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In the real estate boom, many homebuyers extended themselves. break even with a sale and then buy another house with an inflated value.
The problem here is the Banks are in control of these HVCC Appraisal Companies. This program is clear put in place for the Banks and/or Big Brother to manipulate values. I will give you an example that is going on currently. There is a new KB home located at 16220 Limerick Street in Riverside, CA that has $120,000 in upgrades to the home.
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