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Low appraisals hurt subprime borrowers
Rita Chappelle, The Examiner May 2, 2007 2:00 AM (953 days ago)BALTIMORE You face foreclosure. You quickly move to refinance but qualify only for a double-digit subprime rate. You take it, pay for an appraisal and learn your house is worth $425,000. Then the lender reduces your appraisal by $100,000.
http://www.examiner.com/a-706034~Low_appraisals_hurt_subprim e_borrowers.html The above excerpt and link will be sent by email. |
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