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OHIO NEWS
from Eyewitness News Online

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Ohio sheriff: Appraisers can't buy foreclosures
March 15, 2010 10:15 AM

CLEVELAND
The sheriff in Cleveland plans to bar the 36 appraisers working for his office from buying homes that have gone through public foreclosure.



The move by Cuyahoga County Sheriff Bob Reid is meant to avoid any conflict of interest in setting the value of foreclosed homes. The sheriff's office has overseen nearly 33,000 auctions of foreclosed homes in the past five years.

Under Reid's predecessor, appraisers were an important source of political fundraising for the sheriff's office.

Information from: The Plain Dealer, http://www.cleveland.com


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