Rosen Properties Real Estate Blog

Banks vs. Trees

July 16th, 2010

I heard a story today about a real estate investor working on a rehab in a state different than where he lived, I’m not sure but I think it was Florida.  The state is irrelavant to my story but the law mentioned made me think. 

This investor wanted to cut down a tree to improve his curb appeal until he found out that local law required anyone cutting down a tree is then required to plant 3 trees… Wow, stiff but I like it!  Needless to say the investor opted to simply trim the existing tree.

I really think that banks, in particular those banks working on foreclosures, short sales and loan modifications, should be required to plant 3 trees for every file worked on and not approved.  I’m currently working on 3 loan modifications. I’ve had to refax the same documents multiple times because… maybe the T’s weren’t crossed correctly?  Then I call back the following week to follow up only to find out that I have to resubmit UPDATED docs because the first set is now outdated.

These institutions should be held accountable somehow for their wastefull practices and pure neglect for our natural resources not to mention the huge waste of the consumers resources… it is simply idiotic!  I have confronted them about this and they reply that they are completly electronic… they obviously don’t realize that the consumers are not typically as electronic as a billion dollar bank… we need to print a hard copy in order to fax it in!  And, they won’t except emails you have to fax it in! 

They should have to plant 3 trees for every file they start and don’t approve!

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