[mikejr]

Yup appears we're having a logical intelligent conversation on here.

It is amazing the things we've seen, and i've talked to appraisers that have flat out told me, we get pressure from the lender to make the deals work....ie....fudge the appraisal to make the loan.

Some of the worst are the deal that involve mobile homes, in the past quarter, I have had two foreclosures that were double wide mobile homes but on the origination appraisal they said they were single family detached with FULL foundations. Both of these were on piers with skirting around the base.

It appears to me that the sub-prime industry is the worst for fraud and fudging things. We've had broker's call us and ask us to "doctor" up the price in the multi-list so they could get their deals to work. When I told them it was fraud, they had the balls to tell me....oh we do this all the time...its ok...no one gets hurt. My response was fraud is fraud no matter how you try to spin it or sugar coat it.

I am a licensed individual and make a very good living at what I do, aint no way i am going to risk it over a commission on a deal.

What do you do Adam that you are testifying?