It’s called a free market, with voluntary buyers and sellers agreeing on a price. The bank does not set the price nor does any appraiser.
When you flood a market with money you bump prices. When you manipulate a market by disregarding all qualifications of the buyer you bump prices ,, if you want a job as an appraiser you give the numbers the bank wants ,, If you need a place to live you pay the price.
This ponzi scheme needed steadily increasing prices ,, and they manufactured them for 6 long years.
Other con men who lie about the known value of the product they are misrepresenting to the mark use the exact same line you are using - with the same intent.
If I am treating anyone unfairly, home and business locations will be selling for a similar price to what they went for in 2008 within three years.
If not, the banks - and their unprincipled apologists as well - were full of shit and deserve everything they and you get.
I note that this thread is just full of whining apologists for the banking industry all upset that the law requires them to transfer ownership in a certain way - and the way they tried to transfer ownership of likely unrecoverable loans was illegal and they want a do-over.
I saw this coming years in advance. It was unavoidable - as the properties were and are worth no where near what the loans were for.
If I am wrong, you can ridicule me on it three years from now - because you can be damned sure that if you are still on these forums then I won't be cutting you any slack if things continue the way things pretty much have to go when you have built a fifteen year oversupply of buildings.
Buyer beware indeed. Also poster beware - things you post now will be showing up in quotes in the future calling into question your credibility based on your past lack of comprehension or integrity.