I've been there. All that I have watched here go like this. At the sale the bank bids it in at their mortgage owed plus all expenses they have, like phone calls and lawyer fees. Very first bid, No bidding at all Then they sit on it, One I tried to buy owed 82,000 bank bid and took possesion at 148,000. Then it sat 2 years until they listed it with a realtor. Needless to say there are many empty, foreclosed houses here. I think the bank carries the empty house on their asset list at the bid value--makes their paper work look good. BTW, if you win bid, you need cash or bank draft for full amount within an hour or so of sale.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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