What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’
Realtor
JANUARY 23, 2018
Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. But the prohibition, enacted as part of postcrash financial regulation, doesn’t apply to investors buying tens of thousands of houses. home values by consulting Google Earth and real-estate websites.
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