Down another $10,000
January 24, 2007We’re dropping the price on our house $10,000, which now makes it less than what we paid for it 2 years ago.
And based on the copy of the appraisal from our very bad idea to refinance, we’re pretty sure they used comparables that would inflate the value rather than the more recent and accurate ones closer to us, which would have not given the mortgage company the ability to “meet our needs”. That, on top of them, mis-stating our income by $2000 makes me feel absolutely fabulous about my ability to make this kind of financial decision.
We are, however, creating a very solid file to prove that whatever offer we get is a fair market value.
One interesting thing to note is that the company that approved the refinance promptly sold it without ever servicing it. As in they got their money but our current mortgage company is S.O.L.
If you want to know who we used, just comment and I’ll let you know. You definitely want to stay far, far away from them. They are awesome at screwing you over.
