Sure the guy at 749 has a neat pool and while the pictures of the repo aren’t up yet, I’m sure it is need of some sod. But crap that is almost 1/3rd off for the repo(excuse me, corporate owned). 231k will buy a neat pool and a hell of a lot of sod.
My question to bugs or the other appraisers, after some of the repos sell for that much less, will the higher priced homes ever get a loan because the comps I’m citing are same development, literally within a hundred yards or closer and exacts models, isn’t that going to be an issue for financing if a bigger fool did buy the overpriced one? Or do you dismiss repos when doing appraisals?
