menedum

has anyone else heard that Menedum in Joaquin has released their lease offers due to bank failure?Are there companies still willing to lease at this point?

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Permalink Reply by Barbara on October 13, 2008 at 7:40
The name of the company is M. L. Benedum. I just received word from them on Friday whereby they withdrew their offer to me for Desoto Parish property. They said their financier has requested them to halt all leasing until such time as the market stabilizes.
Permalink Reply by Ben Eagle on October 13, 2008 at 8:23
No bank failure involved, He was going to flip your acreage anyway and given that lease prices are falling he wouldn't be able to flip and make a profit. I heard from a reliable local source, this guy cold drafted people in Sabine Parish some months ago.
Permalink Reply by jg on October 13, 2008 at 8:26
Sorry, got the name wrong, it is Benedum, so they duped my 88 year old grandmother! What can we do, now she's upset that she may have missed her leasing opportunity.
Permalink Reply by Ben Eagle on October 13, 2008 at 8:45
JG, yes on the duped. I believe for whatever reason (waited to squeeze for the last dollar)? your grandmother has missed the train. It has left the station.

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