Birdwatch Note Rating
2024-03-28 16:48:23 UTC - HELPFUL
Rated by Participant: 66F114B50A6D8BC3C722B4327A4EC5A992E6FE11E2DB189DB8D93D5703A81F10
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