there is this cute little house in the city of Schenectady. Realestate listed it for a certain price. the buyer and seller negotiated and agreed on a price. the bank did their appraisal....and the bank appraised it for $20K LESS!! the sellers have to move so they will take the $20K loss.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
there is this cute little house in the city of Schenectady. Realestate listed it for a certain price. the buyer and seller negotiated and agreed on a price. the bank did their appraisal....and the bank appraised it for $20K LESS!! the sellers have to move so they will take the $20K loss.
So how much was it originally listed for by the realtor?
What was the price the buyer and seller agreed upon?
What is the price, wait, we can figure that one out (the appraisal).
What is the assessment value on the 2015 tentative roll?
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
That's the way it's supposed to be. Banks aren't supposed to lend based on a phony, inflated appraisal. Nice to see they are doing things on the up-and-up at long last.
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