Old, my daddy- who was probably about your age- told me something about owing banks money. " if you owe a bank 10 grand on a 100k property and can't make the payment-watch out, they're coming to get you, you've got a problem....if you owe them 90k on a 100K property and can't make the payment, THEY'VE got the problem- and they will work with you forever to get just one more dime". Look at all the foreclosed homes available for half the loan value- man, do the banks have a problem now! I really beleive we are going to see some great deals on refi soon- I don't think banks can afford to keep repoing houses!
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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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