home values: Understanding the Lender's Appraisal
- 08/03/10 01:58 AM
Understanding the Lender's Appraisal Many Sellers think that the Price of their Home is determined solely by what they are willing to accept and what the Buyer is willing to pay. When a Buyer is paying "Cash" for the Home this is a true statement. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved - The Lender's Appraisal. To protect the interest of their Investors, the Buyer's Mortgage Lender hires a Licensed Appraiser to give an independent and objective opinion of what the property is worth. The Appraiser … (1 comments)
Understanding the Lender's Appraisal
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