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Grow-op was financed by banks!

PostPosted: Wed Jun 23, 2010 11:30 am
by Alan
http://www.theprovince.com/business/Gro ... story.html

I want to know what their banker's name is!

Re: Grow-op was financed by banks!

PostPosted: Mon Jun 28, 2010 11:42 am
by jeffcm
By looking at the history, seems like the house is known for "Grow-op" and got busted for few times. Does bank usually check those record before refinancing? :o

Re: Grow-op was financed by banks!

PostPosted: Sun Aug 08, 2010 10:15 am
by findahost.co
Yes I have the same question; I was always under the impression that banks are generally very careful and cautious would generally take some basic search of assets and revenue. Wouldn't that raise some questions.

But since it isn't a new loan perhaps they didn't bother to do the general check up