Well, this is strange. When I took over, I had to manage a forensic audit that turned up all sorts of nonsense. As a result of it, I told the board that it should never have asked for appraisals, because in every case those properties were sold at prices well below market—there was an appraisal saying it was worth such and such.
You have to realize that appraisals are a best guess. In the end, what's more important is the process you go through and the ability of the market to really price it.