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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (475)	8/29/2001 1:38:24 AM
From: Karen Lawrence	Read Replies (2) \| Respond to of 306849

hello Just last week, my sister, a California realtor, was complaining that although a house she'd listed had sold for 190k, the bank appraiser then appraised it for 185k and said the selling price therefore would have to be reduced by the difference. She said in six years, this is a first for her.

To: posthumousone who wrote (475)	8/29/2001 5:29:16 AM
From: sandintoes	Respond to of 306849

We usually had the opposite problem, with company buy outs. I had appraisers tell me that if they didn't low ball our house, the companies had five appraisers standing in the wings who would. They wanted their people to move fast and sell their house at any cost and the lower the better...They had you over a barrel, especially when you had to relocate with kids who had to start school. I don't know if they could get away with this scam any more....most people would tell them to skip it and look for another job, but in a tight labor market, we had no choice.