Birdwatch Note Rating
2024-03-01 23:28:59 UTC - NOT_HELPFUL
Rated by Participant: 1EB1AED62C5500C57EB69CA062EB18A9BD86A9FE57C3956BD0EE57F2A17FF10C
Participant Details
Original Note:
Original note is laughable, and the writer has zero understanding of how real estate, collateralized loans work. Borrower estimates value & asks for loan. Bank then estimates the true value of the property and issues the loan for the amount THE BANK decides loan-to-value https://youtu.be/80RZs9Fhz3Y?si=s3OTvEIC3hSd89ln
All Note Details