Friday, August 31, 2012 - 1:06 PMWill Not Do Business With Alostar Again
AloStar Bank of Commerce 
(
1 stars)
We used Alostar Bank (formerly Nexity) for a HELOC and when we ran into trouble with the home values decreasing in our area, we attempted to refinance. Alostar refused to subordinate and it killed the deal. 2 years later, we tried to refinance again - to better our situation and actually put more money towards the payoff of the HELOC, however, Alostar would not even compromise.
I'd stay far away from this bank as the actions we've seen above speak to their level of personal relationship with their customers.
3
mahalo1 posts since
Aug 31, 2012
Rep Points: 3
1. Tuesday, January 29, 2013 - 2:26 PMI ran into the same problem with this joke of a bank.....their refusal to cooperate makes no sense but they are not doing the right thing. The subordination changes nothing for them with the exception that it GREATLY increases the likelyhood that we will continue to pay them. Not a smart tactic on their part.
1
allitali1 posts since
Jan 29, 2013
Rep Points: 1
