Appraisers Can’t Ignore REO Sales

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MORTGAGE EXPERT
5 · 15 · 11

Distressed sales account for nearly 40 percent of the national market — a level that has a big impact on estimated fair market values. The chief of a trade group that counts a quarter of U.S. appraisers as its members says appraisers are earning lower fees while being asked by appraisal management companies to turn around appraisals more quickly.

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