Crazy Horse- Here is why I don't want to use banks (I know I don't really owe anyone an explanation).
20+ years ago, I bought my farm. It was just the land and no structures were on it. I financed it through a small, local savings & loan.
A few years later, the S&L was bought by a national banking company.
A few years after that, I received, in the mail a 'Notice of Foreclosure' on my farm. The banks reason was because I failed to provide "Proof of Insurance" on the house I built on the property.
I called the local branch of the bank and explained to them that I built my house and paid cash for it. The loan was for just the land. I did not need to provide them with "Proof of Insurance" on the home. I talked to each level in that branch up to the Vice president. Each one stated that they were going to continue with the Foreclosure proceedings because I refused to provide "PoI".
Getting close to the foreclosure date, I was finally able to talk to the president of the national chain. I explained to him that the loan was only for the property and he could check the deed. I built the house and paid with cash therefore, the bank had no justification for wanting "PoI" on the home. He said he would call me back.
He called back a few days later and said he read the deed and the loan was, in fact, for the land only. They had no reason to ask for "PoI" on the home.
They dropped the Foreclosure proceedings.
There it is in a nutshell....if I have to fight and fret so much to save my property from a greedy bank, when they were wrong to begin with. Why should I use their services?
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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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