Today I was shopping for a large capital expense item for the office and met with a software vendor and the owner of a hardware dealer up in the Everett area. The software vendor was showing his wares in a presentation and his accent was thick. Obviously the gentleman was from Britain. He asked what line of work I was in. I said, “escrow business.” Anyway, that broke the ice big time and we all must have talked for about 30 minutes straight about the real estate market GLOBALLY. This gentleman from England can’t sell his place, can’t refinance because of lender tightening there as well and…..drum roll please…..guess who his lender is?
Yep, Northern Rock.