It’s no secret that short sales and bank repos sell for less. These low sales didn’t affect sellers until the advent of the HVCC (Home Valuation Code of Conduct). This law, enacted by Andrew Cuomo, is an attempt to mitigate appraisal fraud. However, laws to regulate morality or integrity often do neither. If you want […]
Bank Repo’s and Short Sales – How Much do they Really Affect Prices?
November 2, 2010 By John_Dumke
Filed Under: Bank Repos / Short Sales, Buying, Economics, Newsletter, Real Estate, Selling Tagged With: Bank Repo, Foreclosures, REO, Short Pay, Short Sales