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re: Any mortgage brokers in here?
Posted on 10/7/12 at 10:02 pm to MikeBRLA
Posted on 10/7/12 at 10:02 pm to MikeBRLA
quote:
Bc selling price is what the house is worth. That is the market value, period.
Not really answering my question but you're wrong.
A distressed sale is not indicative of market value.
Posted on 10/7/12 at 10:29 pm to I Love Bama
quote:
Not really answering my question but you're wrong.
So every appraiser and lending institution is wrong and you are right. Got it.
FYI. "Distressed" sales carry the same weight as others as sales comps on appraisals.
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