Birdwatch Note Rating
2024-04-24 21:01:29 UTC - NOT_HELPFUL
Rated by Participant: 4D643796F1579A79C7A7339544E3AD24BEC6686AE1C441ECDD28A1BF63A3F863
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