Our blog is about keeping builders with growing inventories that are being beaten on by the banks from stepping in it.The sole purpose is to have a place to tell your story and to read those of others. We do not want to bash, but to make a place to see there are others out there. Share the stories and methods that worked and ones that brought on more headaches….the ones that did not. We have lived through some pretty tough scrapes by holding strong. Not wasting precious resources by fighting the institution or defending the act of not paying our obligations, but by showing the aggressors that this is not a market that any one builder or person caused. Showing them that we did not cause this and that we share the problem with the banks. It is up to them to notice that we are not going to just roll over because they beat on us. Stand tall, help your brothers stand tall, and for Petes sake, when they take swings at you, don’t just take it. Push Back.Post your story under one of the topics and share your story, you can remain anonymous but please, take the survey, share some of the tools that worked for you to keep alive.


Thursday, October 9, 2008

Bad Bank Behavior...

Another story now.
X-Bank takes us into Receivership and hires the very realtor we deemed incompetent to sell.
The need to screw partners, subs, and their want to develop 12 acres of solid basalt rock in a suburb rather than wait longer and work with us took over.
Banks eat people.
Another story.
X-Bank, set to foreclose, did not even blink at taking the lots.
They took them knowing we owed 160k each, and we had an offer for 950k each.
Now they have them, they are going to work with the same Realtors, same buyer?
What the hell? And of course the buyer will come with a lesser offer, and they will take it.
They have no regard to what our deficiency will be as long as they call the shots.
Bad bank behavior.
I want to sue.
Banks are now starting to increase their urge to foreclose or deed in lieu on builders.
They are hiring subs and builders in a manner where they will be the seller and convey the property.
Who will be checking on their builders risk insurance?
Liability?Permitting?Contracts?CCB licensing?Bonding?
Who regulates the banks insatiable panic to use or misuse the remedies given in a poor manner?
If a bank does this they should be denied judgments and forced to build houses with the same laws and rules we are.
They cannot be the seller of multiple homes without being licensed and held to the same standards.
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Portland, Oregon, United States
We have built homes and developed land. Now we fight to survive. Please take the time to vote on the poll. Please visit the builders forum. Please email me a story. Have a great day.
"Lets face it, times were good, and we all made hay. Now we are creating our own versions of our 80's stories, you know the ones the silver haired guys told us about 5yrs ago"