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LOCAL NEWS

Ohio sheriff: Appraisers can't buy foreclosures
March 15, 2010 09:14 EDT

CLEVELAND (AP) -- 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. There were nearly 33,000 home foreclosures in Cleveland and Cuyahoga County in the past five years.

The sheriff oversees auctions of foreclosed homes.

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

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

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