Comments on: Special Land Loans To Consider http://www.bestlandloans.com/special-land-loans-to-consider/ Your one stop source for the best land loans Mon, 21 Nov 2011 15:21:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dave Jones http://www.bestlandloans.com/special-land-loans-to-consider/#comment-22569 Dave Jones Wed, 12 Oct 2011 17:48:56 +0000 http://www.bestlandloans.com/?p=83#comment-22569 Tony, I would strongly recommend that you try to apply for an actual mortgage in this case. Due to the fact that there is a farm house on the land, you should be able to get approved. You could try and find an independent broker to handle the loan and then inform the realtor to proceed with negotiations. The realtor (under normal circumstances) can not enforce the type of loan, and he/she should be very happy to sell their property. I've said it before, but I will say it again. I am trying to gather some good companies/lenders so that I can refer you to them. It really hurts me that people are having such a hard time finding good and honest lenders these days, so I am hoping to have this up and running within a week or two from now. Good luck and let me know how it went! Tony,

I would strongly recommend that you try to apply for an actual mortgage in this case. Due to the fact that there is a farm house on the land, you should be able to get approved. You could try and find an independent broker to handle the loan and then inform the realtor to proceed with negotiations. The realtor (under normal circumstances) can not enforce the type of loan, and he/she should be very happy to sell their property.

I’ve said it before, but I will say it again. I am trying to gather some good companies/lenders so that I can refer you to them. It really hurts me that people are having such a hard time finding good and honest lenders these days, so I am hoping to have this up and running within a week or two from now.

Good luck and let me know how it went!

]]> By: tony http://www.bestlandloans.com/special-land-loans-to-consider/#comment-22264 tony Fri, 07 Oct 2011 00:46:28 +0000 http://www.bestlandloans.com/?p=83#comment-22264 there's an old farm house on an acre of land i see everyday on my way to work that is now for sale...i called the realtor and was told the house is uninhabitable (no heat, poor electric, but has water/septic) the realtor says because the house is uninhabitable they are selling the lot/house as a land loan. i have excellent credit (785), not much to use as a down payment but still can't qualify for the land loan. what are my alternatives other than waiting 4-6 months to come up with a better down payment? the realtor and broker we were talking to about loans said they could easily get me a loan for a much more expensive house. Is there a way to do a minimal improvement construction loan/land purchase in one loan from the bank so that the house is livable and the bank is happy they have collateral? my wife and i have no plans to move in immediately as it will be a very extensive remodel. there’s an old farm house on an acre of land i see everyday on my way to work that is now for sale…i called the realtor and was told the house is uninhabitable (no heat, poor electric, but has water/septic) the realtor says because the house is uninhabitable they are selling the lot/house as a land loan. i have excellent credit (785), not much to use as a down payment but still can’t qualify for the land loan. what are my alternatives other than waiting 4-6 months to come up with a better down payment? the realtor and broker we were talking to about loans said they could easily get me a loan for a much more expensive house.

Is there a way to do a minimal improvement construction loan/land purchase in one loan from the bank so that the house is livable and the bank is happy they have collateral? my wife and i have no plans to move in immediately as it will be a very extensive remodel.

]]> By: What Is The Difference Between Mortgage Loans And Land Loans? | Best Land Loans http://www.bestlandloans.com/special-land-loans-to-consider/#comment-16770 What Is The Difference Between Mortgage Loans And Land Loans? | Best Land Loans Fri, 17 Jun 2011 21:16:45 +0000 http://www.bestlandloans.com/?p=83#comment-16770 [...] is any construction on the land.  Mortgage loans are for properties that have been developed while land loans provide funds to purchase the land for future [...] [...] is any construction on the land.  Mortgage loans are for properties that have been developed while land loans provide funds to purchase the land for future [...]

]]> By: Dave Jones http://www.bestlandloans.com/special-land-loans-to-consider/#comment-10497 Dave Jones Mon, 21 Feb 2011 20:50:10 +0000 http://www.bestlandloans.com/?p=83#comment-10497 This is not really a related question, and I am not familiar with the laws in Ontario. Wish you best of luck though! This is not really a related question, and I am not familiar with the laws in Ontario. Wish you best of luck though!

]]> By: Estate Planning Questionnaire http://www.bestlandloans.com/special-land-loans-to-consider/#comment-10245 Estate Planning Questionnaire Fri, 18 Feb 2011 00:22:06 +0000 http://www.bestlandloans.com/?p=83#comment-10245 I have a joint account with my parents for estate planning services, now I am seceding from my husband? I reside in Ontario. I want to ask a separation. Will he get any of those joint funds? what can I do to ensure that he doesn't? I have a joint account with my parents for estate planning services, now I am seceding from my husband? I reside in Ontario. I want to ask a separation. Will he get any of those joint funds? what can I do to ensure that he doesn’t?

]]> By: Emily http://www.bestlandloans.com/special-land-loans-to-consider/#comment-665 Emily Tue, 01 Jun 2010 09:04:44 +0000 http://www.bestlandloans.com/?p=83#comment-665 [...] You’ve seen the parcel of land every day for years as you drive to and from work. Now it’s for sale, and you know that you can put it to good use. Maybe the parcel of land will make a great location for your dream house. Maybe it’ll be the perfect site for your new business venture. Maybe you just want to purchase the land so that no one else will build anything on it. Whatever your reasons for wanting this plot of land, the odds are good that you’ll need a land loan to buy it. So, what’s so special about land loans? [...] [...] You’ve seen the parcel of land every day for years as you drive to and from work. Now it’s for sale, and you know that you can put it to good use. Maybe the parcel of land will make a great location for your dream house. Maybe it’ll be the perfect site for your new business venture. Maybe you just want to purchase the land so that no one else will build anything on it. Whatever your reasons for wanting this plot of land, the odds are good that you’ll need a land loan to buy it. So, what’s so special about land loans? [...]

]]> By: How To Get Approved For Land Loans | Best Land Loans http://www.bestlandloans.com/special-land-loans-to-consider/#comment-172 How To Get Approved For Land Loans | Best Land Loans Fri, 04 Dec 2009 23:08:13 +0000 http://www.bestlandloans.com/?p=83#comment-172 [...] You’ve seen the parcel of land every day for years as you drive to and from work. Now it’s for sale, and you know that you can put it to good use. Maybe the parcel of land will make a great location for your dream house. Maybe it’ll be the perfect site for your new business venture. Maybe you just want to purchase the land so that no one else will build anything on it. Whatever your reasons for wanting this plot of land, the odds are good that you’ll need a land loan to buy it. So, what’s so special about land loans? [...] [...] You’ve seen the parcel of land every day for years as you drive to and from work. Now it’s for sale, and you know that you can put it to good use. Maybe the parcel of land will make a great location for your dream house. Maybe it’ll be the perfect site for your new business venture. Maybe you just want to purchase the land so that no one else will build anything on it. Whatever your reasons for wanting this plot of land, the odds are good that you’ll need a land loan to buy it. So, what’s so special about land loans? [...]

]]> By: Farm Loans – A Different Type Of Land Loans | Best Land Loans http://www.bestlandloans.com/special-land-loans-to-consider/#comment-169 Farm Loans – A Different Type Of Land Loans | Best Land Loans Sun, 22 Nov 2009 01:43:05 +0000 http://www.bestlandloans.com/?p=83#comment-169 [...] you have other plans for your farm land, then you shouldn’t even bother to apply for governmental land loans – you will most likely get denied almost instantly. Of course, you can always get loans for land [...] [...] you have other plans for your farm land, then you shouldn’t even bother to apply for governmental land loans – you will most likely get denied almost instantly. Of course, you can always get loans for land [...]

]]> By: Eileen http://www.bestlandloans.com/special-land-loans-to-consider/#comment-127 Eileen Wed, 30 Sep 2009 05:43:01 +0000 http://www.bestlandloans.com/?p=83#comment-127 I am looking for a serious investor(s) for a land loan for a future vineyard estate on 125 acres in Sonoma County. Loan amount up to $1,000,000. Owner will pay up to 12.5% interest, and 3 points to investor. Have complete package with Value Point/Appraisal for $2,050,000, with financials, credit info, etc. available for quick close. Owner has excellent exit strategy plan. I am looking for a serious investor(s) for a land loan for a future vineyard estate on 125 acres in Sonoma County. Loan amount up to $1,000,000. Owner will pay up to 12.5% interest, and 3 points to investor. Have complete package with Value Point/Appraisal for $2,050,000, with financials, credit info, etc. available for quick close. Owner has excellent exit strategy plan.

]]> By: Seth Hollman http://www.bestlandloans.com/special-land-loans-to-consider/#comment-82 Seth Hollman Tue, 25 Aug 2009 01:16:40 +0000 http://www.bestlandloans.com/?p=83#comment-82 Thank you Jerry! That was indeed a great article. I have added Best Land Loans on reader so that I will be able to see your next post as soon as you make it. I am actually a private investor and due to my line of business I have to deal with many land loan applications for me and my clients almost on a daily basis. Your site has really helped me evaluate the several options available in the financial market and I have managed to save a lot of money through some of the tips I found here. Will be checking back often! Seth Hollman Thank you Jerry! That was indeed a great article. I have added Best Land Loans on reader so that I will be able to see your next post as soon as you make it.

I am actually a private investor and due to my line of business I have to deal with many land loan applications for me and my clients almost on a daily basis. Your site has really helped me evaluate the several options available in the financial market and I have managed to save a lot of money through some of the tips I found here.

Will be checking back often!

Seth Hollman

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