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St. Louis Real Estate - Mortgage News - Declining Markets

http://stlouisrealestatevoice.com Posted by doug63026 1473 days ago

As the foreclosures and short sales begin to take effect on the housing market one of the single biggest changes that is occurring is the dreaded “Declining Market” label attached to a property in the appraisal. I have seen investors make the predetermination that certain zip codes, cities and counties are in declining markets and thus they are lowering their exposure by reducing the maximum loan on the properties in that area.

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