I've been there. All that I have watched here go like this. At the sale the bank bids it in at their mortgage owed plus all expenses they have, like phone calls and lawyer fees. Very first bid, No bidding at all Then they sit on it, One I tried to buy owed 82,000 bank bid and took possesion at 148,000. Then it sat 2 years until they listed it with a realtor. Needless to say there are many empty, foreclosed houses here. I think the bank carries the empty house on their asset list at the bid value--makes their paper work look good. BTW, if you win bid, you need cash or bank draft for full amount within an hour or so of sale.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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