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It's also incumbent upon the loaning facility to do...

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flatspin

8,505 Posts.

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27/03/24

08:22

Post #: 73074956
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Originally posted by hersuit: ↑

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.
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