Quote:
Originally Posted by William
Not always. I listen to The Fixit Show on talk radio Saturday am. The often have licensed inspectors on. They are disturbed by the number of buyers that agree to waive the inspection requirement.
Whenever the recession hits, there will be many people not only upside down due to paying over appraisal, but in properties having defects. Wouldn't be the first time the Saving & Loan industry allowed that to happen.
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Things are different than they were from the 2006+ housing bust. Overstated appraisal values may occur, but for the most part, the newer lending requirements will have prevented a lot of the things we saw in the late 2000's. Entirely different circumstances.