No appraisal will be required for loans less than $275,000 with a 20% or higher down payment if the buyer has solid credit. Condominiums, cooperatives and properties that have changed hands within the previous six months are not eligible. The appraisal industry is opposed to this approach.
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on Sunday, March 11th, 2001 at 7:51 pm and is filed under Real Estate School News.
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