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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127464  
Subject: Re: No comps = no refi? Date: 10/12/2012 10:36 AM
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So basically no one with a house like mine in our neighborhood will be able to sell their house to anyone needing a loan until someone comes along and pays cash for a house to set the market price?

Makes for interesting real estate liquidity issues, doesn't it?

If you are rural enough and it's a primary home, (ours wasn't,) future buyers might be able to go USDA. Or something like that. Perhaps Dave can chime in since he had mentioned that as a possibility when I was discussing the mortgage problems we had. Apparently they are less tough on comps.

IP
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