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

To: assetlogic who wrote (2492)4/26/2002 12:34:38 PM
From: TradeliteRespond to of 306849
 
That's right. A refi appraisal is based on actual neighborhood sales and determines nothing more than how much a lender is willing to lend a particular borrower on a particular property. To serve as a "comparable" for market-value comparisons, a property has to actually be sold in an arms-length transaction between a willing buyer and willing seller--not a borrower and a lender.


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