Birdwatch Note Rating
2024-03-29 00:54:10 UTC - HELPFUL
Rated by Participant: 379CE58C4F820EC287B7E7DA81538FF5F66EBB90C48D8B78DDE0264D356BC49D
Participant Details
Original Note:
Overvaluation is a type of appraisal fraud that occurs when appraisers intentionally inflate property values (in this case, by 830.42%), often to boost profits for sellers or approve higher loan amounts for lenders. https://fastercapital.com/content/Real-Estate-Bubble--Appraisal-Fraud-s-Role-in-Inflating-Property-Values.html#:~:text=Overvaluation%3A%20One%20common%20type%20of,approve%20a%20higher%20loan%20amount.
All Note Details