The appraisal bubble

By Joe Eaton

In 2004, years before plummeting real estate values turned Fort Myers, Florida, into a top five foreclosure capital, appraiser Mike Tipton f

Excerpts from this story referencing "DHI Mortgage":

"… 00, $8,000 less than the estimate. He knew the difference might disappoint DHI Mortgage, the prospective buyer’s lender, which is a subsidiary of developer D.R. …"

"… n Lee County,” Tipton said. “I didn’t see any further appraisals for DHI Mortgage. So you tell me.”Carrie Gaska, a spokeswoman for First American eApprais …"

"… d to comment on why Tipton received no further orders from the company for DHI Mortgage properties.Tipton is among dozens of appraisers who have told the Center f …"