Tag: Appraisals

Real Estate Appraisals In The Time Of Coronavirus

Real Estate Appraisals In The Time Of Coronavirus
I’ve written a few blog posts about real estate appraisals in the past – most recently this one about the inherent biases in the appraisal process that make them kinda worthless. That one also contains a link to an earlier one on some of our worst experiences with real estate appraisals. Well, with the Coronavirus... Read more »

Don't Put Too Much Faith In That Real Estate Appraisal

Don't Put Too Much Faith In That Real Estate Appraisal
3 1/2 years ago I wrote a blog post about some of our worst experiences with real estate appraisals and some of the systematic problems with that entire process. Needless to say that post was not well received by many real estate appraisers out there. Not surprisingly, they wouldn’t really admit to any problems in... Read more »

An Appraiser Responds To My Post On Bad Real Estate Appraisals

An Appraiser Responds To My Post On Bad Real Estate Appraisals
My post last week on Bad Real Estate Appraisals And The Appraisers Who Create Them got a lot of interest among appraisers and generated a ton of comments from them (go figure!). However, I received one particularly long and well articulated comment from one appraiser who ran into technical difficulties trying to post his comment.... Read more »
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Bad Real Estate Appraisals And The Appraisers Who Create Them

Bad Real Estate Appraisals And The Appraisers Who Create Them
Every so often a real estate transaction can be a bit like Alice In Wonderland – especially when it comes to real estate appraisals. You see, in order for a buyer to get a mortgage his/ her lender has to appraise the property to ensure that it will provide adequate collateral for the mortgage. The... Read more »

Attempting To Raise Home Prices With Crazy Laws

What do you do if you are a politician concerned about declining home prices? Simple. You do what politicians do – create a law designed to raise prices. In Illinois, Maryland, Nevada, and Missouri legislators have proposed laws that would prohibit the use of foreclosure sales in appraisals. The Illinois law, HB 0092, would be... Read more »