A Nightmare Called Refinance
The housing bubble has burst and the market is finally cooling. And that has left many Americans with a problem that was easy to ignore during the boom — Inflated appraisals of home values. Contracostatimes.com reports:
Now, however, prices are leveling off in many places and falling in some. Some homeowners are finding that the market value is below what past appraisals led them to believe. For sellers, that can mean being forced to drop their asking prices.
Read more: Inflated appraisals bungle refinancing
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