Originally Posted by
Mike B
Thanks for all the advice, everything is coming together. From what m son told me that according to the person he talked to at AOPA said that they're seeing more and more of this. The loan companies are turning down loans for an engine that hasn't had and over haul in many, many years. I don't understand it because if something happened to the aircraft, the loan company would get their money.
The money he laid out actually went to an escrow company, and not the loan company, so he wasn't out anything.
He wound going with a company recommended by several people in a Bonanza group he's a member of and had zero problems.
Money is on it's way to the owner, and my son has enlisted a flight instructor to go with him to pick up the plane, and get him safely checked out in it.