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

Selling a house they didn’t own

2 sentenced for real estate scheme [1]

In this case, its sounds like the appraiser was duped, but it is a scary thought. It makes for a good argument to get the sales contract on your transactions (besides other obvious reasons, like understanding the terms of the sale). We match up the seller with public record.

I am amazed how many real estate brokers have said to us that we are the first firm to actually ask for a copy of the contract.

Its a USPAP [2] standard as part of the appraisal licensing requirement [i-2e(iv)]