The Bank of Good Will trumps Ocean Bank, maybe

Thanks to an overwhelming outpouring of support from friends, family, and my fellow bloggers, we've paid  nearly 70% of what was owed. Pretty amazing considering that this effort just started two weeks ago. Any  reasonable person would be convinced at this point that the we were good for the rest. Of course, no one ever said that Danny O'Brien and the folks at Ocean National bank were reasonable. Their stance is all or nothing.
So, despite the fact that half a dozen people have called high level folks at Ocean to vouch for my character, AND the fact that hundreds of people have sent money and voiced their support for what this farm means to New Hampshire and the local community AND the fact that the value of the property is roughly three times what the mortgage is, they will not stop the foreclosure nor will they cease the very expensive advertising that they are forcing me to pay for - -estimated at around $14K and rising.
These are obviously not the actions of a rational entity. My hunch is that they're in more trouble than I am, if not financially, certainly spiritually. If you want to express your opinion on any of this to them, Douglas Coombs is their PR person and he can be reached at: [email protected] or 603-334-6739  or contact the New Hampshire Banking Commissioner, Peter Hildreth, [email protected] and voice your concern.

Comments

[KDPaine]

Interesting that the "Resident" of "Durham.Com" is registered to a company in New York with an administrative contact in Marietta,Georgia

[KDPaine]

I hesitate to dignify meaness with a response but just to set the record straight, I am not "stiffing" the town. I've paid the taxes on this farm for 35 years -- since I was 19 years old. And mine have risen along with everyone elses, in they've tripled since 1999.
Secondly this is not just a piece of real estate, it's where my family has lived for 100 years. To lose that is to lose a piece of one's heritage.

[Karen Tumelty]

It's interesting to me that people who have nothing supportive to say (even if it is critcal) never sign their name. I challenge each of you to take a look at your own life and, if you have never had a time that you were in trouble you should be thankful and humble.

I am proud of Katie for reaching out to the people she knows and loves and who know and love her and asking for help when she needs it.

[resident]

I really resent the notion that we who pay taxes in Durham should feel sorry for you, who are stiffing the town and increasing taxes for the rest of us.

[JR]

Until you pay off the Note, the bank owns your property, and the mortgage gives the bank the right to repossess if you don't make the payments you promised to make.

Maybe you should cut your losses and give your friends their money back. You could probably make a bigger profit if you sold the property on your own rather than letting it get foreclosed on.

A lot of people file bankruptcy, too, which doesn't have to be as bad as it sounds.

[Buster Brown]

If you can't afford the lifestyle, you shouldn't be living it!