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mortgage appraisal process?

Started by BK25
about 13 years ago
Posts: 0
Member since: Mar 2013
Discussion about
What do banks base their appraisals on before giving a buyer a mortgage? Since the market has changed drastically for the better in the past few months, are they more concerned with how comparable apartments are currently selling in the neighborhood, or do they still just look at recent sales in the particular building (in the past twelve months or so)?
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