In the last two years, we have issued over 1,500 Broker Price Opinions for lenders, asset managers, outsourcers and homeowners. These reports are not appraisals, but rather a licensed real estate broker's opinion of value based on the location, characteristics and condition of a property. Today,
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12/10/2009
"No way!" is the answer I hear from 90% of the people I ask. The other 10% wisely answer that it depends on their interest rate. Here's a simple example. $500,000 mortgage with a 5.5% fixed rate for 30 years = $2,839 monthly payment Let's say prices drop 10%, BUT interest rates go up just 1%
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12/05/2009