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re: Looking up Recent Home Sales?

Posted on 5/29/12 at 10:23 am to
Posted by AUtigR24
Happy Hour
Member since Apr 2011
19755 posts
Posted on 5/29/12 at 10:23 am to
This just happend to a family member. They were going to drop their interest rate and lower their payment by $200, but their appraisal came back very low due to some foreclosures in their neighborhood.
Posted by TimTeblows
Denham Springs
Member since Apr 2007
165 posts
Posted on 5/29/12 at 10:29 am to
quote:

This just happend to a family member. They were going to drop their interest rate and lower their payment by $200, but their appraisal came back very low due to some foreclosures in their neighborhood


We recently had a brand new home that sat for three years sale at Sherrifs auction, so that worries me. Also one of the developers does not list his homes on the MLS, so i'm not sure what he actually sales them for.

I don't want to waste $450 on an appraisal if it isn't going to be worth it.
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