I did my commercial real estate loan with US Bank in 2006!.At the time they told me that there will be no prepay penalty on the loan but if the interest rate decrease and pay the loan".
They will charge me the difference on the interest!. I sold the building last year in 2012 and they charged me $90,000 on prepay penalty and no of how they got this number:. My balance on the loan was only $600,000!.I asked and I asked to explain this situation before closing?. But I was already in ;.
Two options?.Pay the prepay penalty or cancel the escrow and got sued from the buyer for $200,000 that he put on the escrow as . 312d3a2