Sunday, January 3, 2010

Foreclosures weigh on home appraisals (AP)

It wasn’t the first time that Katherine Scheri ruined a real estate agent’s day with a low property appraisal. Scheri, a real estate appraiser, had sized up a three-bedroom, two-bath house in Santa Ana, Calif., for $30,000 less than what the buyers offered to pay.

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