Don't Do Business with Bank of America!
Warning: This post has been rated PG-13 for mild language.
So, a word about business stupidity. My parents have had a home equity loan through Bank of America for the past ten years (and also have money in some savings/checking accounts, as well as a credit card). They wanted to renew the home equity loan to continue doing some work on the house and finish paying off what they owe. But when the appraiser came to evaluate the house, he said he wasn't able to do an evaluation because there wasn't siding on the enclosed porch they added on. They have the home equity loan to do improvements on the house, so what do you expect to see, genius? Since they wanted to renew the loan, you kind of might expect to see that there are some projects still in process, don't you think? Also, since they were doing improvements to the house, one might speculate, or haphazardly guess, or foolishly expect, that the house was actually worth more than it was ten years ago when they first got the home equity loan.
When the bank called to tell my mom that they couldn't renew the loan, the woman told my mom that they really appreciated my parents' business. Really? Because it seems like you're saying otherwise, Bank of America. The thing that is most annoying about the whole thing, is that the appraiser was a huge asshole. He had to go into every room and take measurements and take photos of everything. So, I don't think this one little (maybe 100 square foot) un-sided porch really is stopping him from giving an estimated appraisal. I'm guessing it's instead the enormous ass sitting atop his neck.
So, my parents will be taking all of their money and business elsewhere, and rightly so.
So, a word about business stupidity. My parents have had a home equity loan through Bank of America for the past ten years (and also have money in some savings/checking accounts, as well as a credit card). They wanted to renew the home equity loan to continue doing some work on the house and finish paying off what they owe. But when the appraiser came to evaluate the house, he said he wasn't able to do an evaluation because there wasn't siding on the enclosed porch they added on. They have the home equity loan to do improvements on the house, so what do you expect to see, genius? Since they wanted to renew the loan, you kind of might expect to see that there are some projects still in process, don't you think? Also, since they were doing improvements to the house, one might speculate, or haphazardly guess, or foolishly expect, that the house was actually worth more than it was ten years ago when they first got the home equity loan.
When the bank called to tell my mom that they couldn't renew the loan, the woman told my mom that they really appreciated my parents' business. Really? Because it seems like you're saying otherwise, Bank of America. The thing that is most annoying about the whole thing, is that the appraiser was a huge asshole. He had to go into every room and take measurements and take photos of everything. So, I don't think this one little (maybe 100 square foot) un-sided porch really is stopping him from giving an estimated appraisal. I'm guessing it's instead the enormous ass sitting atop his neck.
So, my parents will be taking all of their money and business elsewhere, and rightly so.
posted by Christy at 3:44 PM
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