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Yellowstone Club Financing Settled (For Now) Dec. 12, 2008, New West Development website; Trustee Says Blixseth 'Doomed' Yellowstone Club Wall Street Journal - Bankruptcy Beat, Feb. 24, 2010, Developer seeks judge's ouster in Yellowstone Club bankruptcy case Nov. 22, 2010, Billings Gazette
Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don’t qualify for a ...
For example, if a buyer pays a $2,000 down payment and borrows $8,000 for a $10,000 parcel of land, and pays off in installments another $4,000 of this loan (not including interest), the buyer has $6,000 of equity in the land (which is 60% of the equitable title), but the seller holds legal title to the land as recorded in documentation in a ...
Seller financing contracts are subject to fewer consumer protections than mortgage loans in most states. While seller financing can provide a unique way for people with low credit scores to obtain a path to home ownership, they are considered predatory by groups such as the Center for American Progress. In addition, some investment firms have ...
Land trusts also sell land to private buyers, usually with a strict conservation easement attached. Land trusts use many different tools in their protection efforts. Land trusts buy or accept donations of land in fee. This means that the landowner will sell fee simple interest to the land trust or will just give the land they own to an ...
The Montana Land Reliance (MLR) is a nonprofit land trust established to acquire and manage conservation easements in the State of Montana. [1] Headquartered in Helena, Montana, the organization holds 897 easements on 1,137,062 acres of private property across the state. It is the largest land trust in the State of Montana, the largest state ...