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27/03/24
08:22
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Originally posted by hersuit:
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Funny how its NEVER EVER been used like that before...just for Trump Theres the dead set give away on its own Sso tell me..in the house scenario....prove my $2 mill valuation is "fraud"! Everything sold is an arm wrestle between the price one side has vs the price another side has....IN MIND So... if I believe my house is terribly undervalued by the market and slap on a 2 mill value...whilst I might be wrong as the market always tell you the value...how is that an act of fraud? Take your car in for a trade-in...yoi think its worth 50,000 and the market thinks is 250,000 and they give you what they want as a trade-in and all goes thru and the loans are all repaid...how was that an act of fraud?
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It's also incumbent upon the loaning facility to do It's own due diligence, otherwise they'd end up going out of business relying on the borrower's valuations.