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Are Banks Controlling Housing Values Through Appraisals
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Are Banks Controlling Housing Values Through Appraisals
1.
Housing
Values Are Banks Controlling them?
2.
Mr. Seller’s house
Just wants to sell his house
3.
Mr. Seller thinks
His house is worth this
4.
Mrs. Buyer thinks
Mr. Seller’s house is worth this
5.
The bank thinks
it’s worth this
6.
Appraised value
7.
8.
Bank Owned
Seller Owned Sold for $259,000 in 2010 Sold for $319,000 in 2008
9.
10.
Banks are driving
home values because they control what their houses sell for, whether a short sale or banked owned.
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