My story on the AVM model going wrong on my line of credit prompted me to write this article. I remember my first real estate broker was also an appraiser. God rest his soul, he was a great guy. I remember him pulling up Zillow and looking at their
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If you have a home equity line of credit (HELOC) on your house, your bank will be periodically running an Automated Value Model (AVM) on your home’s value (think Zillow’s Zestimate) to determine if their loan to value (LTV) ratio is increasing. If the estimated value of your home decreases
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