Florida Real Estate Blog

As a Realtor we have the opportunity each month to work with numerous Lenders and the group we fear working with the most are the monster mega banks as Clark Howard (Radio Talk Show host) calls them. They are the one group of lenders that consistently promise to deliver and 90% of the time they do not.

We are left with a family hoping to move in over the weekend only to find out they have to unpack the rental truck and return it or pay for 3 to 4 more days of rent. The Realtors are running around on the last day of the contract trying to get an extension from the Seller and Buyer so we can stay under contract.

This is very frustrating for the poor Seller who may be planning on buying their next home that same day. Now we have 3 families impacted all because the bank is allowed to misrepresent their ability to provide a mortgage package in a time frame less than 35 days. That is just my rant if you really want to get upset with the banking system go to ClarkHoward.com he has some major blogs about what they are doing with ATM cards and their credit card companies. Please, what ever you do, stay away from those banks. They will only hurt you over time.