The residential real estate market/appraisal industry is often at the mercy of pressure from the lending community to provide improper and unlawful appraisals and valuations. The Center for Responsible Appraisals and Valuations was created to provide the appraisal industry and American homeowner's peace of mind about the home valuation process. read more

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Curt Thor - North Bay Real Estate Appraisals

I began appraising with the Marin County, California Assessor’s Office in 1984 and started my own Appraisal Company (North Bay Real Estate Appraisals) in 1986 while associating myself with a very well-respected appraiser, Sue Ellen Adams, RM. She guided me through the process of appraising for Lenders, Banks, Lawyers and many other clients. I had a new 35mm Pentax Camera, a clip board, cloth tape measure and pen as standard property.... read more

Signatories of The Center for Responsible Appraisals and Valuations address issues that affect the real estate appraisal industry. To submit an article, please email

Press & Policy

  • CRAV Issues A Challenge To Industry-by Matt Smith of Valuation Review 8/28/06

    The topic is one of the most contentious issues dominating the appraisal industry today.
    Pressure to overstate a property’s value or condition was reported by 55 percent of appraisers who participated in the 2003 “National Appraisal Survey” from October Research. The pressure was most likely to come from a mortgage broker or loan more

  •  CRAV Challenges Lenders, Brokers In White Paper The Center for Responsible Appraisals and Valuations is urging participants in mortgage process to promote accurate appraisals in residential markets. By October Research Corporation August 22,2006
    The Center for Responsible Appraisal and Valuations (CRAV), founded in 2005 by the National Community Reinvestment Coalition, recently released a compliance white paper titled Residential Mortgage Originators, Securitizers, AMCs and the Mortgage more

  • New Headache for Homeowners: Inflated Appraisals Rosy Valuations, Common in Boom, Now Haunt Sellers; 'It's Pay-the-Piper Time' -by JAMES R. HAGERTY and RUTH SIMON of The Wall Street Journal July 22, 2006

    The Wall Street Journal, July 22, 2006- As the housing market cools, Americans are confronting a problem that was easy to ignore during the boom: inflated appraisals of home values.  Critics inside and outside the appraisal business have long warned that many appraisals are unrealistically high. That's partly because generous appraisals help loan officers and mortgage brokers, who often choose the appraiser, complete more deals. If a home is appraised at less than the buyer offered, the deal is likely to fall more

  • Mortgage fraud hits close to home in Nevada -  By Jennifer Shubinski of In Business Las Vegas June 9-15, 2206

    It may come as no surprise to those in the real estate industry that Nevada is near the top of the heap when it comes to mortgage fraud. According to the Mortgage Asset Research Institute (MARI), Nevada ranks seventh when it comes to alleged mortgage fraud and material misrepresentation reported by major mortgage lenders, agencies and insurers to a MARI database. more


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