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Economy has screwed my lease


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We got a phone call today from the Real Estate company that "had" owned our hunting property and informed us that due to the bad ecnonomy that their bank had taken control of all of their properties and that they had notified the bank of our lease and said we were good leasees and that we kept a good watch over the place. I will bet that the bank don't care unless we are looking to buy it. It was on the market for 20 some million. 2,000 acres lakefront on South Holston. oh well, we were looking for a lease when we found that one. Good leases are getting harder and harder to find these days.

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It's doubtful the banks will honor the lease becuase they will be afraid of being sued if anyone got hurt on the property. Now if the bank does put an insurance policy on the land they might continue to lease the land but you can bet the lease price might go up some. Hope things work out for you. :thumbsup2::thumbsup2:

Edited by softbaitmaker
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