No appraisal loans offer still another degree of convenience and speed by removing the requirement for a valuation of the property prior to funding. Appraisals can take days or weeks, withholding access to badly needed capital. By doing away with this step entirely, lenders can fund and disburse funds much quicker, making no appraisal loans suitable for time-sensitive transactions like foreclosure bail-outs, contest bid purchases, or crises repairs.
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