Mark K
Elite Member
- Joined
- Jan 27, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Indiana
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There instead would be a Kelly Blue Book with different versions for houses, condo units and buildings.
We're not far from that now and in many cases, a "Blue Book Value" is sufficient.
The biggest problem is that there's no "Blue Book Value" for the borrowers.