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exactly BMV is a real thing Real estate agents can make mistakes or once in my case the agent was old and did not care

He means if you bought a house for $350k that was worth $400k The bank will let you withdraw more than 350k (what you paid for the house)

I don't agree. I bought a mortgagee property and had it valued by a local agent who sells many similar property's and he came back with a valuation a lot higher than I bought it. He was also very surprised at the price I acquired it for. You might think he is just overvaluing it to get a...