Baymule
Herd Master
Look at it this way, move the smoker/BBQ pit first, along with a thawed out goat. Appoint a "cooker" and when the moving is done, everybody gets a BBQ sandwich!
Misfitmorgan's Journal - That Summer Dust
- Thread starter misfitmorgan
- Start date
- Thread starter
- #672
misfitmorgan
Herd Master
I've never had tough goat so i think it might have just been the one you had.
Thats not a bad idea Bay, only problem is most of the people helping wouldn't eat goat lol. Most of them don't even eat lamb. I don't understand it because these same people will go to a restaurant and order lamb to pay $18/lb or something insane and you offer them some lamb and they are or no i dont really like lamb. People can be so odd. On the goat people seem oddly against eating goats locally. I dont really get it, they eat any other meat including wild game.
So my loan agent emailed me yesterday. I provided cashier's checks and recipets for the monies. IT was for sale of hay and livestock. So last night i get an email asking me if i know of any sites specifically showing prices for hay and livestock....like kelly bluebook they use for cars
I gave them a link to an auction market report thats local. So now they want me to take that money that i have cashiers checks and receipts for and put it into a no penalty CD...for 18 days and then withdrawal it to pay the closing costs. Yes ok fine i can do that but how am i suppose to go this weekend and pay my car lease if i have to put the money into a CD? They are being so completely ridiculous.
They are also apparently concerned I will try to extend, renew, or get a new lease that I now have to provide an additional letter from the finance company saying yes I do own the car free and clear. I will own two vehicles outright when the lease is paid off, why on earth would i want to go lease a 3rd?
It's starting to feel like they are just trying to find every reason possible to not give me the loan.
Thats not a bad idea Bay, only problem is most of the people helping wouldn't eat goat lol. Most of them don't even eat lamb. I don't understand it because these same people will go to a restaurant and order lamb to pay $18/lb or something insane and you offer them some lamb and they are or no i dont really like lamb. People can be so odd. On the goat people seem oddly against eating goats locally. I dont really get it, they eat any other meat including wild game.
So my loan agent emailed me yesterday. I provided cashier's checks and recipets for the monies. IT was for sale of hay and livestock. So last night i get an email asking me if i know of any sites specifically showing prices for hay and livestock....like kelly bluebook they use for cars
I gave them a link to an auction market report thats local. So now they want me to take that money that i have cashiers checks and receipts for and put it into a no penalty CD...for 18 days and then withdrawal it to pay the closing costs. Yes ok fine i can do that but how am i suppose to go this weekend and pay my car lease if i have to put the money into a CD? They are being so completely ridiculous.
They are also apparently concerned I will try to extend, renew, or get a new lease that I now have to provide an additional letter from the finance company saying yes I do own the car free and clear. I will own two vehicles outright when the lease is paid off, why on earth would i want to go lease a 3rd?
It's starting to feel like they are just trying to find every reason possible to not give me the loan.
CntryBoy777
Herd Master
It sounds like they are just lining up the "Hoops" for ya to jump thru on ya, to make sure you are serious about the loan. Just always be sure to read the Fine print, because some will wear ya down to the point that ya just sign, sign, sign to get it over with and there will be something overlooked. Then later on when ya realuze it, it will be said, ya should've read the Fine print. Hang in there and it will all work out for ya.
- Thread starter
- #674
misfitmorgan
Herd Master
I have read all the loan papers so far. I have looked for important things like, no balloon payments, reasonable APR, no super high insurance costs, no penalty for early payoff, etc. So far so good.
There seem to be a lot of hoops and really ridiculous ones....like proving that the almost 4k for the car lease is to pay it off and not to re-new it.
He also mentioned i would have to get all gift funds if we couldnt find a worth for the hay/livestock or do the CD. Here I am thinking, oh yeah sure why not...my family is rich didnt i mention. I mean i have almost 8k over here in my bank account but why would i want to use that.
There seem to be a lot of hoops and really ridiculous ones....like proving that the almost 4k for the car lease is to pay it off and not to re-new it.
He also mentioned i would have to get all gift funds if we couldnt find a worth for the hay/livestock or do the CD. Here I am thinking, oh yeah sure why not...my family is rich didnt i mention. I mean i have almost 8k over here in my bank account but why would i want to use that.
Mike CHS
Herd Master
I'm sure they have some reasons they consider valid but it sure looks like they are intentionally making it harder than they have to. When we bought our place they had a whole list of things they wanted to see. I told them to pack it since we were paying cash and they had no reason to see anything other than a Cashiers check.
- Thread starter
- #676
misfitmorgan
Herd Master
Originally they told me all money had to be from a verified source. I specifically asked them if sale of hay and livestock with a cashiers check and a receipt would be a verified source and i was told yes that would be fine and acceptable. Now they want me to somehow prove the value of hay and livestock for them. It doesnt even make any sense, obviously the value is what you can sell something for. If you sold a car for 5k and KBB said it was only worth 4k they would not be emailing m asking for someplace to prove it was worth 5k. If you sold it for 5k obviously someone thought it was worth 5k.
Bruce
Herd Master
It would make sense ONLY if you were claiming you had X amount of hay and X animals with "these" attributes that you were using as collateral or WOULD be selling before closing and CLAIMING they were worth $XX. Maybe you needed to take a selfie of you handing off the hay and animals to the buyers and them handing you the money.
Hang in there @misfitmorgan the end IS in sight!
babsbag
Herd Master
You have more patience than I do. When I had a bank yank my chain I found another bank. And since the one that was jerking me around already held the loan on my house they lost much more than just a refi. Too bad have to deal with idiots, it can wear on you.
- Thread starter
- #679
misfitmorgan
Herd Master
It would make sense ONLY if you were claiming you had X amount of hay and X animals with "these" attributes that you were using as collateral or WOULD be selling before closing and CLAIMING they were worth $XX. Maybe you needed to take a selfie of you handing off the hay and animals to the buyers and them handing you the money.
Hang in there @misfitmorgan the end IS in sight!
The problem is i sold some hay and a few of our pigs and a brush hog to help cover the cost of the lease they want me to pay off, now they want me to prove what i sold was worth what i sold even though i gave them a copy of the cashiers check and a receipt the customer signed, for the hay. I havnt put the pig money or brush hog money in the bank yet.
I would go to another bank but now the closing is scheduled for 19 days from now and I am positive the loan process would go over the closing date which means i have to pay $50 each day it goes over, so if it goes over 10 days i have to pay another $500 to the seller directly.
I have emailed him and asked if an itemized receipt would fix the issue so far no response back. I also dont know if i am still suppose to go pay the car lease satuday or not because the hay sale money is for paying the lease. I was going to put the brush hog and pig money in today but now i dont know if i should because i dunno what they are gonna want for "proof of value".
It is definately wearing on me. DH and I have been having being pretty cranky to each other and short with the dogs and other livestock. My mother and nieces have come to visit twice and it just adds to the stress.
babsbag
Herd Master
An item is worth what you sold it for if that is what you were paid. That is the basics of economics...maybe they need to go back to school. What does the value matter as long as you have the money?
