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jazz4cash · 02-25-2008, 10:53 AM

I won't defend the couple's actions as we don't know any details, but obviously they're not optimal. I will say the feedback in the Wash Post was much much more harsh than what was posted here!

I just believe that if lender accepts an appraisal in Oct of '07 of $560k on thier home and four months later they decide NO!.....it's only $469k, it's not right. Maybe lender uses Zillow for appraisal info. It's not like the loan was extended at the height of the bubble. What if it was a loan for the max LTV instead of a HELOC.....would they call the loan?

02-25-2008, 10:53 AM	#27
jazz4cash Thinks s/he gets paid by the post Join Date: Aug 2004 Location: Laurel, MD Posts: 1,239	I won't defend the couple's actions as we don't know any details, but obviously they're not optimal. I will say the feedback in the Wash Post was much much more harsh than what was posted here! I just believe that if lender accepts an appraisal in Oct of '07 of $560k on thier home and four months later they decide NO!.....it's only $469k, it's not right. Maybe lender uses Zillow for appraisal info. It's not like the loan was extended at the height of the bubble. What if it was a loan for the max LTV instead of a HELOC.....would they call the loan?