it's $380K. The owner did cashout refi in 2005(home was originaly purchased for $280K in 2002). Lender has to take a loss in this case, no way this home can be sold anywhere close to $380K, best case probably $180K.
it's $380K. The owner did cashout refi in 2005(home was originaly purchased for $280K in 2002). Lender has to take a loss in this case, no way this home can be sold anywhere close to $380K, best case probably $180K.