re: #309 drcordell

I read that, looks like an interesting case. Apparently he had an offer to sell the house at price that was high enough to pay off the remaining debt, but the bank refused to accept the offer and forced foreclosure instead. Can’t say I blame the guy…

From what I read the home had been used as collateral for more than just his carpet store. When his other business ventures went under they came for the house. The lesson here is, don’t loan money to this guy.