Lender Problems

Dave Siciliano

Final Approach
Joined
Feb 27, 2005
Messages
6,434
Location
Dallas, Texas
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Display name:
Dave Siciliano
Last Spring, I shared with some of you that my lender on a subdivision got in trouble and on short notice, I had to move a sizable loan. Well, the regulators just shut them down.
http://online.wsj.com/article/SB125997349620477655.html

Great folks there. When they found they were in trouble, they gave me an incentive to move my loan. Luckily, after a lot of stress and work, I was able to find another good lender and refinance.

A lot of folks are getting caught up in situations like this and can't find another lender. I had several great things going for me and a friend on a bank board that steered me. Many aren't so fortunate.

Very sad situation.

Best,

Dave
 
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