Michael Kohler's Blog (1)

Banks holding on to unrealistic values....

We have run into problems with lenders being unrealistic with property values. No matter what we provide or try to explain, the banks reply with a number too high for us to get any sort of activity. They have denied requests for re-evaluation and our Sellers are forced to wait it out until they foreclose. Providing very current comp sales, explanation of the…

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Added by Michael Kohler on December 6, 2010 at 5:35am — 1 Comment

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