Spend the money and talk to a lawyer who specializes in real estate!
I'm with LJD on this one guys. I have yet to meet anyone who can claim that someone be it a bank or any other lending agency FORCED them to sign for a loan or mortgage. Sorry it just don't happen. People do make mistakes and then have to live and hopefully learn from them. Did the mortgage companies push people to buy? Yes! But the decision to buy was in the end the buyers. Did the mortgage companies in some cases lie? Sure they did. Did the buyer have to sign....NO. DID OUR POLITICAL LEADERS HAVE TO DERGULATED THE BANKING INDUSTRY LIKE THEY DID????? HECK NO, but the did for short term political gain. Reagan did some to try to get people spending money. Bush carried it a bit further for the same reason.........but slick Wille is the one who put the lid on the coffin and nailed it shut! That turned the lenders free and they went wild!
I know a couple, distant relations, who sold a resort and bought a farm. Not with the money from the resort sale, they blew that! Now they have lost the farm! And tried to get the family involved in saving it for them! It happens all the time. I see people all the time who have gotten themselves in way too deep with a home, 2 cars, 2 4 wheelers, 2 jetski and 2 snomobile payment plan. My own sis in law and her charming hubby took a 2nd mortgage on their home to finance a vacation with friends to Hawaii last year. What were they thinking????
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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