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Re: Repossed Farm Equipment
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Posted by Hard Knocks on January 22, 2007 at 03:43:42 from (71.2.160.70):
In Reply to: Re: Repossed Farm Equipment posted by Michael Soldan on January 21, 2007 at 17:56:34:
So what is a bank supposed to do just let everyone not pay their loan that can't make payments? A bank or any lender has an obligation to recoup a much of their money from deadbeat lenders as they can so they can be there to help their paying customers/depositers and shareholders.If I lend you money I expect to be repaid or if I borrow I expect to pay the loan back.As far as repo equipment just check it out like you would any other piece of used equipment.
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Ford Super Dexta - by Anthony West. The rusty blue tractor caught my eye as my truck zipped by the farm implement business. It looked so fornlorn amongst the lineup of newer equipment. But it was just the right size for my small farm. I stopped in and asked the proprietor for further information. "It's a 64 Ford Super Dexta", he said. "It's a tough little tractor, although it's a hard starter being a diesel and all." He did manage to get it running, compliments of a can of ether. Once started it putted along pretty good. It
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