foreclosures-in-black-communities-due-to-overvaluation 
Appraisers Blog
FEBRUARY 28, 2024
This really ticks me off. These people claim to be advocates for a certain group of people when they are actually ripping them off. They claim systemic racism yet they are doing this to their own people. For the government to allow this to go on causing harm to people is beyond me. Is it not one of the basic rules is to protect the citizens?
Appraisers Blog
JANUARY 11, 2024
Yes, was looking at this yesterday. Searching is a little tough, just have to use the quotation marks. Keyword; “Metro Dream Homes” / Many articles to read. link] ‘Third party companies’. What could ever go wrong?
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Appraisers Blog
JANUARY 11, 2024
By offering significantly more than the list price, many Blacks were left with foreclosures & properties worth far less than what they paid.
Appraisers Blog
JANUARY 11, 2024
In reply to Truett Neathery, Retired. That’s a new term. What is that? So it turns out that the race of the appraiser is actually a non issue? Thought so.
Appraisers Blog
JANUARY 19, 2024
Yet that may be the bias that actually exists if either of the parties is a minority and the appraisal stretches to support the contract price (overvalue) so as to avoid a complaint of racial bias. coming in at the contract price means nobody complains, and if nobody complains then they can’t blame racial bias. of course it does.
Appraisers Blog
FEBRUARY 28, 2024
In reply to Todd Redington. There is a whole lot of truth in what you are saying. Excellent points! I ask 100% of the time how did you arrive at the contract price? 99.999 of the time the answer is “that is what the seller wanted” When they are told that the market will not support the contract price they become indigent.
Appraisers Blog
JANUARY 11, 2024
I came across a fraud scheme several years ago involving a community of fourplexes, where the sellers falsely purchased a few model matches for well-above market – with fraudulent appraisals – to then use as comps for real sales. Yet another instance of gov’t ineptitude.
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