HUD, found several deficiencies, such as omitting the name and characteristics of the neighborhood, and assuming without justification that sales from other areas replicated the neighborhood and property characteristics.
HUD also noted that Abbring failed to develop a site value for Duffy's property and the Flanner House Homes National Historic District, resulting in the appraised value exceeding the sales price of improved properties in the neighborhood in the preceding 24 months.
The improved property value, according to the report, exceeded any home sale in the neighborhood until that time by 43.8%.
what is there to investigate...
