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- Financing in a Declining Market
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How Many More Years — Howlin’ Wolf
Check out Howlin’ Wolf’s description of the blues (it’s at the beginning.)
It cannot be denied (rationally) that we are currently in a declining market. In a declining market, banks look at appraisals and comps differently than they do in a rising market. When prices are rising the lender will look at the highest comparable sales to determine total value upon which they will base their loan. When prices are declining like they are now, the lender will look at the l…
Original Source
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23 May, 2008| housingblogs |
@ 20:30