| The determination of real estate values is subject to many transactions, regulations, appraisals and interpretations. These involve engineering, architecture, legal and other processes. Real estate is treated in various stages of these processes at different scales. The value of real estates is the result of the various methods utilized in this context. Under certain conditions, real estate value is an estimate, which increases the significance of the assessors' experience and the model used. The method used in testing the reliability of the value and the valuation process can sometimes be argued and disputed. If we do not have enough data used in the valuation or suspicious of the correct use of the data, the method used and how to check the value reached can be questioned. For this reason, lens model appears to be a reasonable method for the evaluation of real estate appraisal reports. Using lens model in the real estate appraisal can be an alternative method to analyze causes of the mortgage crisis in the US. The study will provide an analysis of the crisis by using the lens model, and present the effect of valuation experts and the reports in the mortgage crisis. . |
Updated 02/23/2014