Posted by noncompos on September 12, 2008 at 20:59:31 from (71.32.254.104):
In Reply to: Land Financing posted by uncle on September 12, 2008 at 14:10:10:
Even tho you may be nowhere near an area that was part of the housing bubble or builders/developers loans, the fallout from the bubble bursting has every banker puckering up, being conservative... If your state has a contract type of sale (seller taking a down payment and monthly payments, you get deed when all paid) be sure goes thru atty to protect you from local quirks... One problem here with contract sales was no executed deed placed in escrow (to be delivered/recorded when cont fully paid) and sellers mentally incompetent to make deed (Consrvatorship required) or died (all heirs must sign deeds, Probate may be required) etc etc. Or seller may deed, take back mortgage/TD for balance, for the interest, as with a contract.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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