Appraisal Problems R Next… As prices begin dropping, banks are going to want more money down. THEY KNOW houses are not worth the “Negotiated Value”. 25% down will become the new norm for CLOSING transactions. If price declines become swifter, the amount put down or interest rate will increase. Banks will have there hands full of properties and don’t want anymore.
This is the tip of the iceberg, ladies and gentleman…
