More Bad News

The bank is also apparently fussy about the size of the land. Specifically that the land is large enough that we could feasibly subdivide it. I’m really shaking my head over this. The loan program we are going with is a “Rural Development” loan, but apparently as long as the land is not too rural.

There is some legal finagling to make the bank happy, but this all means that we have to resubmit everything once again and wait another 3 to 4 weeks to hear something back.

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