Originally Posted by
Scrappy Gram
Do you know what lender she used?
Don't know exact lender but it was a well known national bank; like a Provident or Wells Fargo. She was very disappointed. She borrowed 85,000$ on the house that was appraised at $250,000. The house is now worth about $200,000 with the real estate market drop. She now owes, with interest over 9 years, close to $200,000. It is a no win situation. Don't do it.