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Bank Loan question

1715 Views 10 Replies 9 Participants Last post by  WilsonRMDL
I did a job last year, and the client (a buddy, at least I thought) said that the bank required him to insulate the attic before they would approve any loan. To me that doesn't make any sense. They were trying to get a loan to finance a 2nd story addition.

I can understand how the bank would require permiting information, and/or that the various permits get finalized. But a requirement regarding that the attic get insulated? This makes no sense to a hucklebuck such as myself. Hoping one of the G.C. guys could fill me in on any potential requirement that a bank would want in regards to finalizing a loan for a loan extension.
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Ok I understand why they want a home that is insurable. But how does insulating the attic play a role in this equation?
I don't want to get into the personal details, as we all have enough drama in our own lives. What I am trying to get from this topic is how do I go about proving his claim is a farce. He certainly will not give me the banks name.

At this point, I am trying to figure out where to go from here. I need to prove that he is lying. I just can't figure out how.
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