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foreclosure comparables: Do Appraisers Use Distressed Properties as Comparables? - 02/07/12 10:37 PM
by The KCM Crew on February 7, 2012
 
Many of our readers ask us if appraisers use distressed properties (short sales and foreclosures) as comparables when doing an appraisal on non-distressed properties. We have posted on this issue on several occasions (examples: here and here). Last month, the Appraisal Institute issued a paperon the subject. In the paper, the Institute explained that: “Foreclosures and short sales can provide important information for appraisers, who develop valuations based on market data and market forces.”
On whether an appraiser should use distressed properties as comparables, the Institute was very direct (all items in … (3 comments)

 
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