Housing Values Are Declining - Lenders Protect Themselves With Home Appraisals

Many homes have lost 20-40% of their value. This drastic change in valuation reinforces that lenders need to become conservative in their lender and place greater emphasis on a homes appraised value. We are seeing more required comparable homes as well as multiple appraisals in certain situations.

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[Source: Real-Estate Articles from EzineArticles.com - Posted by FreeAutoBlogger]

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