I have a friend in Saratoga who just got their automated value back on their equity loan. It isn’t what they paid for the home and all it’s accoutrements, that’s for sure. in fact it’s about 140k below purchase (including landscaping)

My question is, what IS an automated value? Is the quote they were given going to stick or is there a chance that a live person appraisal will come in at a higher number?

That could tell us something useful perhaps about the state of CCHighlands