Quote:
Originally Posted by FMCoug
I would have thought the opposite with all the foreclosures. Doesen't the bank get an appraisal when the take it back? Or is it just when they re-sell it?
|
Yeah, but the purchases and refis have dried up, and the foreclosures don't make up the difference. Our business is down about 60%. Which is fine...I knew the risks when I got into it. You just have to be ready to ride out the storms when they hit.