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Synovus Financial Corporation Message Board

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  • lner2512 lner2512 Mar 19, 2010 11:49 PM Flag

    SNV CRE LOSSES ALREADY RECORDED ON BOOKS

    All well and good, and I want to agree with you. But how do you know for sure the appraised values are any good? Appraisals generally assume willing buyers and willing sellers in active markets. We may be getting back to that point, but we're not there yet. Just as one very large example, how would you appraise Sea Island? And at what value?

    Bottom line is the appraisers are not the buyers. Too bad.

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SNV
3.31+0.02(+0.61%)Apr 17 4:04 PMEDT

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