The Heatleys
(305) 984-5524
facebook twitter linked in youtube


Blog by the Heatleys


Oh ! These Lenders !!!!! A Coral Gables Challenge

Here we go trying to figure out how to work with a lender, and this is a local lender who should have an understanding of our local markets… We have a customer, a builder, who is considering buying this property where construction has stopped. The problem lies with the bank (and yes I admit that I don’t know all the details concerning their situation regarding this house) who is, according to the listing realtor, adamant on a certain price which is  above the market price. So, nothing happens, the property deteriorates, and the neighbors get to look at an unfinished house sitting on an overgrown lot… To me this is incredible as the method for solving this, and other similar problems, is exactly 180 degrees from what I learned in business school many years ago.



What is your opinion?