I googled Lee's name this afternoon (after doing mine and finding muy poquito to be excited about) and found the following. It's a form online for FSA, but it makes Lee sound so important (which he IS).
Farm Service Agency
Washington, DC 20250
5-FLP
For: State and County Offices
Administrative, Chattel, Real Estate, and Property Management Costs for
the Debt and Loan Restructuring System (DALR$)
Approved by: Deputy Administrator, Farm Loan Programs
1 Overview
A Background
To determine eligibility for write-down, FSA must:
• determine the net recovery value of the security and other property by accounting for
involuntary liquidation costs
• compare the net recovery value of the security and other property with the net present
value of the restructured loan.
B Purpose
This notice provides:
• administrative liquidation costs for each loan type
• guidance for determining chattel and real estate costs
• a worksheet for determining property management costs (Exhibit 1).
C Contact
If there are any questions about this notice, State Offices shall contact Lee Nault by either of
the following:
• e-mail at lee.nault@wdc.usda.gov
• telephone at 202-720-6834.
I like the fact that all STATE offices have to call my husband for answers to their questions. I am married to such a stud. :)
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