House Buyers Fredericksburg: The widely held notion that appraisers are to do an objective job of calculating the market worth of a property is being questioned. Though most are still doing just that, because of a few unscrupulous companies there will be tougher regulation in the near future. There is also a new job term springing up in real estate because of it.
It seems that throughout the bubble burst, appraisers have been approached by some lenders attempting to influence their appraisal outcomes to the advantage of all the players involved in a transaction. The jacked up prices of the properties would cause a bigger mortgage to be written, resulting in more revenue for the lenders, all the way down to the real estate agents that saw a higher commission due to the inflated selling prices.
