It’s Not Just in California; NYC Banks Also Unreasonable
I’ve already written about the difficulties California buyers and sellers are having with lenders. Well, we’re not alone.
I just came across an interesting NY Times article that explains the pain being caused to Big Apple buyers and sellers. For example, many NYC lenders consider “walk-ups” substandard housing. Duh! As a New Yorker in a previous life (pre-1978), I had to laugh at that. The City (both Manhattan and San Francisco call themselves “the City”) probably has as many walk-up buildings as ones with elevators.
For more humorous/horrifying examples of bank stupidity, read “For Home Buyers, More Bank Roadblocks”