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Are Dated Appraisals Holding Back the Recovery?

By Andrew King

Some of the most beaten down real estate markets are finally experiencing that long-awaited bounce back from the crash. Cash offers are yielding more sales. Pent-up demand is driving prices higher. But something’s missing. While the homes are available, the mortgages are not. More specifically, the appraisals are not. A heated issue across the country, low appraisals continue to squash real estate deals.

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