Banks, Appraisals and such

I am working with a well qualified customer right
now to build a home. The financial institution
they have used for a long time is demonstrating
great inflexibility in working with them to build
their new home. This customer has NO personal debt.

The institution they are working with is small and
doesn't do alot of construction loans.

One of the issues gumming up the process is the appraisal. Home appraisals are CRAZY right now. The foreclosure market, "Bank Owned Homes" and distressed sales are hurting all of us.

Nevertheless, since this problem arose, I have introduced them to a
large institution that has experience with construction loans and
can propose different financial solutions to building.

The moral of the story. Know your banks, know their abilities.
Your customers hope to build a home depends on it.