J
J. Keith Maxwell Review of First National Bank of Tallade...
My brother has a small loan on a rental house (60%...
My brother has a small loan on a rental house (60% loan to value ratio) and is CURRENT on his payments. Well he died suddenly last Friday. We buried him on Sunday. This morning (Tuesday) we get a call that the bank is moving to foreclose on the loan since "he's not able to pay." No discussion about what the family will be willing to do. I think the reason is the 40% equity in the home. What do you think? Please tell ALL of your family and friends to NEVER use this bank.
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