Birdwatch Note Rating
2024-03-29 21:47:11 UTC - HELPFUL
Rated by Participant: E68CA5EC6A4C0BB2A4CE1960716AAA0B37D04A139859250D0CE2248BC524DB18
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.
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