The Insanity of Appraisals; Then and Now

house-on-calculatorDemand That Your Lender Use a Local Area Appraiser!

We all know that a great deal of the Real Estate market crash was due, at least large in part to, irresponsible lending (and borrowing). That inflated property values certainly played a role, is no secret and indeed, something had to be done to change things. BUT, wait until you see just how far the pendulum has swung to the opposite but equally insane side of the spectrum. As a follow up to our last blog Appraisal Rebuttals; The Cure for a Schizophrenic Market I will outline how appraisals used to be ordered and how they work (or don’t) now. If you own property, plan on owning property, or at all have a stake in the real estate market, this will be of interest to you.

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