There’s a new blog post on RealMatcher:
The School of Thought has always required lenders to have a home appraised to determine its value prior to authorizing a loan toward its purchase.* The idea is to protect the investment in the event of foreclosure with the assurance of recovering the value from a future buyer.* Today, however, more and more lenders are …]
Read full blog post: Why Appraisals Are Not Enough to Protect Mortgage Lenders