Sunday, February 01, 2009

Value Checks, Comp Checks, Compouts - An Understandable Desire, But a Bad Idea

We receive many calls from mortgage brokers and borrowers for value checks. In most cases, these requests are related to a refinance, a purchase money loan or a construction loan. In each case, it is typically stated that the borrower would like a "feel" for the property's value before paying for a "full-blown appraisal. Read more...

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