Agent

Real estate crisis whodunit fails to make a case

Book Review: 'Public Trust Betrayed: The Truth Behind the Real Estate Appraisal Industry'
Published on Feb 15, 2011

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Since the inflated housing market fizzled flat a few years ago, enough real estate expose books have been published to fill, well, a house. We've seen insider revelations from the perspective of mortgage lenders and brokers. We've read accounts of Wall Street mortgage securitization dissected and discussed in stomach-churning detail.

I have personally read at least three books written by consumers who bought, sold or financed (and refinanced, and refinanced) homes during the last decade's heady housing market.

But who haven't we seen or heard from?

Appraisers -- who are alternatively the most or the least culpable of all these market participants for the housing market's crash (depending on who you're talking to at any given moment).

Comments