I read an interesting article in the LA Times about Bank Of America and its refinancing rules and problems. To summarize the article it was basically saying that Bof A once leant money to anyone and now they are so strict that even the best clients are being turned down for refi. I know my office has many many deals with banks, and they operate at a snails pace? Do you agree that the banks are what is holding the market back? Is BofA making it worse or is it all banks? Or are the banks just the scapegoat in all the housing mess?
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
