Birdwatch Note Rating
2024-03-03 14:43:50 UTC - NOT_HELPFUL
Rated by Participant: D4E95DC8FA837C0CEDC4B5311830F0CF8B01DB1DF888D014866910560F8587D2
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