Seattle Bubble

For many newer homeowners, this is the first correction they have experienced. I’ve been asked a question about short sales in an e-mail. It is a good question for both agents and appraisers to answer. It is presented as follows:
Appraisers, please chime in.
Fake Scenario: A home is sold [...]

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…is like saying there was no fraud that took place during the last few years in housing.

No loan officers falsified loan documents
There was no signature fraud
No escrow/title agents producing phantom Settlement Statements
No complicit real estate agents in the loop
No complicit Notary Public signers
No fraudulent appraisals
No cash back post closing fraud transactions
No buyers buying homes [...]

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