Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages
 

Go Back   Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages > Mortgage and Loans Forum > Mortgage Problems and Solutions

         
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-19-2008, 10:47 PM
Administrator Administrator is offline
Administrator
 
Join Date: Oct 2007
Posts: 22,637
Default Auction property used as comp ruined deal!

Is there some sort of guidelines that are used to prevent appraisers from using auctioned properties as comps? We just had this happen and it made our appraisal come in 15,000 lower and killed the deal! It doesn't seem like these types of comps should be allowed just like a foreclosure comp should't be allowed


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


(Source: mortgagefit.com)
Reply With Quote
Sponsored Links
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 04:51 PM.


Home :: Register :: Members :: Statistics :: Rules :: Help :: Contact :: Advertise