appraisals: Foreclosures not Appraising......Wow - 08/23/08 12:19 AM
Well the banks are getting some interesting medicine now. A lender that I meet with regularly told me she had 2 loans she was working on that hit some unexpected bumps. They were on purchases of  bank owned properties that did not appraise for the value of the home. The "winners" of bidding wars excitedly dashed off to the bank after winning a bidding war........only to find out they don't appraise for what they bid. And now the bank can't sell them for that price as they can't get financing.
Wow. Is this a sign of the apocolypse? Or is it … (7 comments)

 
Carmen Brodeur, Realtor & Attorney (Trillium Properties, LLC)

Carmen Brodeur

Realtor & Attorney

Scottsdale, AZ

More about me…

Trillium Properties, LLC

Address: 8755 E Bell Road, 108, Scottsdale, AZ, 85260

Office: (800) 300-0263

Mobile: (602) 791-0536

Email Me

Carmen Brodeur is a North Scottsdale Realtor specializing in golf course communities. Prior to real estate, Carmen was an Attorney. This unique background gives her clients an advantage. She is very experienced with negotiations and contracts. Put her experience to work for you. Carmen represents both buyers and sellers of Scottsdale homes. Please contact her at (602) 791-0536 or Carmen@TopScottsdaleHomes.com. Visit our website at www.TopScottsdaleHomes.com


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