“Was there provable fraud and collusion between appraiser and lender?”
I think so, considering the lender tells the appraiser the finance price. A real appraisal is done without knowledge of the amount being paid for the property.
My knowledge of this case is limited to this article. Even tracing back through Capt. Jack’s Blog yields no indication of such fraud or collusion. If you know more about this, do tell.....or please post a link.