Beverly Bayer's (bbayer) Blog

2 brokers disciplined in Colorado:  purchased properties at inflated prices - with the excess funds retuned to the fraudsters under an LLC company - one agent lost his / her license, the other person's RE licensed was suspended for 90 days.  One property in the scheme was listed for sale at $300,...

Andrew Cuomo prior head of HUD, and now the New York State Attorney - has been looking into the mortgage mess and feels that part of the problem is the pressure lenders place on appraisers to help make deals.  He is working with Fannie Mae / Freddie Mac and the Office of Federal Housing Oversite ...

The appraiser's job is to justify the purchase price or value needed . . . . NOT  The appraiser's job is to use the experience, anaylysis of the market data to determine the most probable sales price of the property - as of the valuation date, in the terms of CASH.The borrower is the appraiser's ...