Claims for good times and bad

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					     Insurance news & Views

         FIRST PROFESSIONAl
         liabiliTy insuRance comPany
         This issue, Mark frederick reviews some issu
				
DOCUMENT INFO
Description: People live in societies that like easy, simple answers to complex problems, and, indeed, the appraisal profession is no different. Right now, as real estate markets in most Canadian provinces begin to soften, clients are becoming more insistent on trying to predict or fashion outcomes with regard to real estate problems that they may have. Some of them will do this through legitimate means -- they will seize the initiative over their problems and try to correct them. There are hundreds of scams and scenarios to which unwary appraisers are subjected. Here are five that consistently figure in claims scenarios when the economy begins to slow down: 1. updating opinions, 2. the rent is due, 3. ignoring sales that do not fit, 4. special properties need special attention, 5. condition is important to note. By following the above suggestions, you may be able to avoid being the target of lenders who seek to make you their own insurance policy for uncertain times or poor lending risks.
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