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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Starts with Appraisal Posted by Joseph on September 29, 2006 at 8:52 AM In Reply to: Re: Legal Precedent posted by bukzin on September 29, 2006 at 7:40 AM I tried to be succinet on my original response. The starting point for computing the 70% is the appraisal. If a perfect world and theortically how it's suppose to work, the appraisal would accurately reflect the appropriate repair costs, but on foreclosures the appraiser usually isn't allowed access to the interior. If allowed access, the validity of the appriasal is dependent upon the competence and experience of the appraiser. Another problem is that foreclosure property is quite often less than well kept or even deliberately trashed out of spite. I think we all know that life is seldom perfect. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I tried to be succinet on my original response. The starting point for computing the 70% is the appraisal. If a perfect world and theortically how it's suppose to work, the appraisal would accurately reflect the appropriate repair costs, but on foreclosures the appraiser usually isn't allowed access to the interior. If allowed access, the validity of the appriasal is dependent upon the competence and experience of the appraiser. Another problem is that foreclosure property is quite often less than well kept or even deliberately trashed out of spite. I think we all know that life is seldom perfect. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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