The housing bubble from an appraisers view

[Renee Allen]

As an appraiser my opinion of the housing bubble is the fauld to the mortgage lenders. Most of the time, when doing an appraisal, if the report did not come out to the expected market value of the property, the lender would hound the appraiser almost to the point of pressuring the appraiser to make the appraisal "come out". Our company lost a lot of business for not bowing to the lenders needs and wants. I know of appraisers in my area that would do anything to keep their business. There are so many appraisers and lenders that have messed up the market it is unreal. And now everyone is paying the price just because so many wanted to make a buck or two.