Monday, October 5, 2015

Bank update

News!

We're switching banks from SunTrust to Federal Savings Bank. The reason? Our house company told us that SunTrust has a bad habit of not paying out if there's a lien on the property and apparently lots of sub-contractors put a lien on as matter of course until they're paid. Leading to all kinds of nastiness. SunTrust doesn't pay Schumacher, Schumacher doesn't pay the subcontractors, and the lien never gets removed and everyone's unhappy. Screw that.

So we've gotten pre-approved from Federal Savings. In fact they said we're 'Well Approved'. How about that!


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