I just heard a rumor from a lender that "lenders" are being told to back away from FSBOs because they a seen as not an arms length transaction. They fear these coming back to haunt them later since the persons involved may be in collusion, and the appraisals not real. In some areas they want at least a 90% LTV.
Could it be that maybe the lending institutions now see that we Realtors have some value and might know about house pricing?
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