What’s worse is the mortgage company lending money on this house.
And the Mortgage Backed Securities that are filled with loans like this.
Ah Well. 2008 can’t ever happen again, right??
/sarc
No one will fund that loan. It will have to be a large cash sale.
The maximum jumbo loan is $625,000.
Outrageous bubble pricing of homes happened right before the 2008 crash.