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‘Borderline Desperate’ Buyers Win Bidding Wars, But Risk Their Deals Over Low Appraisals - The MortgagePoint
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‘Borderline Desperate’ Buyers Win Bidding Wars, But Risk Their Deals Over Low Appraisals - The MortgagePoint
Desperate to win bidding wars in low-supply, high-demand markets, buyers often will offer far above the asking price, only to see the transaction stall because the appraisal falls short of mortgage requirements.
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