incorrect appraisal

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A subtraction of costs of sale from a future indicated sale price is an incorrect appraisal method.
Consumers complained that loan services do not provide a clear process to allow them to settle the debt and that appraisal delays, incorrect appraisals, and inflated home values increased their payments.
Other common errors include cutting corners to get the job done faster, relying on ill-managed trainees, or signing off on incorrect appraisals without reviewing.
* Revised rules regarding substantial and gross valuation misstatements attributable to incorrect appraisals.