Lending Tree Over Estimates Property Values To Increase Business Lending Tree Over Estimates Property Values to Increase Business Charlotte, North Carolina

Lending tree is a company that provides different lenders to compete for your mortgage business. In the questionnaire you are asked what you paid for your property and what you owe on your property along with name address and phone number. Lending Tree follows up with different lenders that are competing for your business, they also provide an estimated value of your property. The value i was given was 50,000 more than i had paid for it so i went ahead with the appraisal which cost me $445. I was then told my house appraised for 25,000 less than i paid. So there fore I am out the appraisal fee because i can not refinance. The mortgage companies dealing with lending tree don't research what is going on with the estimated value given to their client to make sure in today's market refinancing is even an option. This is why the housing industry is the way it is now. Irresponsible Lenders including Sterling National and the people that work for them Eric Garcia.

Denise
Cave Creek, Arizona
U.S.A.