All Forum Posts by: Ian Ray

@Jon Holdman it was a loan directly to my company, not tied to a specific asset.

Jon, it was a loan directly to my company, not tied to a specific asset.

Here is the quick and dirty; I am late cashing out an investor due to the fact that my account is currently frozen due to some red flags on how I was moving money in and out (newer account, a few failed closings, so monies came in and out of escrow, so the activity looks weird) 

The bank is doing some kind of anti money laundering investigation, which I am not worried about at all. What I am worried about is an agitated investor that I have who I am late in paying due to this situation.  I am only (currently) 13 days late in paying him.  Am I exposed to any legal liability currently?  I have been in communication with him the entire time, and am by no means blowing him off.  That doesn't seem to satisfy him though.

Should I be worried? I should be able to make payment soon (within about 4 days or so), but I am taking his ire seriously.  Please advise. 

Do lenders view seller carry backs at the closing table as unethical?

@Greg Scharlemann  Thank you for your insight sir!

@Jeff Kehl Re reading my last post, I wanted to clarify that the "Any other questions" statement is a genuine one and not meant to sound snarky in the least, if it came across that way.  I am sincerely interested in any other questions you have on this.  I look at it all as learning