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Appraisers and Foreclosure Sales Bring Havoc to Housing Markets

RealtyTrac Foreclosure News Report
Jonathan J. Miller
November 1, 2009, 4 pages pages

In many ways, the quality of appraisals has fallen as precipitously as many US housing markets over the past year. Just as the need for reliable asset valuation for mortgage lending and disposition has become critical (fewer data points and more distressed assets) the appraisal profession seems less equipped to handle it and users of their services seem more disconnected than ever…

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