[StBernard] SBA Requirement to Sell
Westley Annis
westley at da-parish.com
Wed Jun 21 23:30:22 EDT 2006
Ok, now that we have everyone saying SBA will "require" the flooded property
to be sold in two years, anyone know what the penalty is for not doing so?
Even if they say they will "let it slide", "they" may not be working for SBA
in two years. Where are the teeth in this requirement? When you do sell,
is there a "minimum" price or other restrictions? Can anyone send the full
sections of their loan papers that specifys this?
Thanks,
Westley
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