Steven R. Smith

Housing's the Key to Economic Recovery

What if another Crash in residential real estate was in the offing, spurred by the huge volume of current sales to buyers who had no down payment except what the government gave them, that purchased with 97% FHA loans, with help from the Sellers that was hidden from the Appraisers?

Seriously, is it possible that the Housing Market has been shored up artificially? And, what role in it has the Appraiser played?

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.

Housing Prices Projected to Fall Through End of Decade

The run up in pricing could not have happened without the help of Appraisers willing to fudge values 5-25% per deal to help make the deals work. In the end, the losses will be recovered on the insurance policies of appraisers who worked for a fraction of what a real appraisal should cost.