[StBernard] SBA Requirement to Sell

[Westley Annis]

When I spoke to SBA last week, I asked the same question - the lady told me
that if you are unable to sell within 2 years, they are pretty lenient.  You
eventually HAVE to sell the property - they do not want people to hold on to
their property as an investment.

Angel

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> My Question is, if SBA requires you to sell your property in two 

> years...and it doesn't sell within two years, then what?

> We have been trying to sell my house on East St.

> Jean Baptist...the house is

> gutted at 2200 sq feet on a corner lot 150x100, 6 car driveway and a 

> built in pool...well we don't feel like it is worth a lot, but we feel 

> that fair price for it would be $75,000.00...we have received a lot of 

> phone calls but people want us to give it away at 10-20,000...I'm not 

> giving my property away. So what will SBA do if we don't sell it in 

> the time frame?

> Thanks Heather

>