Appraisals
It almost seems like the banks are trying to figure out how NOT to give people the money for a mortgage. Isn't it the business they are in?
This is the result of the banks lending money to people that they knew could'nt afford it and they were in cahoots with appraisers who would inflate the appraisal to justify it. They all made money and then the bottom dropped out. Now we are all paying the price.
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