No appraisal needed for sales.

[Mike Garrett RAA]

I just closed yesterday on my new $170,000 home. We put $93,000 down so that makes the LTV something like 46%. Our credit score was over 800 and they still required an appraisal! Go figure! Do you think the lenders might know something about appraiser's job security?????

 

[Dan Tanner]

***NEWSFLASH***
People with good credit do not default on loans. Why waste time and money on an appraisal. etc. when there is not need to securitize a mortgage w/ "collateral" when they a going to pay?

The casino always wins!

 

[Chris POklacki]

People with goodf credt dont default on loans?
What world do you live in. People with good credit lose jobs, get divorced the listr goes on. I have seen owners of houses in the $400-$600 range lose ther job or whatever and default.
And not all people with bad credit default.

 

[Parkinson]

I am still stuck on the appraiser getting 100+ assignments in a month. How in the world can you process that? That would kill this 1 man office.
What is your secret? 8O