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Old 08-25-2003, 01:56 PM   #95
geof
Senior Member
 
Join Date: Oct 2002
Location: Cincinnati Ohio USA
Posts: 286
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Patrick:.....this seems to be the rule these days-One of my business partners does re-finance and new finance of houses.....everytime one of these loans tanks-the first thing the borrower does is file suit.....so we have moved him into a condo unite owned by his brother leased a vehicle for him to his 89 year old mother in a resthome/the condo is owned by his brother who is not an employee of the company-make all deals go though a S&L account and convert to cash upon demand to keep the lawsuits form piling up-[you can't get blood out of a turnip as the saying goes].....and it's only getting worse as the interest rates are going up ....1% in the last month alone....good luck with this one-Showhauler might have a few leeds also ask Lonnie-after all he has a vested interest....and remember to refinance ASAP-watch for the refinance clauses also....geof-Near Cincinnati
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