Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk

Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk

March 15, 2005
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Many Americans have reduced the equity in their home to pay off credit card debts and cover day-to-day expenses. More troubling still is evidence that many appraisers fraudulently inflate property values during the buying or refinancing of homes. This paper explores the implications of appraisal fraud.