Replies to post #424670 on Tornado Alley (PROG)

[Redoocs]

Good morning, let's start here.
Banks aren't going to loan money to anyone, I don't care who they are, on the basis of what the borrower thinks their property is worth based on their name alone. When I bought and sold my last house both sides had an appraiser from a bank appraise the property. Some lenders thought it was worth more or less than others and would only lend the prospective buyers a certain amount based on what they, not me, thought it was worth. Regardless of my selling price. Banks aren't in the business of throwing money without checking first. So James is now also a lending institution appraiser? Also, he has been audited every year and not been found guilty of tax evasion. It's not just a coincidence this close to midterms and another presidential run that now James and the Dems are going after him. Where was she 20 months ago. This isn't some new revaluation that finally appears out of nowhere, which is where this garbage lawsuit is going.
And the "link" is common knowledge to anyone who has bought or sold a house before.

[hap0206]

Have you any idea how fast a bank would go out of business if this were true

>>> the properties were fraudulently presented to the banks which then valued the properties on the misrepresentation <<<

geeez -- a bank would loan 100s of $millions (or any amount) on "misrepresentations"

geez -- how stupid