Asked by Heartbroken, Florida • Thu Jan 22, 2009
we are moving because of a job and there is a home that is in pre foreclosure by us, and the price of this home has just dropped alot. The new low price its currently at, will force us to loose at lease 60,000 in equity because that home will be the new comparative the appraiser will use. We were also told appraisers do not often use foreclosures to do comparatives but how do we know this.
We were thinking about an auction so we can get out fast and still keep our equity but we were told that auctions are not for our situation. Please, if anyone has an suggestion?
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