DirectAppraisals.com
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Direct Appraisals - Residential Real Estate Appraisals - Phone 954-701-0912 Fax 866-470-1861
Description
Excerpted from the website:
- Real estate lenders are a funny lot. It seems they're happy to lend anybody money. Assuming a half-way decent credit rating, any potential home buyer can secure a loan for a house. Why? Because these transactions are secured by a very valuable asset: the home itself. If a borrower defaults on a loan, the risk for the lender is often only the difference between the value of the home and the amount outstanding on the loan, less the amount it costs them to foreclose and resell the property.
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