http://www.dougfrancis.com/2009/10/hvcc-appraiaisal-flu-hit-northern-virginia/ Doug Francis Real Estate Blog in Vienna and McLean, Fairfax and Arlington with a little humor too. Easy MLS Listing Search too. Wed, 08 Feb 2012 02:02:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.dougfrancis.com/2009/10/hvcc-appraiaisal-flu-hit-northern-virginia/#comment-220 Doug Francis Wed, 07 Oct 2009 20:26:42 +0000 http://www.dougfrancis.com/?p=1485#comment-220 James - An agent told me today about five deals in September that went south because out-of-area appraisers came in super low. As he said, willing and able buyers but with appraisals $25,000 to $75,000 low there just wasn't a meeting of the minds. .-= Doug Francis´s last blog ..<a href="http://www.dougfrancis.com/2009/10/its-fire-prevention-week-virginia/" rel="nofollow">It’s Fire Prevention Week, Virginia!</a> =-. James – An agent told me today about five deals in September that went south because out-of-area appraisers came in super low. As he said, willing and able buyers but with appraisals $25,000 to $75,000 low there just wasn’t a meeting of the minds.
.-= Doug Francis´s last blog ..It’s Fire Prevention Week, Virginia! =-.

]]> http://www.dougfrancis.com/2009/10/hvcc-appraiaisal-flu-hit-northern-virginia/#comment-217 James Ebert Mon, 05 Oct 2009 03:22:33 +0000 http://www.dougfrancis.com/?p=1485#comment-217 And most surprisingly,..... the banks now co own the AMC's, and so they are getting 50% of the $500-600 that the AMC is getting from each borrower. So, if they don't even write a loan, they still make more money, adn with less paperwork, than they would, in a year of loan payments. So why write a loan? Let the appraisal spoil the deal, who cares? We banks are making record profits. www.eas2.org And most surprisingly,….. the banks now co own the AMC’s, and so they are getting 50% of the $500-600 that the AMC is getting from each borrower. So, if they don’t even write a loan, they still make more money, adn with less paperwork, than they would, in a year of loan payments. So why write a loan? Let the appraisal spoil the deal, who cares? We banks are making record profits. http://www.eas2.org

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