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According to this report, collusion between mortgage brokers and appraisers is creating an increase in foreclosures.

The AP reports that Ohio is being especially hard hit by a growing nationwide problem - inflated appraisals and collusion between appraisers and mortgage brokers. When borrowers need to sell a property appraised for more than its real value, and often with negative equity as a result, the homes often end up as REO where inflated appraisals contribute further to losses when used to set pricing.

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