Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Consumer Advice

no_hypocrisy

(49,235 posts)

10. OK, for those of you who make a good argument about assessed and market values

Reply to no_hypocrisy (Original post)

Fri Oct 26, 2018, 09:21 PM

Oct 2018

here are some current market values for the property:

$320,000 Zillow
$345,000 Redfin
$341,000 ReMax

Still $140,000 or so more on the mortgage than the market value. It's a dinky house built in 1940 in a dinky little town.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Why would a big bank like Wells Fargo [View all] no_hypocrisy Oct 2018 OP

when was the loan originated? lapfog_1 Oct 2018 #1

2008 just before "The Crash" no_hypocrisy Oct 2018 #5

That says it all . PoindexterOglethorpe Oct 2018 #8

yup... hence the question... and that's the explanation. lapfog_1 Oct 2018 #9

Did she once pee on a bed in Moscow? Only explanation I can think of. dameatball Oct 2018 #2

Appraised value and assessed value can be very different unblock Oct 2018 #3

Did someone involved get a commission based on the amount of the loan? n/t PoliticAverse Oct 2018 #4

Don't know. Only have the actual document. no_hypocrisy Oct 2018 #6

The assessed value has nothing to do with current market. Socal31 Oct 2018 #7

OK, for those of you who make a good argument about assessed and market values no_hypocrisy Oct 2018 #10