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Appraisals Tanking More Home Sales

by ritasimpson September 14, 2013 How's The Market

With bidding wars in hot markets , the property-appraisal process has been undermining transactions, forcing some would-be buyers to walk away.

The impact can be significant. Consider a jumbo borrower required to put 20% down on a $1 million purchase expects to pay $200,000. But if the home appraises at $900,000, the down payment goes up …

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