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    “Money is one of the most important subjects of your entire life. Some of life's greatest enjoyments and most of life's greatest disappointments stem from your decisions about money. Whether you experience great peace of mind or constant anxiety will depend on getting your finances under control.” -Robert G AllenThe average
    isals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated va
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    In a recent article by the Bureau of National Affairs some staggering information was reported. In the article we learn that over 25% of appraisers admitted to inflating approximately 50% of their appraisals! Approximately 55% of appraisers reported that they are pressured by realtor's or mortgage brokers to meet predetermined values (contract sales prices). According to Fannie Mae, 99.5% of appraisals meet the contract price. So there you have it. Properties are appraised everyday for amounts significantly in excess of their real values to meet pressures for sales prices and financing. This is problematic because of what it does not only to the property in question, but to the market as a whole.

    Consider the fact that one of the most common appraisal techniques used is the Market Value approach. If a minimum of 12.5% of appraisals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated va

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    proximately 55% of appraisers reported that they are pressured by realtor's or mortgage brokers to meet predetermined values (contract sales prices). According to Fannie Mae, 99.5% of appraisals meet the contract price. So there you have it. Properties are appraised everyday for amounts significantly in excess of their real values to meet pressures for sales prices and financing. This is problematic because of what it does not only to the property in question, but to the market as a whole.

    Consider the fact that one of the most common appraisal techniques used is the Market Value approach. If a minimum of 12.5% of appraisals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated va

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    t price. So there you have it. Properties are appraised everyday for amounts significantly in excess of their real values to meet pressures for sales prices and financing. This is problematic because of what it does not only to the property in question, but to the market as a whole.

    Consider the fact that one of the most common appraisal techniques used is the Market Value approach. If a minimum of 12.5% of appraisals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated va

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    does not only to the property in question, but to the market as a whole.

    Consider the fact that one of the most common appraisal techniques used is the Market Value approach. If a minimum of 12.5% of appraisals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated va

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    isals (25% of the appraisers inflate 50% of their values) are inflated, and those appraisals are used to justify other property sales prices, then those inflated values are used to justify additional inflated values, (etc. etc. etc.) how long does it take before virtually all properties are using artificially inflated comparable numbers to justify sales prices.

    It is no wonder that the housing market has taken a downturn. People are paying too much and a lot of them simply can’t afford what they have bought. In addition, this fact alone will have kept many many buyers out of the market unfairly. While you will not see this article on the front page of any newspaper, it is a very big deal. It is fraud. I don’t know a nice way to say it.

    I do not want to imply that all appraisers are derelict in their duties. However, when any appraiser accesses past sales data in order to produce comparable values, and that data has been arbitrarily inflated, even the majority of appraisers who are honest and fair will produce appraisal values h

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