Appraiser Assisted Mortgage Fraud

I received the following email today from Phil rice of MKG Appraisal here in Colorado. I did not fact check his work but have no reason to doubt him. Clearly, this shows how it only takes a few people to look the other way in performing their small part of the loan process to result in huge losses for the industry as a whole. Thanks for the heads up Phil.

I have been doing a lot of research on the topic(s) of:
housing bubble - mortgage fraud

Because I admire your Website and I think you have something to say, I put a link to your Website on mine. You can find the link at:

http://www.mkgappraisal.com/whos_who.htm

I would encourage you to take a look at a summary I put together about a person who bought 14 houses in 3 months and managed to borrow $700,000 more than it cost to buy the homes – I call it ‘negative down payment’. The summary is here:
http://www.mkgappraisal.com/Tieskotter02.htm
and the details are spelled out in a letter I wrote to a long list of people/government agencies:
http://www.mkgappraisal.com/letter01.htm
If you are willing to add a link to my site I would appreciate it. We all benefit if we work together. Thanks in advance.

PS – I would welcome any feedback