litch: (Default)
[personal profile] litch
Awww crap!

So my bank did a apprasal on my house and came up with a value of 143k. The value dan gave us that we used to determine nancy's equity was 150k.

The pay off for the existing loan + nancy's check is 112, they can only give me a home equity loan for 80% of the appraised value minus the mortgage. Since 80% of 143 is 114 I only qualify for little more than a couple thousand for the home equity and it's not worth their time to make a home equity loan for that small a number.

So somehow I need to come up with my share of the money I need to pay off our credit cards and close out the account to meet the demands of the decree.
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litch

May 2009

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