I work in Ag Lending and I would agree that the original appraiser was an idiot, and that the people that agreed to the mortgage on that inflated value were idiots as well. If you know you can't afford a $2,500 per month mortgage payment, you shouldn't borrow the money regardless of what the bank is telling you. Then you really shouldn't go buy a huge new truck, 3 horses, a J.D. tractor twice the size of what you need, and a BMW SUV. There's enough blame to go around, but prudent individuals should have known better.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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