Home Appraisals
Reappraising Home Appraisers
Thursday, August 20, 2009
After being blamed for helping to inflate home values during the housing boom, the appraisal business is again coming under fire.
Squeezed by a drop in fees, some appraisers are compensating by driving long distances to handle more assignments. Their wanderings are raising questions about whether they know enough about the neighborhoods to accurately assess the value of homes — which has implications for both home buyers and owners.
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