Tuesday, January 26, 2010

What do banks in Oklahoma repo?

The Bank of Beaver City owns a vacant lot right next to there location in Turpin, Oklahoma. What is the lot used for? For bank repossessions.

What do banks in the city repossess? Cars. Houses. Boats. Vacation houses.

What do banks in the country repossess?
Farm equipment. (Tractors, trucks, plows, combines and more.)

On machinefinder.com I learned a used 2007 John Deer combine goes for around $218,000.

As the cowboy put it, that is way more then the fancy sports cars people drive in the city.


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