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I would like to hear from people that have had a bad experience with a log home manufacturer, builder, dealer, or bank. I think it is important to let the public know of any problems, so serious purchasers would know who to avoid! Thanks to all and
GL!

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Comment by EZMARY on April 22, 2009 at 2:46pm
Exactly my point. Couldn't of said it better Tom!
Comment by Tom Ryan on April 21, 2009 at 11:24pm
Here's the rub, guys. Banks are managing their risk like never before, which means they're not disbursing 100% of a log package upon delivery. Providers have been burned too but what choice do they have with buyers who finance? Not too many folks are liquid enough now to pay cash for their log or timber package. At the end of the day, banks are going to win because they have the cash. Providers who don’t (or are not able to) adapt will be righteous in their demise. Unfortunately, both providers and banks will attempt to shift risk onto clients and it will be up to the clients to sidestep as much of that as possible. Easier said than done, especially with the banks. So, again, providers who have the cash carry to extend more realistic terms for today’s credit market will have an opportunity to grab market share. Those that don’t, well, it’s going to be a rough ride and many will not make it.
Comment by EZMARY on April 18, 2009 at 8:20pm
Oh I don't know if those days are gone. The banks may once again, be strict with paying out. Log home manufacturers may have to do business that old way, if they want to sell packages. That may become the only way for the manufacturers, builders, etc... to get paid, and it will keep everybody honest!
Comment by Randy Esposito on April 18, 2009 at 7:08pm
Have to agree with Sheds & Shacks.. those days are long gone. Don't know of any company that will wait for payment until the shell is erected. I think way too many companies have burned. Almost all will not unload off truck without full payment.
Comment by Sheds and Shacks on April 18, 2009 at 3:50pm
I think them days are gone.
Comment by EZMARY on April 17, 2009 at 10:41am
I owned the land, which was my down paymet on the construction loan. I only had to come up with 1500.00 closing costs to secure loan. This was back in the late 80's
Comment by EZMARY on April 17, 2009 at 10:40am
No I was my own general contractor. I was stating my whole log package was delivered, and I only paid 10% down, and the rest wasn't paid until the shell was erected' I just purchased logs, log siding, and doors and windows from the manufacturer. I bought the dementional lumber, locally, and it was here for the dry in crew. After the shell was erected, and inspected by the bank and building inspector, then they were paid.
Comment by Sheds and Shacks on April 17, 2009 at 10:09am
That's amazing. You only made a 10% deposit and they handled all the prints, permits,foundation,labor prices for subs, and all the materials were delivered with the sub-floor, logs, and roof system erected prior to add'l disbursement? Did the company you bought from also own the land? What was your turnkey sq ft price?
Comment by EZMARY on April 17, 2009 at 2:50am
Sheds and Shacks:
Well now you have heard of someone getting everything at delivery. I have! I also only put 10% down, and the company worked on a bank letter. There wasn't anymore money paid until the shell was erected. I had a contract with the log home manufacturer, for the package and dry-in labor. Once the bank and building inspectors, inspected everything, then a check was made out to me and the manufacturer, I then had to sign over the check to them! I had a place to store windows, doors, permachink stain, and other misc items. Everything was out of the weather, well except for lumber which was put on straw, on pallets, and covered in plastic or tarps. I still say don't put any money down, get them to work on a bank letter! There is a lot of truth in what you are saying. I appreciate your comment, and have a wonderful day
Comment by Sheds and Shacks on April 16, 2009 at 10:19pm
Contrary to all the millions of dollars spent in advertising, everyone who has been in business either selling or building has somebody out there ticked off. Sometimes it's the customers fault, sometimes it's not. However, if a customer controls the draw properly for materials and labor, the most you should lose is a deposit, which should never be more than 10%. I know, dealers always want all their money prior to unloading, blah-blah-blah. However, I've NEVER heard of one sending EVERYTHING in one delivery. So, if your windows, doors, trim, roofing, etc isn't at the sight, then it's your own fault if you get stuck. P.S. Often times it's the builders that are getting stuck by the customer and or the dealer. That's why when we do things different.

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