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Misty Williams on Real Estate ~

Appraisers feeling pressure

May 17th, 2007, 6:36 pm · Post a Comment · posted by mistywilliams

Some 71 percent of appraisers surveyed for a 2007 study say mortgage brokers have applied pressure on them to boost residential property value estimates for loan approvals, compared with only 60 percent in 2003. And 75 percent of those appraisers say they either lost the client or didn’t get paid if they refused.That’s according to a recent survey conducted by market information provider October Research Corp. for Forsythe Appraisals LLC in St. Paul, Minn. To read more click here.

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