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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 ...
When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." [ 1 ] Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.
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 ...
The main focus of the survey was to identify patterns within land ownership, specifically absentee owners and the effects on regional development in the areas. [2] It is mandatory for agricultural land owners in the United States to participate in these surveys to account for their production, financing and inputs within each state.
Elmendorf Farm is a Kentucky Thoroughbred horse farm in Fayette County, Kentucky, involved with horse racing since the 19th century. Once the North Elkhorn Farm, many owners and tenants have occupied the area, even during the American Civil War. Most of the land acquired during Haggin's era has since been sold off to neighboring stud farms, but ...
A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.
Lane's End Farm is a Thoroughbred horse breeding farm in Versailles, Kentucky established in 1979. The original land was part of Bosque Bonita Farm and was originally owned by Abraham Buford, a Confederate Army general. The land was later bought by horseman John H. Morris.
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