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The Real Estate Industry Expands Its Vocabulary

For better or worse, the English language is constantly evolving. Ten years ago, text was only a noun. Now it’s a verb. The same with Google.

Some terms come into the vernacular in response to things that are happening in the world. Recent changes to the real estate industry have given birth to three new additions, which are defined and listed below.

foreclosure mill n. A law firm that processes foreclosures perfunctorily and without due process.

mortgage mill n. A company that automatically approves mortgages, particularly to unqualified buyers.

appraisal mill n. An unscrupulous company that provides misleading or erroneous appraisals, particularly for real estate.

Rest assured that Present Value LLC is not, and will never be, an appraisal mill. No matter how trendy it may sound.

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

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