A FLASH FLOOD WATCH will go into effect this afternoon for most of Southern Colorado. Daytime heating and moisture will combine with a disturbance moving through Colorado to develop numerous thunderstorms. Any one of them will be more than capable of producing very heavy rain. Burn scars and areas that have seen recent heavy rain will be under the greatest risk for flash flooding. This FLASH FLOOD WATCH will remain in effect through 6pm Wednesday. The 11 Breaking Weather Team will be tracking this threat closely for you the next two days.
Attorney General John Suthers is backing a bipartisan proposal in the Legislature to crack down on appraisal fraud.
That's when appraisers inflate property values under pressure from mortgage brokers in order to give buyers extra money at closing time.
Suthers says those bad loans hurt banks, but also get passed on to other home-buyers, making properties more expensive.
Lawmakers voted last year to require mortgage brokers to be registered for the first time.
Under the new proposal, brokers found to engage in deceptive practices would lose their registration, or be barred from registering in Colorado.
Appraisers, real estate agents, investors and anyone else who participates in a scheme could be prosecuted or sued and subject to triple damages.