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Sat and bankers values
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Justin ArkMo
Posted 10/19/2016 21:42 (#5590527 - in reply to #5590227)
Subject: RE: I'm a banker...


The Delta
Pk is spot on.

However if the bank says 40k, you pay 50k you are liable for the difference in loan value and purchase price, plus 20% down.

Banks are scared of farm machinery currently, as it devalues like a hermit crab, but is necessary to produce crops timely in most cases.
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