Sterling National bank gets mortgage leads from lendingtree.com
Lending tree provides the current property value to the lender. The lender did not do any research to make sure the home he was refinancing was worth anywhere near what needed to be refinanced.in today's market this seems to be a very important step. There are plenty of ways to do this without an appraisal. If I had been told there was a chance that the appraisal would not cover what is owed i would have made the decision not to do the refinancing at this time. I then paid $445.00 for an appraisal and it came back $75,000 less then what lending Tree estimated it. I think think Sterling National gets a fee from the appraisal company they use and are scamming people out of thier money! Because Eric Garcia and Sterling National Bank don't care about people only money I am out $445.
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