First Federal Savings & Loan Association of Bath Front St, Bath

First Federal Savings & Loan Association of Bath Reviews

• j

  john donovan
  1

  I recently sold real estate where the funding was drawn from a mortgage at this institution and the home buyer happens to be an employee of first federal savings working in the loan department at the main office . After satisfying the terms of the closing documents and honoring the written contract as stated , first federal savings and various employees in the loan department have allowed the home buyer to take this land purchase from a professional level and diminish it to become part of a personal vendetta on behalf of the home buyer/employee in their dispute with me the home seller . At the end of the day , I lose out on $3,000 that was part of the original purchase price .no worries Also noteworthy here ,in the short time I was an account holder at this institution I was made aware of the actions of the internal auditor and their desire to track the movements and expenditures of certain account holders and discuss this after the fact with various co workers . There is an upside to dealing with a large bank where you are just a number and nobody cares what you did over the weekend or how you spent your money . EDIT 3-21-2022 while filing my 2021 taxes I see where I am taxed on the $83,000 sale price that first federal fabricated to make it appear the buyer(their employee) had $5,000 down , it was listed in the closing documents as a “gift of equity” from me to the buyer . According to the IRS you can only gift to family members . I did sign the closing documents, apparently I should have brought my own attorney to the closing transaction . This institution has a slimy way of doing business . Talking to David platteter as representative for first federal savings he had no remorse for the actions of his staff and acted like this was just how business is handled

• K

  Kahla Peck-Snyder
  5

  I had never used a bank before and was nervous and the bank was so nice. Not stressful at all and very helpful.