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Refinance appraisals are based solely on comparable sales in the area because there are no other market indicators. Also, low-quality rehab is hard for an appraiser to put a value on, so it is common.
Short Sale Flops May Send Broker to Prison Read about the latest scandal associated with the housing market, short sales, and what happens when you break the rules. Update on the Successes and Failures of HARP Read about what is going on with the Home Affordable Refinance Program and whether this program for underwater homeowners will continue.
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A short sale flip is when an investor purchases and simultaneously resells, at a higher price, a short sale property – a property selling for less than the current mortgage balance. For this.
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