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Deus Ex Machina: Did a Computer Kill Your Deal?
Wednesday, August 12, 2009I’ve never delivered a low appraisal, but I’ve seen a few high sales
-Anonymous Real Estate Appraiser
When buying a home, if you pay cash, you can pay any price you want. But if you are borrowing any of the money, there are rules.
Chief among them: Your lender will obtain an appraisal on the property to determine whether the...
Original article from http://behindthemortgage.com/behind_the_mortgage/2009/08/dues-ex-machina-did-an-automated-appraisal-torpedo-your-purchase.html
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