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Couldn't agree more Patrick.
Appraisals started off by protecting the bank, and only the bank. A person wants to sell a house at a price, a buyer wants to buy the house at that price....whats the problem??
I know both sides of the housing bubble arguments but I never understood why there has to be independent appraisers at all? The bank should employ people they trust to determine value to protect them in the case that someone walks away from the house, they aren't left with a worthless house. It should be up to the bank to protect themselves...but I guess who cares when they are too big to fail :/
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1992 968 Polar Silver
2010 Toyota Highlander SE
2006 Lexus LS430 ML
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