Metrocal Appraisal

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Description

Real estate lenders are a funny lot. It seems they're happy to lend anybody money. Assuming a halfway decent credit rating, any potential homebuyer can secure a loan for a house. Why? Because a very valuable asset secures these transactions: 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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