Some States to Ban Foreclosure Sales From Appraisal Values
With foreclosure sales steadily rising, four states are concerned that the use of the foreclosure sale prices in appraisals is distorting the market. Legislators in Illinois, Nevada, and Missouri have all proposed bills that would exclude or restrict foreclosure sales being used to determine the value of homes.
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Thursday, March 31, 2011
Posted by The Mark Spain Team at 7:49 AM
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