Misfitmorgan's Journal - That Summer Dust

[Bruce]

Pardon my "French" but 1,800 bales is a crapload to move!

 

[CntryBoy777]

I even cross combed my Hair....just for ya!!....I gotta go to town, so I look like a cross of Alfalfa and PeeWee Herman, but ya are sure worth it..........

 

[misfitmorgan]

Pardon my "French" but 1,800 bales is a crapload to move!

Yes it is lol. It will take 3 hay wagons to move.

I even cross combed my Hair....just for ya!!....I gotta go to town, so I look like a cross of Alfalfa and PeeWee Herman, but ya are sure worth it..........

Haha thank you, maybe no one will notice

 

[babsbag]

I think we are all sitting on the edge here waiting for an update.

You would think that we were all buying this house; it's great to have friends in your corner, even cyber friends. Hope it is all good news from here out.

 

[Latestarter]

Not on much but wanted to catch up. Sure hope they're able to cross all the "t"s for you. Have you considered asking for permission to talk directly to the underwriter instead of dealing through middlemen? You'd be surprised the good that can do. This is a small loan so even though any (potential) loss is a loss, this isn't/wouldn't be a "huge" one. Most underwriters actually do use common sense and apply it. The problem is the minions who exist between you and them... they are so worried they'll mess something up (and be chastised by the underwriter) that they do everything possible to cover their six. It may be that it's the loan officer requiring these unreal things "just in case" so he can provide an "issue free" file to underwriting.

Not to be the bad guy here, but an explanation as to why they need side verification of sale value... I'm sure you've heard of folks selling cars to people and writing bills of sale for much less than the car was actually sold for... why? so the seller wouldn't have to pay such a high sales tax or registration fees based on the "value". Same happens with sales of real property between family members... appraised value for tax purposes is used rather than actual sales price for that reason. It's an "independent" verification of actual value based on other actual market transactions.

You are telling the bank that you sold the goods for such and such a price and are providing un-provable documentation to that effect... No matter what the paperwork "states", there is always the chance that you actually sold it for substantially less and the money you're claiming came from the sale actually came from elsewhere. Don't shoot the messenger...

The other issue here is that our government wants to know every financial aspect of every American. They want to know what you have and what you do with it. Even though it's none of their GD business. In the very near future, the use of actual cash money will become basically illegal and all transactions will need to be done electronically where they can be tracked and documented. Freedom(s) went completely out the window with passage of the patriot act (the final act of tyranny). We are no longer free and are actually at the beck and call of our elected (and above the law/bought and paid for) politicians/govt.

Since our monetary system is in fact a joke anyway, being forced on us by the "federal" reserve, which is in fact a privately owned and operated organization, a secondary economy will need to blossom and operate outside govt sight and control where "barter" is used and conducted using actual items of real value. In doing so, real freedom will once again be under attack by the overbearing, power hungry govt. If you participate in this secondary economy, you'll be subject to prison and fines of course.

 

[misfitmorgan]

Not on much but wanted to catch up. Sure hope they're able to cross all the "t"s for you. Have you considered asking for permission to talk directly to the underwriter instead of dealing through middlemen? You'd be surprised the good that can do. This is a small loan so even though any (potential) loss is a loss, this isn't/wouldn't be a "huge" one. Most underwriters actually do use common sense and apply it. The problem is the minions who exist between you and them... they are so worried they'll mess something up (and be chastised by the underwriter) that they do everything possible to cover their six. It may be that it's the loan officer requiring these unreal things "just in case" so he can provide an "issue free" file to underwriting.

You are telling the bank that you sold the goods for such and such a price and are providing un-provable documentation to that effect... No matter what the paperwork "states", there is always the chance that you actually sold it for substantially less and the money you're claiming came from the sale actually came from elsewhere. Don't shoot the messenger...

The other issue here is that our government wants to know every financial aspect of every American. They want to know what you have and what you do with it. Even though it's none of their GD business. In the very near future, the use of actual cash money will become basically illegal and all transactions will need to be done electronically where they can be tracked and documented. Freedom(s) went completely out the window with passage of the patriot act (the final act of tyranny). We are no longer free and are actually at the beck and call of our elected (and above the law/bought and paid for) politicians/govt.

Since our monetary system is in fact a joke anyway, being forced on us by the "federal" reserve, which is in fact a privately owned and operated organization, a secondary economy will need to blossom and operate outside govt sight and control where "barter" is used and conducted using actual items of real value. In doing so, real freedom will once again be under attack by the overbearing, power hungry govt. If you participate in this secondary economy, you'll be subject to prison and fines of course.

Long time no see Latestarter! hugss

I had not thought to ask if i could talk to the underwriter...good idea.

Well yes I could say I sold it for more then I sold it for if it was cash but this is a cashiers check directly from the buyers bank for the full amount and the full amount matches the reciept the buyer signed which matches the sale amount of 400 bales for $4/bale which is what the market report at the auction says hay is selling for atm...on the low end of the scale. I'm not sure how else I could make that sale more clear for them. There is no livestock/hay kelly bluebook or anything close to it.

Ag banks use livestock, hay,grain all the time for collateral for mortgages and loans so it must be do-able. The local farmer we know just used his cattle as collateral on a $375,000 tractor he bought.

As far as all the rest I know. We already barter/trade for stuff.

 

[misfitmorgan]

I think we are all sitting on the edge here waiting for an update.

You would think that we were all buying this house; it's great to have friends in your corner, even cyber friends. Hope it is all good news from here out.

Me to Babs me too.

I love having you guys all here rooting for me and letting me know I'm not just being overly frustrated.

 

[Bruce]

"overly frustrated" ????


Where is the emoji of @misfitmorgan going through the wringer on an old Maytag washing machine???

 

[misfitmorgan]

Loan officer said no word from the underwriter yet.....he said he thinks they are waiting for all the documentation I already gave them everything they asked for. Hopefully they are just talking about the lease paperwork.

 

[misfitmorgan]

"overly frustrated" ????


Where is the emoji of @misfitmorgan going through the wringer on an old Maytag washing machine???

We need that emoji lol.