Daily Archives: June 1, 2007
Real Estate Minute: Are You Rich?
Real Estate Minute with Ilyce Glink
SmartMoney Magazine Says You Need $5 million to Be Rich
Mortgage Company Appraisal Comes In Low
A home seller accepted an offer on her home when the buyer’s mortgage company appraised the property at a lower value. The rising level of foreclosures and defaults is forcing mortgage lenders to be more careful about appraisals and making sure homes are really worth what buyers want to pay. It might be beneficial to have another appraiser look at the house.
