QR Code Link to This Post
Lake Shore… Zero-down payment
Below you will find the information you asked me to put together.
LOCATION: wirt, MN............
ADDRESS: located off hwy 26 and wheeler road.
LOT SIZE: 297 wide x 544 long – 2.32 Acres – 297 water frontage
Asking price ........................... $124,900
Down payment ........................ $ ZERO
Contract price........$124,900 at 10 % interest with monthly payments of $1,096.09
Payments of $1,096.09 for the duration of the contract ( 30 years ) or until paid in full. No balloon payment or early pay off penalty to you.
You will not find terms like this anywhere in today's real estate market!
With today's tight banking regulations banks do not like loaning money on vacant land, and if you can find one that will. They will want you to qualify and put at least 50% to 70% or more down. They will also require a higher interest rate and a balloon payment with in the first 3 to 5 years ( each bank is different ) You will not find the terms I have listed here in any bank. This is a rare opportunity for you to own a nice piece of property with easy terms.
If you request your First payment will start 90 days from the date of closing.
No Balloon Payment
No early pay off penalties
No closing cost to you
Seller pays all closing costs
Seller will have all property taxes paid and current at time of closing. Buyer will be responsible for all property taxes from the date of closing.
Property taxes are Only $700.00 annually.
Should you find this proposal acceptable I would like a non-refundable earnest money check of $3,288.27 to get started on the paperwork. This $3,288.27 will be credited to your first 3 monthly payments. I need this in advance so I do not get stuck with any closing costs should you back out of this transaction. I hope you understand.
We could close as early as 2 to 4 weeks depending on the title work.
Contract will be set up with a $50.00 late fee should payment be 10 or more days late.
Parcel number is # 21-460-0150
If you go to the court house or call them with this parcel number they can give you a print out and an Arial of the property.
All payments should be sent to:
P.O. Box 334 Bigfork MN 56628
If you have any question or concerns at all please feel free to contact me.
show contact info