I bought 46 acres this time last year. did not take long at all to get loan and paperwork done. me and seller agreed on price the monday before thanksgiving and signed all papers on dec 28th. two things took the longest waiting on title search and getting appointment with lawyer for closing. 2nd thing was working around the bankers 2 week long vacation he took at thanksgiving and middle of dec. getting approved for loan took about a week of getting info to banker. financed with the land bank (agcredit) and their policy is you must have 15% of purchase price of put up collateral of 15% of purchase price.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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