I can guarantee you the bank don't give a chit what happens to her so long as they get theirs. Meaning if the machinery is held as collateral, they'll sell it all for 10 cents on the dollar if she turns it over to them and they'll still come after her for the balance. If she turns it over to them, they certainly won't be taking the time and effort to sell anything for the best price they can find or a fair market value. Your better off to notify the bank that your selling said collateral, then put the money on the loan when you get it sold. Otherwise she's just giving away any equity he's worked for.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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