what the bank is looking at, is a the year of the truck,and its vaue if they had to repo it,and sell it as soon as possible at any cost.due to the way the banking laws are set up any repo is a loss,no way around it. every day that they hold this and pay taxes storage etc is simply a greater loss.thats why often times a bank will not pay taxes on a piece of property and its sold for the taxes.since its not the BANKS money they loaned,but the investor/depositors and they didnt have any say in who gets a loan ,any unsecured loan is basicaly against the law.they by law should only loan money thats secured in some way. huge difference in whats allowed by a credit union or loan company and a bank. Its not that they simply do not want to loan you money,just that they have very strict rules they are supposed to follow.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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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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