Free Land?
There is a way -- but --
Copyright © 2000 by
Lin Stone
This concept takes nerve, poise, and uh, luck, but it has worked before, and it can work again if you can keep your head when all about you are losing theirs and blaming everyone on earth but themselves.
| Our story starts with a man who borrowed money on a farm business enterprise, then decided he would rather retire. His 115 acre farm with a farm house, and a barn, eventually went through foreclosure. Years passed with no one expressing any interest in acquiring the property -- no, not even at a 50% discount off what was owed against it. Finally there came along a man with nerve, poise, and uh, luck. He went in personally to see the director of the Fannie Mae loans in Dallas. "You know, I've checked this property out and the state wants $30,000 in back taxes on this place." Jim nodded. "Yeah." "You know, with that kind of back taxes owed on the property the most you can ever really hope for is to give this property away. If you gave the property to me you'd get it off the books, and I could begin paying taxes on the money I make." Jim nodded. "Yeah. By golly. Yes. Let's get the paperwork drawn up and get this mess off my hands. It shouldn't take more than 30 days to get it sorted out!" |
 You CAN be a Property Owner for forty bucks or LESS! That's RIGHT, $40! I'm not exaggerating one bit. This is a real possibility. You can buy property real enough to get out there and walk on it, stomp on it, throw a party, and even show it off to your friends. It is TRUE! Cheap Land IS Still Available, All The Way Across The United States! The prices for land at these tax sales are so low as to almost be giving it away. Don't miss out. Click HERE right now for more information. |
| Straight from that office our hero went to the tax authority holding the bill on the property. "You know, Fannie Mae is wanting $75,000 for that property. Nobody around here has that kind of money. On top of that, here you are holding a $30,000 tax lien on the property. You add those two figures together and that is just too much going against it. You'll be left holding the bag for years." The tax director nodded mournfully. "You're right about that. But I have never come up with a cure for that problem. What do you suggest?" "Well, if you will find a way to wipe the slate clean on back taxes I'll put that property to work and keep the taxes current from now on." The tax director nodded thoughtfully. She checked some figures -- and smiled. "Yeah, this shouldn't take more than a month to settle. I'll draw up the paperwork." |
 There are new work at home programs coming out almost every day, and I specialize in being the first one to discover the ones that cost little or nothing to launch but still have immense possibilities. Let me do the prospecting for you and share all the gold I find with you in a free newsletter known as The HomePreneurs Post. Click HERE and Get in on the action. |
*
| So that evening our hero smugly came home with 115 acres of free land, and no taxes in his pocket. "I feel like celebrating," he told his wife. "Let's go out to McDonald's and have dinner." | Become a home business professional. Begin earning the kind of money you want. This Complete system gets you started fast. Free branding tool for those HomePreneurs who want to use the book as a sign-up freebie or bonus package for your other purchases.. |
You might say that could never happen in real life, but it did. You might think
it could never happen for you, and you would be 100% right if you expect this
kind of plum to come sliding down the branch fully ripe into your hands. No sir.
It ain't going to happen. You can forget it.
On the other hand, if you are the kind of person with an eye open for glory, you
can go a long ways towards making it happen for you.
"What Can I Do To Make It Happen?
#1, you can look on the tax rolls for properties that are there the second, third and fourth time without having sold.
#2, you can make a physical inspection of the property to make sure there are not any hidden faults in the property.
#3, you can research the title to see how many liens are held against it, if any. If HUD, FDIC, Fannie Mae, or Freddie Mac are the lien holders you can go try to be a hero.
#4, if the property is worth it, be willing to negotiate, and always -- let me repeat that, ALWAYS -- start out below 50% of the sum owed against it. Why? Because after a certain period of time all banks and other real estate lenders automatically discount the loan figure by 50% and hand it over to a collection agency or department. And if your property has gone a year or so beyond that time then the lender may very well be willing for you to get the property for 75% off what is owed against it.
Here's one last negotiating tip, to give yourself time and room to negotiate when
money IS involved, state the premise that you will have some money coming in
within 60 days. If you get that price down to where you can walk on air as
exhilaration pumps through your veins, then go get a loan on the property.
the end
Bio:
Lin Stone is an author, writer, photographer. His first book,
HOW TO BUY LAND AT TAX SALES was published by Truman Publishing in
1997 and is still selling in its original hard copy version. The book is also available in
electronic format as a newly rewritten and updated source.
More Bargains from Tale Wins
Your Real Estate Library:
How To Buy Land At Tax Sales
* Make A Fortune, without investing money * Free Land? *
Foreclosures Made Easy *
30,000 foreclosure listings * Is There
ANY free desert land left? * The No Money
Down TRAP! * Be Your Own
Banker * Make Sellers Beg You To Take Their Property! *
Bargains from the Bureau of Land Management
* Credit Repair *
Search for Cheap Homes in Your Area *
Grab Your Own Domain Name *
Do Better Drive By Inspections *
Real Estate Help * Real
Estate Tools * Real Estate Gurus Ahead
* The Money Train Principle *
Build Your Own Web Site *
Tax Property Agencies *
Real Estate Demographics *
Cover Yourself With a Lease Agreement *
Interest Only Mortgages *
SUBJECT TO Real Estate Deals Explained *
Short Sales Negotiations Explained *
Basics of Real Estate Investing * Explore EVERYTHING that
Tale Wins has to offer *