gross misrepresentation - Appraisers Blogs https://appraisersblogs.com/tag/gross-misrepresentation/ Appraisal News and Tips for Real Estate Appraisers Mon, 25 Mar 2019 19:55:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 gross misrepresentation - Appraisers Blogs https://appraisersblogs.com/tag/gross-misrepresentation/ 32 32 52046035 Convicted for Committing Fraud Unknowingly? https://appraisersblogs.com/appraisal/is-it-possible-to-commit-fraud-unknowingly/ https://appraisersblogs.com/appraisal/is-it-possible-to-commit-fraud-unknowingly/#comments Wed, 22 Jul 2015 12:30:32 +0000 http://appraisersblogs.com/?p=8175 Appraisers need to have intent in order to be convicted of fraud… I have recently read several different posts and articles on the Internet stating that some appraisers have committed fraud unknowingly. Some describe instances of stating condition to be average when the property needed work, or “tweaking” the numbers to make the deal work. First of all it is important to note, the FBI defines mortgage fraud as “any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan”. By that definition, such fraud can clearly be committed by both...

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