I'm blonde. Not stupid. Good grief -

[kyburg]

I came home last week on my lunch hour to meet with a very nice man from a contracting company associated with the Gas Company here in California to see about replacing windows in our house.

Very nice. Had to skip out to go back to work because, well, I have to make a living and my lunch hour is over. Gotta run.

But were were given a quote - a little over $7,000, to replace 12 windows. Okay, I don't have that in the bank (without touching my 401K, of course) - so go ahead, see if you can finance it.

Just got off the phone.

The dirty bastards tried to write it as a second on my home mortgage. A $7,000 loan. They wanted a $500,000 house (I just got a comp yesterday for a smaller lot with a duplex on it for $612,000 down the street) as collateral for a $7,000 loan.

Okay. Livid now.

Told them to go back and get an unsecured (don't know how unsecured it can be, they can come back and take the windows, fer crissakes) loan - or forget it.

Boy, they can forget it. They can SO FORGET IT.

Getting with the bitey stabby death here. Big time

Comments

[advorpt.livejournal.com]

Wow. I guess that'd be a good deal if they could get it. *cough* :/ Seems more than a bit underhanded to conveniently omit telling you they want a second mortgage. Discussing their financing options are as important as the price they'll charge for the work. For me, this would throw their entire business practice into question and I'd likely look elsewhere.

On another note, they wouldn't necessarily get your house if you did take a second mortgage and subsequently defaulted on it, but still...they would have plenty of adequate legal recourse if you signed a contract for services and then didn't pay them. They certainly don't need to secure it with a mortgage.