Birdwatch Note Rating
2024-03-02 04:13:23 UTC - NOT_HELPFUL
Rated by Participant: F2BCC6C60FDD8CAF901E652FE6D8157DD3BDAD65F623A366EF63DED890F487D5
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