Register Login (480) 240-9724
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
  • Home
  • Search
    • Search All Properties
    • Search by Map
    • New Build Home Search
    • Featured Listings
    • New Listing Notifications
  • Neighborhoods
    • Chandler
    • Gilbert
    • Mesa
    • Phoenix
    • Queen Creek
    • San Tan Valley
  • Buyers
  • Sellers
    • Sellers
    • What’s My Home Worth?
    • We Buy Houses in Arizona!
  • Blog
  • About
    • Our Agents
    • Our Mission
    • Client Testimonials
    • Explore the East Valley
    • Shea Preferred Realty Group
  • Contact
Home > New York AG Sues Appraisal Co.

New York AG Sues Appraisal Co.

November 2, 2007 by vleeson Leave a Comment

USA Today reports this morning that “New York Attorney General Andrew Cuomo sued a major appraisal company Thursday, saying it helped Washington Mutual (WM) inflate home appraisals as part of what Cuomo called a nationwide pandemic that’s contributed to the housing recession.” We all know about the mortgage industry and credit markets upheaval. You’d have to be living in a cave in Afghanistan to not be aware of it and even then with wireless internet, one could conceivably be fully up to date on the latest news in the world. AG Cuomo’s suit filed yesterday is just another indication of how far “out there” some mortgage lenders were willing to go to seal a deal. We hear a lot about the unscrupulous lenders, real estate agents, buyers and sellers who are ignorant of the process and legal ramifications of unethical and illegal behavior. Not much has been said about these appraisal companies, who were buying loyalties from the lender by inflating values to keep the deal together. Just another piece of the puzzle. Could this spread to other states? Only time will tell. The entire story of Cuomo’s suit can be found at the USA Today website or any of the other wires, I’m sure.

Filed Under: Arizona Real estate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Listing
Notifications

  • Email Alerts for New Homes
  • Save Your Favorites
  • Price Change Notifications
  • Plus More...
Sign Up

What's Your
Home Worth?

Find Out

Categories

Client Testimonials

"Having a realtor who puts client needs and makes every effort to meet them is so important. This team goes above and beyond every expectation of the selling... continued"
- Randy & Marsha
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Arizona Experience Realty Group

We strive to provide unparalleled customer service so that our clients, both buyers and sellers, are thrilled with the outcome and comfortable with the entire process. We make it our mission to be resourceful, responsive, and attentive to each client, supporting them with the most progressive and efficient technology.

Meet Us

Arizona Experience Realty Group

36460 N Encanterra Drive
San Tan Valley, AZ 85140

(480) 240-9724
Contact Us

sitemap   •   admin   •   ©2022 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com

Cleantalk Pixel