Birdwatch Note Rating
2024-03-02 00:43:58 UTC - HELPFUL
Rated by Participant: B298ED06F62C39D56E9288BC9BC54F4DDF8DA20CD987684C0271EDD068A9D056
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