Why doesn't stuff sell for appraised value?
We are excited to have just had CFA's The Secured Lender Magazine publish an article my two appraisal partners co-wrote, titled "From Appraisal to Auction: Understanding all the risks inherent with the loan." If you have ever flipped to the appraisal recap of a valuation to glance at the values presented to save time, then this article is for you. Our article discusses why it's important for you to have an understanding of how the values were determined because if you don't you might end up with more problems and more time spent on issues that could have been avoided.
The article can be viewed by clicking here.