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Foreclosures weigh on home appraisals

By Alex Veiga AP Real Estate Writer Los Angeles (AP) — It wasn't the first time that Katherine Scheri ruined a real estate agent's day with a low property appraisal. Scheri, a real estate appraiser, had sized up a three-bedroom, two-bath house in Santa Ana, Calif., for $30,000 less than what the buyers offered to pay — a ...

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