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APPRAISAL BUZZ FALL 2019 | 41
BY CRAIG CAPILLA
Though we are now over a decade past the collapse
of Bear Stearns, many of us working in and around
the real estate industry are still dealing with the
specter of the Great Recession. Many appraisers and
mortgage professionals can cite with staggering
accuracy the rapid (and sometimes ill-advised)
changes to the mortgage lending marketplace.
Even now, as the pendulum is swinging back toward
relaxed standards, generally, each decision made is
being formed in some way by what occurred
between 2008 and 2012. I’d like to tell you that
decisions are being made based on what was
taking place prior to the real estate market collapse,
but that would be a stretch. It is not the lead up, it is
the lawsuits that followed.
WORKING TOGETHER
