I read with amusement this morning a story from Yahoo!/Huffington Post about Chase messing over a couple regarding their mortgage and ultimately, foreclosure. I’ve been involved with similar scenarios regarding Countrywide/Bank of America on a couple of occasions for clients.
Interestingly enough I had a conversation about banks yesterday with Steve F of the Bank of Blue Valley. Naturally, he took a more defensive posture for banks. Understandable for two reasons: 1) He works for a bank. 2) He works for a bank that isn’t too big or stupid for the left hand to not know what the right hand is doing. I like Steve and the Bank of Blue Valley. They have always been very responsive to my needs.
Just another reason to consider the size of the bank when building a relationship. Real estate investors, are you listening?