20 Miles West of Indianapolis Indiana | This is why I HATE the USDA type farm loans. I looked into using one and asked how it would work for an auction. They told me they couldn’t guarantee paperwork/approval dime in time after purchase and time of closing. They also said I couldn’t get a bridge type loan because then that would be refinancing and they can’t be used for that. So I asked how I do this not on private sale with someone who is “understanding”. They said I’d have to get someone to buy it for me and seem it back to be after approval. Sounds like a rich get richer scheme or a way to transfer to the next generation type deal rather than a real tool to help someone start out on their own. |
Rewarding poor business
