Quote Originally Posted by olddude View Post
that is the prevaling thought, but I dont put any thing past these monsters. just a few short years ago they waved their majic wand and made my 30 + year old $50,000 mobile home worth $150,000. then tried to lone me money on it fortunately I didnt go for it.
I'm confused but then at my age they tell me this is normal.

I could conceivably be so that your 30 year mobile home now had such a value had it been sitting on a fixed foundation on freehold property that you owned wholly or in partnership.

At what rate of interest did they offer you the loan, it's almost certain that you would not have had to commit to borrowing the full amount and that you could have settled for a portion should you have accepted the offer. Apparently your credit rating has diminished since that offer was made.



When the appraisal was done and the value determined to be $150,000.00 what was your property tax assessment for that year.