Foreclosed on B of A

  • Posted by a hidden member.
    Log in to view his profile

    Jun 05, 2011 6:44 AM GMT
    Now this is funny. The best thing I read all day

    http://www.digtriad.com/news/watercooler/article/178031/176/Florida-Homeowner-Forecloses-On-Bank-Of-America

    There's not much I despise, but B of A, Shitybank, and Chase come real close.

    What I find strange is the fact that B of A leases the spaces for their branches and does not own the RE. Maybe this is the one exception. We had a Chase branch get 60+ plus days past due on their rent back during the crisis. I really really wanted to evict them. This is shortly after they raised my interest rate on my Chase visa to 29.99% despite never once being late in the 18 years I had that card. Their reason was because of the business I'm in, commercial real estate, represented heightened risk. With them as tenants I suppose it does. Talk about the chickens coming home to roost. Their lease rolls in about 4 years and you can guess how much their rent increase will be --- you got it --- 29.99%
  • Posted by a hidden member.
    Log in to view his profile

    Jun 05, 2011 7:17 AM GMT
    jprichva said
    OldGeezer said Their lease rolls in about 4 years and you can guess how much their rent increase will be --- you got it --- 29.99%

    Nice symbolism, but I'd fucking double it.
    I used to be a market maker in Chase on the floor of the stock exchange years ago, before the JPMorgan merger. I have more than the usual number of reasons to hate them.


    I wanted them out and partners didn't. In a three tenant center where they had 44% of the GLA, in 2009 the difficulty filling that space could have put a few others out of business. In hindsight they were right.
  • Posted by a hidden member.
    Log in to view his profile

    Jun 05, 2011 3:58 PM GMT
    this is so funny and well deserved that:

    bump