- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

Indicted for $400 appraisals

Appraiser gets $350 to $450 per report, his clients get $3M: yet all 3 indicted [1]

Here’s another typical story, this time on Long Island…Appraiser does report, client steals $3.1M [2]

Yet another…Appraiser does report, client steals $800K [3]

Over and over we see appraisers being indicted and their appraisal fees are nominal, yet they are indicated alongside those who stole millions from lending institutions.

Q: What does it say about appraisers who get into trouble selling their soul for a few hundred dollars and their clients reaped millions [albeit all parties are indicted]?

A1: They do it with such frequency, they can’t keep track of ethical and unethical appraisals.

A2: They don’t see anything wrong with what they are doing since they aren’t charging a premium for these reports.

A3: They don’t see the value of the service they are providing to the criminals [sorry, thats a stretch] 😉