Updated almost 13 years ago on . Most recent reply
Appraisals
This may sound like a dumb question, but I'll ask anyway. When I'm looking at houses that recently have sold on zillow, I see a lot that sold for 1 dollar. Obviously, I wouldn't use zillow to determine ARV. However, when the bank has an appraisal done, how do they handle these properties? I feel like they couldn't possibly use it for a comp, but it seems like they couldn't throw it out either?