Tuesday, February 5, 2013 - 3:02 PM
Terrible Bank Take Your Business Elsewhere.Northrim Bank
Northrim banks claim to "customer first service" is a sham. They are all about big business and don't care about the problems of the individual banker. In some cases a bank will accept what is known as a "deed in leu" where you can give back a house when you have no other choice. I happen to know that Northrim accepted an entire housing development back from a big builder, When my septic system failed due to ground conditions after paying over $100,000 in interest over the coarse of the loan Northrim refused me, in fact they threatened to sue me if I couldn't keep making the payments. So remember that when you choose who to get your home loan from.
1 posts since
Feb 5, 2013
Rep Points: 1
1. Tuesday, February 5, 2013 - 4:59 PM
So because the septic system failed on a home mortgaged thru Northrim Bank you felt as though they should "buy it"? You mention "no other choice"...for what? Means to pay for the home or replace the septic system? The way you write it up sounds like the septic system failed, you haven't the funds to repair it without dipping into your mtg. payment funds which would hurt and you want out from under home ownership at no expense to you. Is what it sounds like to me. Please correct me if I'm wrong. As far as buying a whole development back from a builder...my guess is the builder defaulted on a loan for construction and the bank took it to settle.
73 posts since
Dec 8, 2012
Rep Points: 189