I went to the mortgage brokers office to sign papers.
Mostly just papers that talked about what the bank needs from me and that I give them the permission to look at my personal information and get my credit score. Credit scores seem like one of the bigger bank schemes, but I digress.
The process took about 10 minutes as the broker explained each page I needed to sign, no biggie. After this the loaning bank has a group of randomly selected appraisers to pick from. Then said random person will go out and look at the property and suggest the foreclosure price that the bank would sell it for if I fail on paying the bank. (or what they like to call an "appraised" price)
language hides the intent behind things all too often.
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