Maybe at a mortgage sale but not directly. First he would tell you that he wants about $150K more than the market value. Then he will explain why HIS property has not declined in value while the rest of the state is dropping 20-25% in actual saleable value. IF you are able to come to an agreement on price, you will then be told by the mortgage company (after preapproval and payment of a $500 fee) that you cannot have the loan because the property is not worth it. When you report this back to the seller he will give you the "well shucks" routine and eventually offer to LC the property. Terms will be simple. Since he is not getting a lump sum he now wants to add 5 figures to the sale price, collect an outrageous interest rate, and retain the right to foreclose on you in 5 years. Swears he will "work it out" if things should go badly but gets cagey if you want it in writing. You have just decided (unwisely) to keep negotiating with this human turd when along comes a slick willy realtor (who has not had a sale in two years) to convince him that his is a "unique property" and he should hold out for even more $$$. I would like to tell you that this is fiction but.....
Implements are not the only thing getting scarce around here....work, money, common sense....the list could go on forever.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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