Question
A bank provides a loan based on the lower of the Transaction Price and the Appraised Value, why does it do that in terms of
A bank provides a loan based on the lower of the Transaction Price and the Appraised Value, why does it do that in terms of the market for real estate not being efficient, hence that the market mechanism for real estate does not work?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
