Home › Forums › Housing › the next big step down is coming to mid/high-end areas near you › flu wrote: Horray, the 105%
[quote=flu] Horray, the 105% rule still applies.
http://finance.yahoo.com/news/6-companies-to-get-99B-under-apf-14938907.html
Yup, this most likely won’t help too much in CA…unless the banks cheat on the appraisals…Now they wouldn’t do that would they? 🙂 [/quote]
Took the words out of my mouth. How reliable at preventing overvaluation were appraisals before now?
