In December of 2009 I did about 4 loans in my neighborhood and all of the appraisals came in between 240k-275k.
I just went to refinance two of my neighbors and the last 3 sales in our neighborhood were all short sales under $190,000.
There are several listings for 240-250k that are not short sales but who would pay that when you can save $50,000.
Sucks.
I just went to refinance two of my neighbors and the last 3 sales in our neighborhood were all short sales under $190,000.
There are several listings for 240-250k that are not short sales but who would pay that when you can save $50,000.
Sucks.
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