{"id":2348,"date":"2014-12-02T19:11:15","date_gmt":"2014-12-03T00:11:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2348"},"modified":"2014-12-02T19:11:15","modified_gmt":"2014-12-03T00:11:15","slug":"housing-fraud-is-back-real-estate-industry-intentionally-inflating-home-appraisals-liberty-blitzkrieg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2348","title":{"rendered":"Housing Fraud is Back \u2013 Real Estate Industry Intentionally Inflating Home Appraisals | Liberty Blitzkrieg"},"content":{"rendered":"<p><a href=\"http:\/\/libertyblitzkrieg.com\/2014\/12\/02\/housing-fraud-is-back-real-estate-industry-intentionally-inflating-home-appraisals\/\">Housing Fraud is Back \u2013 Real Estate Industry Intentionally Inflating Home Appraisals | Liberty Blitzkrieg<\/a>.<\/p>\n<div style=\"box-sizing: border-box; padding: 0px; margin: 0px;\">\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\"><strong style=\"box-sizing: border-box; font-weight: bold; line-height: inherit;\"><em style=\"box-sizing: border-box; font-style: italic; line-height: inherit;\">Almost 40% of appraisers surveyed from Sept. 15 through Nov. 7 reported experiencing pressure to inflate values, according to Allterra Group LLC, a for-profit appraiser-advocacy firm based in Salisbury, Md. That figure was 37% in the survey for the previous year.<\/em><\/strong><\/p>\n<\/div>\n<div style=\"box-sizing: border-box; padding: 0px; margin: 0px;\">\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\"><strong style=\"box-sizing: border-box; font-weight: bold; line-height: inherit;\"><em style=\"box-sizing: border-box; font-style: italic; line-height: inherit;\">\u201cIf you thought what was happening before was an embarrassment, wait until the second time around,\u201d said Joan Trice, Allterra\u2019s chief executive and founder of the Collateral Risk Network, which represents appraisers employed by lenders and other companies and has been meeting with regulators to discuss concerns about appraisers being pressured into inflating values.<\/em><\/strong><\/p>\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\">\u2013 From the Wall Street Journal article:\u00a0<a style=\"box-sizing: border-box; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: #3473a6; text-decoration: none; line-height: inherit; background-position: initial initial; background-repeat: initial initial;\" href=\"http:\/\/online.wsj.com\/articles\/dodgy-home-appraisals-are-making-a-comeback-1417480386\">Dodgy Home Appraisals Make a Comeback<\/a><\/p>\n<\/div>\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\">When in doubt, just make shit up.<\/p>\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\">\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\">That seems to be the mantra of the U.S.\u00a0real estate industry. A place where home values must always rise no matter what. After all, there\u2019s nothing better for an economy than\u00a0<strong style=\"box-sizing: border-box; font-weight: bold; line-height: inherit;\"><a style=\"box-sizing: border-box; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: #3473a6; text-decoration: none; line-height: inherit; background-position: initial initial; background-repeat: initial initial;\" href=\"http:\/\/libertyblitzkrieg.com\/2014\/04\/05\/zillow-study-shows-1-in-3-homes-are-unaffordable-meanwhile-vacation-home-sales-soar\/\">pricing out average citizens\u00a0<\/a><\/strong>from their means of shelter.<\/p>\n<p style=\"box-sizing: border-box; font-family: inherit; font-weight: 500; font-size: 0.9rem; line-height: 1.4rem; text-rendering: optimizelegibility; padding: 0px; margin: 0px 0px 1.25rem 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing Fraud is Back \u2013 Real Estate Industry Intentionally Inflating Home Appraisals | Liberty Blitzkrieg. Almost 40% of appraisers surveyed from Sept. 15 through Nov. 7 reported experiencing pressure to inflate values, according to Allterra Group LLC, a for-profit appraiser-advocacy firm based in Salisbury, Md. That figure was 37% in the survey for the previous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[950,1585,1583,1584],"class_list":["post-2348","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fraud","tag-home-appraisals","tag-housing","tag-housing-fraud"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2348"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2348\/revisions"}],"predecessor-version":[{"id":2349,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2348\/revisions\/2349"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}