Relevant:
- Appraisal Fraud and the Impact of Valuation on Foreclosure Defense
- Home Valuation Code of Conduct
- FHA Short-Sale Program may have Cost HUD $1 Billion in False Claims
- National Valuation Service - Appraiser Cooperative - Implements FHA Compliant Solutions for Brokers and Lenders
- Appraisers say cheaper valuations open door for short-sale abuses
2010-06-10 — businessweek.com
“As constituted now, the program permits home valuation, the key vulnerability point for a flopping scheme, without a true appraisal,†he wrote. “No program of this type and scale can be considered well designed without robust protections of taxpayer funds against the predation of criminals, particularly given the inconsistent treatment of home valuation.â€
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