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Bank of Commerce - has anybody dealt with them?

Posted by Michael Michetti on October 26, 2011 at 7:54am in Short Sale Discussions

They have a 2nd loan on one of my deals.  Good news:  They issued an approval letter after we sent the package to them.  Bad News:  They just randomly stuck in 50% of the proceeds to them.  Quite sure the first will not allow this...Ha!

 

Just curious as to whether anyone dealt with them before and this was SOP for them or possibly some incredibly moronic mistake.

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Replies

  • Jeff Struchen October 28, 2011 at 4:58am

    Michael,

     

    I am familiar with a local, relatively small bank here in Idaho by that name. Could it possibly be the same one?

  • Bryant Tutas October 26, 2011 at 11:53pm

    I have not. If you get contact info for them please star a group for us so other members have the info available. Thanks

This reply was deleted.
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