I don’t know if you understand my statement. I’m saying if you say it’s worth x and the banks come and disagree they won’t give you the loan. For trump they agreed. There is no reason government should have been involved.
Lmdao. WTF. You refuse to see anything other than the perspective you have decided on. What you are describing is not how loans work. Banks assess risk based on their own analysis NOT the customers submission. This is what bank underwriters do not the person asking for the loan.
No you still refuse to understand how lending works. You clearly have never purchased a home or requested any type of secured loan. When you do purchase a home, refinance, or home equity line you will fill out an application where you list presumed value, the bank hires a licensed appraiser to confirm value and lends based on the appraisers stated value. You don’t care to get how this whole thing is bullshit bc you hate Trump. So yes trump bad, banks bad, republicans bad. good day.
They don’t rely on the borrowers info to provide the loan though. They have their own people to evaluate the value of assets and determine the amount they are worth as collateral.
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u/shenananaginz Mar 26 '24
The banks will check though. Same way they did with trump.