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How Long Does a Loan Modification Take?
Wells Fargo Signs Home Affordable Second-Lien Modification Program...What is the Difference Between Appraised Value and Assessed Value?
Assessed value and appraised value are two separate methods that are used to determine the value of a property. Both of these methods are used to get the true value of the home, but the difference is how these two are evaluated, and what the evaluation is to be used for. An appraisal is generally performed to determine the value of the home for the purpose of a home loan or purchase. On the other hand an assessment is generally performed by government tax assessors and is used to determine the property’s tax. Read more
What do I need to do before my house is appraised?
Many homeowners are trying to sell their homes and are wondering how to get the true value of what their home is worth.
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To get the true value of what your property is currently worth, your best option would definitely be to purchase a professional home appraisal. If you cannot afford one there are also quite a few online websites that can give an estimate of what your home is worth. But keep in mind that these sites will only give an estimate based off the amount that homes are selling for in your particular area. Any upgrades and/or home improvements you have done will not be accounted for using this method. Read more