Tuesday, May 20, 2008

Mineral farm land money

in yesterdays mail I received confirmation from the bank that the lease will be paid out to me by June 25th. I had to send in the endorsed bank draft, then they submit it for payment from the company leasing our land, who has 30 (banking) days to pay. So, I was excited to see that all the paperwork had been taken care of and that I should be receiving my $2250 by late June. Yeah! Just in time to make my 2nd $2100 payment to my parents. Oh well, at least I won't have to take the money out of my savings to make the payment to them. That will make it easier.

Has anyone else ever dealt with bank drafts like this before? The whole thing is new to me and I'm somewhat concerned about how they work.....

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