Print Page - Loans on eminent domain properties

Title: Loans on eminent domain properties
Post by: Don_Papenburg on January 26, 2006, 09:48:51 PM

I heard today that a large lender in South Carolina is no longer financing properties that were aquired through eminent domain. They said that it hoped other lenders would follow.

Title: Re: Loans on eminent domain properties
Post by: moosehunter on January 26, 2006, 10:05:41 PM

It shouldn't even get that far!
But good on them.

Title: Re: Loans on eminent domain properties
Post by: WeeksvilleWoodWorx on January 26, 2006, 11:01:59 PM

It's actually a North Carolina bank, BB & T. As the CEO said tonight on H & C, formerly an Eastern NC Farmer's Bank ;D He actually dared any developer being turned down because of eminent domain lending restrictions to sue them!

Title: Re: Loans on eminent domain properties
Post by: Don_Papenburg on January 27, 2006, 12:27:19 AM

I knew it was one of those Carolinas.

Sure is cool to see a big buisness take the bull by the horns and do the job that the spineless goverment will not do.

The Forestry Forum

General Forestry => General Board => Topic started by: Don_Papenburg on January 26, 2006, 09:48:51 PM