Over the next few years, the issue of “over appraisal” will be the subject of increased regulatory scrutiny and legal challenges that will force mortgage lenders to change their property valuation practices. Compliance experts say more lawsuits are likely to be brought under the federal Sarbanes/Oxley Act and state consumer protection acts, as well as by borrowers in foreclosure. As a result, lenders will need to find safer and more reliable means to appraise…