Posted by JF in CT on July 25, 2013 at 02:54:51 from (71.88.46.81):
In Reply to: OT Rant. posted by LOU from Wi. on July 24, 2013 at 23:48:39:
Actually sometimes it works out against the bank like it did with my neighbors. They got a reverse mortgage just before the real estate bubble burst. $300k for a house that is now worth less than half that. They lived long enough to run the entire amount out (high monthly payments?). Now the bank owns a house that cost them twice what it is worth and can't do anything with it. It went to auction and didn't sell. They aren't paying the taxes on it and can't figure out how to recoup the massive loss.
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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