Volume 27 - Number 10
March 11, 2010
Appraisal Groups Cite Mortgage Fraud Fears In Opposing Obama’s Short Sales Program
Four organizations representing more than 35,000 real estate appraisers told the Obama administration they are worried that the new government short sale program – particularly its reliance on broker price opinions – could exacerbate mortgage fraud and urged that greater independence be injected into the home valuation process. “We understand the administration is seeking ways to...
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