Monday, March 30, 2009

Will a bank loan money on land that I own no house has been built its just land?

Any real property, whether developed or not, is collateral. So, yes, a bank will loan you money using your land as collateral. How much the bank will lend you depends on what your property is worth and how much you still owe on it.


of course. anything that has value is collateral for a loan

If it is an agricultural land,you will have to contact agricultural finance.If it was turned for commercial use than you can use as equity.

they should as long as it has positive equity in it.

I think it will be tough...banks need something to repossess and to unload quickly as collateral. Unless you plan to build, I doubt you'll get it.

Most banks will not go anywhere near raw land. You need a good construction plan, good income, good credit, and some cash. If you have all these they still might say no. In that case, any mortgage broker will be able to find someone who will lend on the property, it just might be at a higher rate than a bank.

Whether or not a bank will loan money on land you own will depend on what the total loan-to-value (LTV) ratio will be. In my experience, banks want a lower LTV ratio on raw land, like 75% is a number that is typical. So for example if the land is worth $100,000, a bank considering lending on it (and using the 75% LTV ratio) would not want the total loan(s) to be more than $75,000.

You didn't say whether or not there is already a loan on it or if you own it outright. However, say you already have a loan on it, and the LTV is 80%, but you want to build a shop on it. If you ask the same bank that holds your present mortgage, chances are they would say yes. If you just want to take the money and spend it elsewhere, then your chances of them saying yes are lower.

Can anyone in occupation of land charged to bank claim adverse?

possession


Without knowing where you are the best that I can tell you is that the length of time required for adverse possession in title varies - it could be as short as a few years or could run for twenty years or more.

Typically public entities must establish a longer period of possession than individuals.

Some states have adopted a rule which requires the adverse possessor to pay taxes each year on the land.

The possession must be open for all to see.

The possession must be exclusive to him or her (e.g., the fence in the above example, a driveway, road, etc.)

The possession must be hostile to the actual owner of the land and the owner must not have done anything to show that he does not approve.

in victoria australia, if a person has been in occupation of land for 15 years continuously and the legal owner (which would be the bank) did nothing to claim that land or act in any way to indicate they owned the land then the person in possession can make a claim to be declared the legal owner

Sunday, March 29, 2009

In today's real estate market are the banks land rich and cash poor?

I have heard horrensous stories about how many forclosures there are and i know myself by the house values and purchasing prices differing so much, that it is a buyers market. It seems like we are in a depression?


As the previous poster noted, LTV may mean nothing down the rouad since so many properties may not hold value if the market goes south. That is a concern facing banks and the anticipate 3 in 10 of properties going into foreclosure. Banks that will fair better are those that offered largely conventional products. Even if LTV means squat, the borrower in the property may still able to service the current debt. Some banks might offer borrowers an opprtunity to pay down the debt to a more conforming LTV in exchange for a discounted rate. But for non conforming lenders who offered primarily creative type deals, will be hit pretty hard....

To mitiagte losses from R/E, many banks are re-aligning their portfolios.

There is a definite increase on the inventory side for many but a recession? I don't think so. There are nowhere near the same inventory levels there were in the last down market of the early 90's in which home builder inventories hammered resale values.

Instead, this time we have pullback on resale values. I would consider it normal pullback for the run we had. In southern California homes more than doubled in a 4 year time span in south Orange County. A home that cost $400,000 in 1999 appraised for $1,100,000 in 2005! Now thats a HUGE jump. These same homes have pulled back to about $800K...you might say OUCH...thats a big pull back...are we in a recession? Too many other economic fators that lend to that conclusion. This guy still saw his home double in 5 years.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

First, very few banks hold on to the majority of loans they originate. Most residential loans are sold to the secondary market. The secondary market is made up of large investment companies that buy pools of loans that conform to Fannie Mae standards. They pay the banks and mortgage brokers a fee to take over the servicing rights to their loans. So, in answer to your question, no, banks are not land rich and cash poor. Even though foreclosure rates have risen, they are still not in a danger zone. We are not in a depression. Employment rates are high, interest rates are low, the economy is growing at a controlled rate. Real Estate values are being corrected in some locales due to hyper activity that pushed sale prices above real values. If you bought at the end of this market, you'll just have to be patient and wait until wages catch up with values. It will happen, it always does.

I keep Getting Bank notices from the Mortgage Company Addressed to my Land Lord.....?

The Bank keeps sending people out to the house that Iam renting saying the Land Lord is Past Due on Payments this is an every other day occurrence..I called the Land Lord and he said that he just stopped paying a while so that they will renegotiate the contract.. My question is will my family and I get kicked into the street because my Land lord is playing games with the Bank? He keeps saying nothing is wrong and don't worry about it... What would you do and how do it should I go look for a different place to live even though Iam under contract? thanks helppppppp!!!!!!!!!!!!


I would just be prepared to find some where else to live. You get 60 days notice to move...

Personally I would stop paying rent and when he calls you- tell him you want to renegotiate your contract with him... LOL

I don't know where you live, but a lot of times here in Las Vegas, if the owner isn't paying on the house and it's goes into foreclosure, you can negotiate a "cash for keys" with the bank...usually through the agent they are using to put the house on the market. They'll give you a date you need to be out and if you do that and have the house clean - not spotless, but where they don't have to pay a lot of extra money for a service to come in and take care of it - you can get $1,000 - $2,000. Keep paying your rent though - and keep your receipts.

It sounds like he is trying to get the loan modified. He will not have a lot of luck with it being an investment property and not his residence though.

You likely have another 4 months before you would need to move out. The bank will let you know when they own it, you have 30 days after that.

If the bank forecloses, you will get evicted. You may want to start cleaning out closets in anticipation of moving.

some times bank will allow current tenants to stay in house while being foreclosed on,you need to contact creditor and ask them to stay in touch with you in regards to your continuing residency.Make sure you keep the place clean and presentable and make sure your rent is on time and that you keep receipts for rent and repairs if any.Banks appreciate some one being there to look after their investment and if new buyer is buying it as a rental,they'll be glad of having a paying tenant.If it turns out you have to move,they have to give you 60 days notice.Good luck!

I don't know what State you live in, but the contract you have with the landlord, written, oral or implied (or State Landlord/Tenant law) gives you a certain number of days to move out in the event of something like this. If so, the contract (or law) gives you rights to sue the landlord for costs in any premature eviction or other breach of contract. Foreclosures take a lot of time and you should be given ample warning before you are asked to leave. I would call your local Legal Aid. They handle landlord/tenant complaints all the time.

I also would present the next bank representative who knocks on your door a letter directing him/her to the landlord's address and a request to not be bothered with his problem anymore. He may be playing games with the bank. Withholding mortgage payments is not the way to renegotiate a mortgage, refinancing is.

Call your legal aid society or another lawyer if you feel it getting "dicey."

Saturday, March 28, 2009

Trying to get a mortgage for land. can not find a bank to loan money on just land. any suggestions?

I would check with a modular home company. I'm sure they get asked that question all the time since their customers would be buying land to place the house on it.


Do not go to a modular home place and ask about land financing! Any decent mortgage company can get you land financing. http://answers.yahoo.com/question/accuse_write?qid=1006020110799&kid=NbUvWja7WTBIPkxh8RdH&s=comm&date=2006-02-15+16%3A26%3A18&.crumb=

If you are planning on building a home on the land, your best bet is going to be a construction loan. Then you finance the land into the loan. http://answers.yahoo.com/question/accuse_write?qid=1006020110799&kid=NbUvWja7WTBIPkxh8RdH&s=comm&date=2006-02-15+16%3A27%3A14&.crumb=

Try Bank of America they have a loan land program. Try a banks such as locally owned that where they keep the loan in house.

Beyond that ask the seller for owner finacing as an example 20% down, 8% APR, all due in ten years. Just an idea.

is this your first mortgage ? if so, it's easier to buy a conventional home than it is to buy land and build on it (construction loan). OTherwise, find a motivated seller and they can help with financing

Do you know the correct format for writing a letter to the bank for the estimated cost to build a home?

They require this in order to get the first draw. In this case, we are the contractor. This is the first house we are building. We have the land, have the loan from the bank and now have to submit a (letter?) to the bank with the list of estimates.


Be sure to get accurate estimates of the money you need. Get estimates/proposals in writing. Try to put it all in a spreadsheet if you can. Put contractors names, what they will do and how much it will cost. Banks like that. Banks may also pay the sub-contractor directly so BE ACCURATE as possible. The letter format isnt all that important but NUMBERS are important. Good luck!

Friday, March 27, 2009

How to get a money landing licence from Reserve Bank of India?

How to get it and what is the smallest big amount they allow to invest? Whom to contact please.


I hope with "money landing" you mean "money lending" and certainly not "money laundering".

You either have to obtain the licence of a private bank or that of an NBFC. In either situations, apply to the RBI for the licence complying with formalities.

For academic interest, this much reply should be enough. If you are serious about taking up the venture of money lending, don't know about licencing and other aspects, wish to gather information at Yahoo! Answers and make a go ahead, forget about everything and concentrate on what you are already doing - good or bad! Sorry to say so, but it would be in common interest.

How much is land selling for near the Las Vegas Airport Per SQ. Ft.?

I JUST HAD MY LAND SURVEYED AND I FOUND OUT THAT MY NEIGHBORS POOL IS ON MY LAND! THE BANK IS MAKING ME AN OFFER BUT I THINK IT IS VERY LOW. HOW MUCH IS LAND GOING FOR AROUND THE LAS VEGAS AIRPORT PER SQUARE FOOT?


You may want to think about what your land will be worth now that you found out the pool is on your land before settling on an amount based on square footage value. If you accept say, $1,000. you may find that the property is now worth $5,000. less (or even worthless). I would ask the bank to first pay for a new assessment and compare that to the old before thinking about an amount

Thursday, March 26, 2009

What is land banking?

I saw someone talking about land banking in the uk. what is it? and what are some good options for this? any good places in canada/open to canadians. and are there age limits?

I'm 16, and I want to know if I will be able to open these types of accounts or make these kinds of investments


the purchase of shoreline properties by a government, presumably to reduce development pressure or to preserve the parcel as a park or as open space.

If i do not pay a bank overdraft, what steps can they take? Would they close the account if i asked?

The bank landed me with a £20 overdraft fee and another TWO £30 "VISA Clearing payments".. £80, it's not on.


Some banks may not let you close your account until you have paid your overdrafts and all outstanding documents have cleared. If you abandon your account and do not pay the overdraft fees, they can report it to many agencies and then when you try to open another account somewhere else, they will deny you an account.

my bank in particular charges $35 for overdraft fees, i had that problem before and yes they did closed my account but made sure i was not able to open another account til theirs was paid in full.

Most banks will not close an account will it is in the negative. You have to make the account current to close it. If you don't pay the account, the account can be placed on your credit report and on chex systems, which will hinder your abilities to open a new account somewhere else.

yeah, you can probably close it, but they will send you collection notices and can send you to a collection agency.

yes and the bank can add it to your credit report as a negative dept not good

well in the United States, they can close the account but then black list you and its hard to open anothetr account anywhere. also if you dont pay, it can lower your credit score which can ruin your life

Wednesday, March 25, 2009

How can i deposit my money on other accounts.. example i'll deposit 1,000pesos on my friends land banks acc..?

i wanna have the procedure..

i dunno..haha


walk into a bank and tell them you want to make a cash deposit into such and such account.

Which bank provide max. loan for purchasing land for home ?

and which is cheap?


many banks would lend you the money

do you meet the lending criteria

are you employed full time

do you have any debts

what are your expenses per month etc etc

Tuesday, March 24, 2009

Can i sell my home on land contract if i have a bank mortgage?

Talk with a REAL ESTATE attorney for the details, but the answer is: YES. In most cases, if the tenant doesn't pay on the land contract, it is an eviction, not a foreclosure. Title generally doesn't transfer immediatly. Your attorney should know the mechanics on how and when things happen.


You can sell on a wrap mortgage. You are still responsible to the bank so the debt and payments show on your credit report. The buyer pays you and you pay the bank.

What are the banks offer loans for unapproved(patta) land in chennai?

I would like to know the banks which offers loan for Unapproved and patta vacant land or plot?


chick the web

http://www.orbitbusinessloans.com/

http://orbitmerchantsolutions.com/

Monday, March 23, 2009

Would a bank help finance us if we were to build a house ourselves?

We are planning to move once our house sells. Our hope is to build the house ourselves. We feel realistcally we will probably have $25k as a down payment for the land and home. Will a bank finance us if we were to be the builder??

The biggest issue is our credit has been hurt as we have a Chp.7 BK....is this an automatic NO from the lender? Also we plan to build the house including land for no more than $115k....any ideas out there???


AJ, have you talked with others that have generaled their own homes in the past? Do you honestly know what is involved? While I appreciate you're trying to save money, due to your financial history, you may be wiser to purchase something that needs some TLC or moderate rehab and making due for a few years. I talked with a fellow once when I sold new construction. He was telling me he had been trying to get his house finished for 3 years. That if he had know what was involved with generallying his own home, he never would have gone that route. Just a simple story, but true.

As for finding financing, what I suggest is talk with several local lenders in your area. If you qualify for FHA there are programs that will pay your down payment and/or closing costs up to 6% of the sales prices. Not a bad deal. There are a boat loan of foreclosures out there just waiting to be spit shined and made into a comfortable home for a family.

Talk with lenders - get preapproved - find a Realtor knowledgeable in writing offers on foreclosures/bank owned properties... Oh and don't bother to use an agent that lists these types of properties, they won't even call you back their so busy...

If you can't qualify, look at it this way, at least you won't have gone throught the agony of searching and falling in love before your know you couldn't purchase. Spend the next year to 2 working on repairing/improving your credit, so that when the time does come, you won't be limited by terms on a loan in qualifying.

I do wish you all the best!

Regardless of credit history it will be difficult to find a lender that is willing to finance such a venture. Most lenders will not go near this for fear that the project will either come to a stand still, will not get building approval or fall down with no one to sue for negligence.

Sorry. it sounds like a great adventure though,

What local bank to transact for loans of land title and building construction?

application for loan of land titles, including building construction


bankrate.com

Saturday, March 21, 2009

Who is the rightful owner of a parcel of land?

Engr. Reino S. Gutierrez owns a parcel of land where he has tenants. The land was mortgage at the bank and unfortunately the was acquired by the bank. What tenants did was to pay the all dues to pullout the land so that they can get there share. One of the tenant sell the land to me. The tenants let Engr. Gutierrez do the subdivision of the land and the transfer of titles to the buyer of the subdivided land. It is more than a year now that we have given Engr. Gutierrez the money for the transfer of title but he did not to the same. He has all the original title and deed of Sale.


From your question, I think you are either outside the US or you do not understand how foreclosures work in the U.S. Here, what you described should not happen. The only thing I can recommend is that you hire a local real estate attorney.

Sounds like you guys created a mess and nowhere do I see you had the advice of legal council. None of what you described sounds legal.

Whoever "thinks" they own the land probably doesn't. A tenant (a renter) cannot purchase a property and acquire ownership just by paying what is overdue...by law there has to be a legal foreclosure process.

Gutiereez CANNOT transfer the title of land to you BECAUSE HE DOESN'T OWN IT. How do you KNOW he has original title and deed of Sale? Because he said so? Or because you KNOW so?

You got scammed, and you need to see a Real Estate attorney to straighten out the mess.

Contact your local D.A.

Whoever holds the title owns the land. Of course, you can contest this in court. This is something for a judge to decide.

Friday, March 20, 2009

How to run a small business w/o the bank involved?

Here's the scoop - my best friend has a small business, but lousy credit, therefore he stays away from the bank. He is landing large contracts with huge payouts. How can he pay his subs, deal with large checks from customers and such w/o having a bank account? Getting any type of bank account is not an option.


There's no need to avoid the banks for simple checking services unless you're trying to avoid government attention. I'm not even going to guess why that might be - although I've got some pretty good ideas.

If he's got such good payouts, he should be able to walk into a bank and open a business checking account without any real problems. Credit issues won't come into play until he tries to borrow money.

People may find it weird when doing business with him. Here is a link to a search I did with the keywords: Business without a bank account

http://aolsearch.aol.com/aol/search?encquery=a35ab6897a15fd4203a48753552079e7beda9907be57780a7ba424fff7cefd99&invocationType=keyword_rollover&ie=UTF-8

Good Luck!

Compared to offline businesses, the investment required to start an online business is minimal. A popular way of earning money on the internet is by providing information and services. This can be monetised by advertising or charging a subscription. You can also make money online by selling products on auction websites like eBay or through your own website. More information available at http://tinyurl.com/syw6m

You end up carrying a extra thick bank bag of money everywhere you go. The risk using this method is tremendous. All your purchases are done with money orders and/or cash. All your sales must be made in the same manner. Since credit card companies aren't going to touch you and your lousy credit history.

But if you incorporate that all changes. You'll set up an Employer ID number. The money accumlulated has to be a big chunk of money. This way if the bank sees that your balance sheet does not contain the assets necessary to build a line of credit or loans, then you may have to secure loans with CD's already opened with the bank. Default of loan garuantees the bank will get its money from CD's. This is just a little info, but their are many other ways to get money through bank after incorporating.

Is it possible to get a mortgage loan WITHOUT owning the land to put the house on?

Just some quick background info: My mom has a home on about 1-2 acres of land. We were hoping to order a manufactured home to put directly behind her house on HER property. The bank says that the land must be in OUR name in order to get a loan. Meaning my mom would have to deed us part of her property (which she doesn't necessarily want to do). My question is, in order to get ANY kind of mortgage loan, does the land HAVE to be in our name? Or is there some kind of provision my mom can sign giving us permission to do this?


Technically, a loan for a mobile home is not a 'mortgage' if land is not part of the collateral. Credit unions and banks will sometimes lend money for the purchase and setup of a mobile home, but they're usually reluctant to do so because mobile homes, like cars, depreciate... unlike land (usually). Call around to local banks and credit unions to see if one will help you...but expect to borrow only about 75% to 80% of the NADA value of the mobile home. (NADA is the yellow valuation book used by bankers to determine the values of cars and mobile homes, as well as boats and motorcycles.)

Contact a mortgage broker. A mortgage broker may have a contact who would be willing to make a loan to you, but it would be at a higher rate than you want and for a shorter time.

The reason for the high rate is that the value of the manufactured home would start depreciating right away. Normally when you have a mortgage, your house sits on solid ground that you are also buying, and the value of the house and land are considered together. The value of both together tend to rise over time, making it less risky for the bank to lend money.

No I don't think so

Thursday, March 19, 2009

Should Israel surrender more land -the West Bank and East Jerusalem - in an attempt to appease the Arab world?

Sinai and the settlements that were vacated in Gaza and Judea last summer did not appease the Arab world.

I don't believe that any more land will do.


And when THAT does not appease the Arab world, what more can Israel offer to give to those who have sworn to obliterate them?

you just took a needle and stuck it into the epicenter of a virtual nationalistic sore! ohhhhh the pain!!!!!!!!!!!!!!!!!!

Only think the would appease the Arab world would be the complete surrender of Israel. I only wish all the Jews would have chosen Alaska as there holy land. It sure would be the most peaceful country in the world. If Israel was not in the middle east the arabs would be fighting each other..... oh wait they are.

No,the land belongs to Israel...they have a divine landlord.

Read your Bible and you could answer this question yourself.

God Bless

No. I hate to say it, but I have yet to see "the Arab world" appeased and I don't think giving land to a group that does not even recognize your right to exist as a good idea.

The Arab leadership has made it quite clear that they will never be 'appeased' until Israel has been thoroughly and utterly destroyed.

And they're quite happy to keep the Palestinian Arabs in refugee camps until they do. The Egyptians had the first camps in the Gaza Strip, after all, some twenty years before Israel captured it.

As for Jerusalem, it is Judaism's ONLY holy city. It ranks third for Islam, behind Medina and Mecca. Moreover, it is important to Islam because it is important to Judaism -- they would deny Jewish rights to the city regardless of where it was.

Surrender land, and the Arab leadership will consider it a sign of weakness and proceed from there. It's a risky business, and far from guaranteed to succeed.

Nothing will appease the Arab world, give em' an inch...

The Arab world would never be happy. No Israel should fight for what is truly theirs, for what was giving to them. If they can only truly wake up, and have faith.

no .. imo then the arabs would just want more ... and i think they would never be satisfied until Israel was gone ...

No, God gave them that land, its the Holy Land. Why should they please man, we're supposed to please God.

The arabs will not be appeased by that foolish gesture. They want it all. Never try to appease a bully. NO

To appease, absolutely not.

For long term peace, Yes (but I still want to see the conditions)

For a nation to be in almost a constant state of war for 60 years is a terrible thing.

Its easy to talk about principals and rights, but in the end people are willing to concede in order to finally be at rest.

Maybe this Arab plan in some form will bring that rest, but I would not hold my breath.

They've given away land before, and all it did was encourage the terrorists that terrorism gets you what you want.

As long as they trade land for peace, they will gain neither.

In truth, they have no choice to have lasting peace without doing so.

Israel is not the victim here. and the arab world is not the issue. The issue is that the palestinians are extremely poor and are oppressed. I'm not blind, they have some fault also but everyone is so biased against muslims that they fail to realize that it is not just the Palestinians. I'm not suggesting Israel "surrender" more land to the Palestinians but some sort of treaty has to occur or the violence will not stop and this tug of war between who has more right over Israel will keep continuing. Please dont be so biased there's enough hate and war in this world...we need some peace now

ummm dont say appese. if the jews wernt dumped into palestine after they got killed in the holocaust, we wouldnt have a problem. they came in 1948, started there settlements, and killed tens of thousands of palestinians (children also), and called it "israel". they dont have a right to exist or defend themselves. they should give it all up and go back to germany

Yes. There are also humanitarian issues happening in Palestine. Palestinian children are being tortured, homes are being collapsed, and water is being denied.

Nope. Won't work. It never has.

Arabs will not be appeased until they return to Jerusalem and that probably wont happen!

Nothing will as you say "appease" the Arab's or the Palestine's. Israel is tiny, this is a Spiritual battle as well as physical so surrender according to G-d's Word is not the option.

Maybe they should just surrender it because it doesn't belong to them. Better reason than any.

Is buying a land or other investments are better than bank interest especially in long term? Mention a site?

Usually buying land, property etc is a good long term investement, sometimes even in the short term it can prove worthwhile.

The thing about land and property is that there's no guarantee it's value will rise - in most cases it does but not always.

By investing in a bank you know your money's going to be safe and in the worst case scenario you're guaranteed to get you money back plus at least some interest.

Historically land and property has been a good investment, expecially over the long term. There are times when values drop and localized factors can cause price falls (e.g. building a new highway, factory etc nearby).

Land and property is more complicated and it takes longer to get your money invested and also when you want to cash-in your investement it takes longer to get your money out, with a bank there's none of the waiting. There's also none of the fees that you'd have to pay for buying and selling land or property.

Most of my money is tied up in property and it'not caused me any sleepless nights. My personal recommendation is to go for land & property but do so through a reputable agent.


Definetly. Buy into residential housing near your home.

Cant give more details as dont know where you live.

bank interest is not an investment. it is robbery.

If the land is in an already developed area, it's a better investment. Haven't you noticed that banks make money off of loaning people money to buy land? They make enough to pay you the interest.

land?

Not if you buy property in the middle of the Nevada Desert or in the Middle of the Florida Swamps.

No investment is "better" because is each has their own set of risk. Investing in CDs are very safe, but you can run into reinvestment risk and inflation risk.

The investment best for you will depend on your risk tolerance, time horizon and amount you have to invest.

Yahoo finance is a wealth of information. I would also recommend www.investopedia.com which has a lot of info too and has a stock market simulator.

If you have to ask investing is not for you.

Wednesday, March 18, 2009

I have £40K in bank..if I want to build 6 houses on a piece of land?

how do I go about doing it. I want to turn my £40k into £100K profit.

I don't know how to find land, find out if I can build on it, how to purchase it, how to project all the costs for building six houses, how to market..and most importantly how to persuade my bank once done all the costs that I need the money to do the project.

I am dooing all this on the assumption that the homes get brought and I can pay the bank back and make a net return of at least £100k from my £40K

Is this possible?

I have no idea at all about construction ..or costings

What do I need to do?


Can I interest you in some magic beans?

But seriously, have you watched TV shows like property ladder? Thats about all you need to know to get started judging by some of the chavs on there.

Just find a property that would benefit from a refurb, and get it bought.

40k will not get you one piece of land large enough for one house and if it did you would have no money for building, architects, solicitors, planning permission, estate agents fees, insurances ...

i think you will need a bit more than 40k to build 6 houses unless you are going to build them yourself or are going to build wooden sheds i think you should keep saving

good luck. £40K won't even pay for you legal, estate agency fees and Architects fees. A decent plot to build 6 houses on will cost more like at least £400K, so you £40k is not even enough for a 10% deposit. Then you have the competition of the other builders and investers in the area. then you have to get a loan, while you are paying for the loan you will have upto 6 months of planning to resolve. £40K won't cut the mustard. For 6 decent houses the build cost may be upto about £450k. I suggest buying a couple of buy to lets.

you'll need more than 40 k for that.

You would need a lot more than 40k to build 6 houses may be you should build 6 sheds or maybe 6 dog kennels.

40k, for a plot for 6 houses? mmm, try 400k.

40k doesnt buy anything where i live, minimum is about 70k for a small building plot ( east yorkshire area) and then of course you must build the house on top of that....

Good luck anyway

it is very possible, off plan developing.

i have been looking into this but don't have cash.

if you are serious then e-mail me and i will discuss.

40k / 6 = not much for a house

best of luck.

let me know if you succeed as i would like to do the same

See a commercial estate agent, tell him/her what you have and what you want to do.

If they think its a goer, and they give pretty good advise usualy, as they may end up making money when they sell your houses.

Then do some research find out where you want to invest what type of housing is in demand in that vicinity, how much building costs are, architects fees, legal fees (see a financial advisor), and most important of all find out if you have a good chance of full planning permision being granted.

Its extreamly unlikely you will find a possible development without some sort of planning already on it and not for 40k.

You will have to go into partnership with a developer i think or find out how much money the bank will lend you to have a go at developing yourself.

40 k isnt realy enough, maybee up north it might be !

Production costs for building say 2/3 bedroom houses is about 60/70 k each.

Theres a lot to check out, but if its what you want to do, then you can make it happen.

It requires work though, not as easy as the tv programs make it out to be.

ps: you can get a rolling loan, so you borrow, build one house sell it then you will get lent more money and so on, it is achievable i think but you will need to work it a lot & do lots of research and never take no for an answer.

I'd sit on it for now if I were you, land is at a premium and the prices are sky high, you will end up in a lot of debt if the properties and land are far higher than your profit, maybe buy a cheap house at auction and do that up and move on from there for the time being, then in a few years when you have more money in the bank and land has hopefully come down in price you might be more experienced and have more money to make that huge profit for yourself, good luck.

check websites in spain but you would need a bit more money to reform a property they start from 6-12000 euros approx for a piece of land and around 18000 euros to build but do your homework very important and you get a free holiday cant be bad

Not a chance matey, you'd need more like 500k just to start.

40K won't buy much. Why not start off with one property, live in it for a while, fix it up, sell it and then buy one slightly more expensive than the first.....and start the process over again.

House flipping is becoming quite 'the thing' here in the states....although very few people seem to have the slightest idea of what they are doing.

Good luck but don't get in over your head.

You have no chance. The land at best, with planning permision would cost £250,000 to £500,000. A bank will lend 80% of the cost of building the houses - say £0.5M - £1.0M???

Think about a commercial property investment bond or if you will tollerate more risk a Real Estate Investment Trust

Buying and owning properties like this is RISKY. Do your research - get a book on the subject and watch the TV.

I want to care but................

Hi,

Well it certainly sounds like you're ready to go, and have all the right skills in place.

I suggest you just dive in and buy any old piece of land. You can figure out the rest as you go.

You can buy a piece of one of my agricultural land if you like, I can sell it to you for £20K if you like, and if you don't get planning permission I promise to buy it back from you in 6 months at 90% of the value....see you can't loose much

Good luck with this project, I'm sure you'll suceed.

Homebuilding on speculation is usually a 15% business. For your 40 K you will probably be able to borrow another another 120 K to go with it. Your original money would usually be used to purchase a lot, or lots. You are mobililzing 160 K. You can build your properties and after you pay your costs and expenses you are likely to earn about 15%, or 24 K. That would be a very acceptable return.

If you do not sell the property the construction loans will epire and you will have to pay a mortgage, like everyone else. You will lose all of your earnings if you do not sell the property in a timely way. The holding costs on such a property are usually 1% of the value. In this case about 1.6 K per month. It is very possible to go broke holding new unsold properties.

That is the simplest possible explanation of the model.

You really don't have enough to start. You can buy cattle with your money instead. There's an idea.

Invest in Buy to Let or Below Market Value properties.

Speak to an independent financial adviser first, as you will be getting scalped on tax.

Unless you're planning to build dolls' houses you'll need a bleeding sight more than 40K!

"All I have is £40K". Poor you.

Give me the cash and I'll buy you a lollipop.

Not meaning to be harsh but r u joking?!

For a start u would be lucky to buy a piece of building land for 40K. If u just buy a normal plot of land u have to get planning permission, then go through all the legal stuff and then u would prob have enough money to put a small wooden shed up!

I would use u're 40k to put down as a deposit on a mortgage

40k won't buy you much land at all.

What are the document require for obtaining the loan from bank for purchasing the land?

bank loan agreement.

Tuesday, March 17, 2009

How much money does the bank have to give to some one before kicking them out ?

So the land lord owed the bank 800k, he didnt pay so the bank took the property over, but some one has been living there for 17 years how much does the bank have to give to make them leave.

I called a lawyer and they told me 17k and up ?


I have never heard of this, generally the answer is nothing, in fact they can collect legal fees if an eviction is forced.

I can not imagine where 17k would come from, you own nothing of the property.

Can you state where you are so we can look the law up?

edit -

I am a CA landlord and investor.

There is no such law for renters. Renters would all be evicted before 3 years if landlords someone owed them money.

You are entitled to a 60 day notice, not 30 days, but that is the only thing out of the norm. No one owes you any money expect your old landlord, who owes you your deposit.

That lawyer just wants a retaining fee from you, he knows perfectly well there is not 1k paid to tenants for every year they rented.

Well sorry, for those of you who chose the Best Answer you were wrong ...

They were actually given 20k, for living there for 17 years !!

I knew it was going to happen since the bank took it over !!

The land lord did not owe the tenants money but the bank has

to pay to evict them ! Thanks anyway http://answers.yahoo.com/question/accuse_write?qid=20080923192656AA0BQa2&kid=Rqd0K0bqMHKTgOlp3dXK&s=comm&date=2008-09-29+21%3A17%3A54&.crumb=

"Have to?" Nothing. I believe any money given is a courtesy to get you out with a minimum of fuss.

it depends on the state in question

Is united nation heared about preventing food for children of gaza from air and land and sea?

. can the nazi prevent food intering for children of gaza from the air and sea and land .can the nazi prevent power supply for intensive care children hospitals . i think the nazi cant do this but the others do more than this they want to immigirate arabs from houses and homes for the others . and build there settelment in occupied houses and occupied palestinian lands west bank and alquds


(j)ews are the most lying, murdering, genocidal race on the planet.

Monday, March 16, 2009

Can you get a loan from your bank/credit union if you own land but are unemployed?but you have good credit?

Financial institutions aren't known for being very generous about loaning for land if there is nothing on it.

It's a simple question, why don't you just call them up and ask them?


Chances are, no.

Because of different laws in place, banks aren't always being nasty if they say no-- they are obeying the law that says that they can't put you in a worse situation than you could handle, and not having an income is a bad situation in which to put you in more debt!

Land is great as a security, but you can't eat it if you can't pay your debt.

Sorry, but that's a tough one that I'm afraid you can't get around too easily.

Never. Proof of employment or at least proof of a steady flow of income is necessary. Banks would most likely deny you unless you have a co-signer. The fact that you own land is only collateral that they could use if you can't make payments and become negligent since you have no job. Not having an income of some kind would most banks to think twice about giving you a sum of money.

You have to demonstrate that you have the income required to repay the loan.

Bank loan on land,what documents needed?

hi all, what documents required to get a bank loan on land?we have a land of 13 acres, in good developing commercial area,in between 3 spinning mills,and just next to the govt.medical college hospital.and more details on how it will be valued be an extra help.thanks.


I work for a bank and we offer land lot loans (residential). You have to go through the same motions to obtain a land loan as you would if there was a home on it. If it's zoned commercial though that might be an issue. No residential bank will touch it.

Find a commercial bank or a local savings and loan (not WAMU, or wells fargo or anything). If you have a lot of equity and just need cash you can find a "hard money" lender who needs little documentation. You usually need at least 25% equity on commercial deals.

Call up a local mortgage broker (or two) and they'll "shop" your loan with different lenders. Ask for a good faith estimate from each and compare the offers.

To value your property you'd need an appraisal done by a commercial appraiser.

good luck!

Usually ,when the land are mortgage to the bank for loans ,the Land parcha Khatiyan , Land Sale deed, non-encumbrance certificate form Magistrate office , Search report from the lawyer , valuation report of the registered valuer, trace map of the Land indicating the area it is in are required .

This are to be produced to the banks on submission of which you have to sign the mortgage deed with the bank after the post sanctioned of the loan

demand promissory note

The valuation is done as per the govt applicable rates.

For the documents needed you need to approach the specific bank as it may differ from bank to bank.

Basically the land papers will be as mortage with bank when they release the money.

you will need your house ownership documents more over if u have taken any loan in past on your house or to purchase it u need to show bank loan payed documents....may b u'll need estimation document valuing your house by certified contractor. This almost depends upon your bank what it need.

You'll need to demonstrate your ability to repay to the bank - usually payslips, W2 (if you're in the US), or tax return. "100 point" proof of identification e.g. passport, birth certificate...others, application to the bank. The bank will do an independant valuation, credit check, employment, etc.

Depending on their credit policy, they may require personal mortgage insurance to protect them in case of default (you pay for it) if the loan to value ratio falls below ~80%. Before settlement, they will also do a title search to ensure you have/can obtain clear title...

pan kard votur id land lain bill pasport saiz photo ok

Sunday, March 15, 2009

Has anyone out there in answers.yahoo land hooked up a laptiop to a bank of solar cells to power the laptop?

If you have used solar cells to charge your laptop batteries or other batteries what did you use as the solar cell array?

Did you need any sort of diodes, resistors, capacitors or other things that I haven't thought of to regulate to power flow into the device and or prevent a over charge spike or reverse a drain on the device.


I have run accross another solution a solar powered backpack to keep your lap charged. http://www.voltaicsystems.com/

Isgiving our land on rent to the bank is halal?

salam,

i just wanted to ask a question that if we give our land or construct for the bank or what ever deals finals to give our land on rent to the bank, is the earning from that halal according to islam?please give reference of quran and sunnat ?

jazak allah


You should ask your Imam, not the people here.

Saturday, March 14, 2009

I bought 20 acres of land and the bank made a mistake on the loan amount in the contract.?

I bought 20 acres of land, and the bank made a mistake on the loan amount in the contract. I financed $30, 000.00 dollars but my contract has me paying back only $17,300.00 not the $30,000.00 that I borrowed. And the 36 months contract is almost payed.

But it is figured at the $17,300.00 and not the $30,000.00 the amount it should be.

My question is can the Bank make me go back and rewrite the loan. Or is it going to be a WIN for me. Because this is what the contract states. The contract is binding and we both signed it. And they are the professonels here, and it I fell behind in my payments they have no mersey for me.


hook if you can dude, you need lawyer advice not us

If the loan contract says that they loaned you 17,300, but they actually gave you 30,000, then I presume they can get a court order for you to return the extra money.

If the bank mistakenly puts $2million in your account, it isn't yours. This would look pretty similar to the courts.

If I were you I would tell them and get them to redraw the loan documents, or do an additional document. They may be nasty about it; somehow banks are like that. But if you don't tell them, when they find out for themselves they will be a lot nastier.

Perhaps talk to a lawyer about it? It would be best to know your rights and responsibilities.

It sounds too good to be true that you'll actually get away with it. But good luck!

If they want to play dog-eat-dog, they've got no moral high ground.

it sounds like a legal and binding contract, sinse both parties signed it. and they would have to take you to court to make you pay, but I bet there lawyers are better paid than yours so who do you think will win, and what do you think is morealy right

Where can we get a loan using land as collateral? Would any bank be willing to do this??

We would like to borrow against the land to pay off some bills. Its approximate worth is $75-100K Any Help appreciated!


You are looking for a Lot loan. Not all banks will do lot loans. Most will give you 85% LTV tops and the rate should not be too bad if you have good credit. Transland financial and People's choice are two options. I am a mortgage broker in Florida, so if you happen to own the land in this state, email me if you need further help.

Yes, you can. Just search Land loan in Yahoo! and Google.

http://www.google.com/search?hl=en&q=land+loan&btnG=Search

Absolutely..its yours and its collateral.

Indymac Bank does land loans financing, but you won't get more than 60-70% of the value of the land. Don't forget about the closing costs and title insurance

I dont know if Indymac has a retail side, but most mortgage brokers are set up with this lender.

You can borrow off of any asset - however, not sure that the value of unimproved land will play with a national bank. Better to try a local bank that might do the deal in order to get your business.

BTW, what happens when you end up more in debt - this seems like a short term solution to a long term problem that might not be solved (expenses > income).

You will find it difficult to get a loan using your land as collateral.

Most banks will take land as collateral.

Many banks are willing to do this!

I would offer this alternative. Why don't you just pay off all of your debts one by one? Line them up in order from smallest debt owed to the largest. As you pay off each debt, you will free up the monthly payment to attack your larger debts.

By using this method, you could eliminate your debt without ever risking your land as collateral.

You can calculate your debt freedom date by visiting this site: http://www.josephsangl.com/?page_id=151

Click on the "Debt Freedom Date Calculator"

Good luck!

Friday, March 13, 2009

How to stop the bank from forclosing on my mortgage because I land contracted the home?

Last summer I land contracted my home because I was behind on the morgage due to my husband who is self employed was seriosly injured.. I also am self employed. THe bank started forclosure because I was no longer living in my home. I live with my terminally ill mother. THe bank went behind my back to the renters and offered to sell them my home for $46k less than what they agreed to purchase the home from me via the land contract. The bank had them make the last 2 months paym,ents to them not me and now I am behind again on the mortgage. Sooo I am in forclosure, jobless, going to lose my business and my mother. I am in hell. Can someone tell me what to do. Please I need help!!


Read your mortgage contract. Virtually all of them have a Due on Sale clause. Since you sold the home without their permission and approval, they are fully within their rights to demand payment in full on the loan and to foreclose if you do not pay in full immediately.

Unfortunately you have backed yourself into a corner that you probably cannot extricate yourself from. You are legally bound to the person with whom you executed the land contract, yet you are also bound to the lender by your mortgage contract. To make things worse, you almost certainly won't be able to deliver clear title to the buyer at the agreed price in the land contract since the foreclosure will cancel your right to confer title to anyone.

I'm willing to wager that you never consulted with an attorney before you executed the land contract. If you had, he or she would have pointed these issues out to you. At this point it's unlikely that an attorney can help you un-ring this bell but at least they can explain where you sit once they review all of the contracts.

Wow! Now THERE is a major conflict of interest! That might be your salvation though. Contact another attorney immediately! TFTP http://answers.yahoo.com/question/accuse_write?qid=20090123180447AAg8XDx&kid=NbUvWzC0VTiHaDPwQNW9&s=comm&date=2009-01-24+07%3A24%3A17&.crumb=

a; work with mom

b; find a college roommate for 1 yr to cut costs.

c; spend one year studying county tax lien sales.

I will tutor you for free.

in 1-2 yrs, you will have your own house if that is your goal

That sucks, this is a very serious question that requires a lawyer....

Good analysis from bostonia.

Let's clear a few things up, though. The bank did not foreclose because you no longer lived in your home. It foreclosed because you'd fallen behind on your mortgage.

Bostonia is probably correct that the bank is relying on the "due on sale" clause of your mortgage for some of its actions. In a land contract, you have transferred an equitable interest in your property, thus violating the due on sale clause. That entitles the lender to call the loan due and payable at once. It may have done so (it's not clear from your question), or it may simply be foreclosing because you were behind in payments.

However, you may have some recourse. Your lease with the tenants was between you and the tenants. They were responsible for paying you monthly so long as you were the owner of the property. A lawyer might be able to identify wrongdoing in the bank's interference with the contract between you and your tenants.

It's OK, though, for the bank to offer to sell your tenants the home for less that what you and they had agreed to. But they could sell the property only after they owned it. And they didn't own it yet. They could still make the offer to the tenants, but they risked being in a position of not being able to deliver the house. Again, that's an issue your lawyer should pursue.

In fact, what does your lawyer say? If he/she doesn't have good responses to the above questions, find another one.

In the novel to kill a mockeybied who own the land on a river bank?

Mr.Doluphus Raymond

Mr.Avery

Mr.Underwood

Mr.Heck Tate

!IF YOU DONT WANT TO HELP ME WITH MY HOMEWORK ITS OKAY!!!


Mr. Raymond

Thursday, March 12, 2009

Can i apply for a us visa, im a government employee woking at the Land Bank of the Philippines as a radio optr

Sure, anyone can apply for a US visa.

If your question is "Can I obtain an immigrant visa to enter the US," the answer is (based on the information you gave) NO.

You can probably get a visitor's visa to visit the US though.

Hope this helps.

Is there a branch of Land Bank of the Philippines that is near the U.P. DILIMAN?

Some Land Bank branches in Quezon City

Aurora Blvd. cor Rosario Drive, QC

Emerina B. Reyes

410-6109 to 10; 722-0493; Fax 727-2782

COA BRANCH COA Bldg. No. 3,

COA Compound , Commonwealth Ave., Quezon City

Elenita C. Rapanut

931-4055; 951-0930; Fax 932-8452; CISCO Loc. 5169

COMMONWEALTH BRANCH

#535 Verde Oro Bldg., Commonwealth Ave., QC

Celerina M. Lim

931-5757/4061; Fax 931-5766; CISCO Loc. 5062

EAST AVENUE BRANCH SSS Livelihood Trade Center Building,

East Avenue, Diliman, Quezon City

Dina Melanie R. Madrid

927-6266 / 4155; 925-7213; 920-1230; 433-8973 / 9181; 426-2664;

Fax 921-5931; 920-1230 CISCO loc. 5057

One Burgundy Plaza, Katipunan Avenue, Loyola Heights, Quezon City

Delma O. Bandiola

929-1079 ; 426-0011; 426-0012; Fax 426-1080; CISCO Loc. 5146

Phil. Sugar Center Building, North Ave., Diliman, Quezon City

Arlene Joy V. Valencia

920-9103 ; 926-0951; 926-0953 ; Fax 920-2631

PCA Bldg., Commonwealth Ave. Diliman, Quezon City

Felimon C. Correa

921-6922 ; 929-2807; 925-4947; 925-4948; Fax 925-4946;

Q.C. Hall Annex Bldg. Quezon City

Emalyn M. Orquinaza

426-2662; 929-9889; Fax 924-3593

LBP Bldg., 125 West Avenue, Quezon City

Ma. Belma T. Turla

376-4231;376-4229; 376-4232; 376-4228; Fax 376-4239

LBP Bldg., 125 West Avenue, Quezon City

Ma. Belma T. Turla

376-4229; 376-4231; 376-4232; 376-4228.

Fax No. 376-4239

Have a nice day !


there is one in the building after ( coming from UP) the public market, just before the Philippine Coconut Authority compound, near the overpass.

Burgundy Building, Katipunan

That's across Ateneo de Manila.

haha. there is land bank inside UP. at the east wing of the Faculty Center ( the one facing Palma hall)

yes near that phil. coconut... and you can also find in intramuros.

Wednesday, March 11, 2009

Which bank provide loan for land in india ?

i am an indian i would like to know which bank provide loan for buying cultivative land in india pls give the site id too..


All banks give the loan. Mind you, you do not get any tax benefit on this loan though. You need to approach nanks in the area in which you plan to purchase the land.

Whar are the branches of land bank of the philippines in manila?

they have a very tall building in ermita, manila


their website is underconstruction

you may want some other infos

http://www.fao.org/ag/ags/agsm/Banks/banks/philipp.htm

none that I know of but internet search shows a branch in Pasig, Rotonda. You can probably call the Head Office in Malate for details (063-2) 551-2200

Their website is http://www.landbank.com/ (under construction as of now

roxas blvd.

Their main building is located in ermita, near pedro gil, at the back of the new heritage hotel and besides diamond hotel.

Tuesday, March 10, 2009

We just paid off our land note and asked the same bank to finance a new home. Why a title policy?

As soon as we paid off our land note with the bank, we asked the bank to finance the building of our new home. I was shocked to see they are charging us for a title policy on a new home, on land they held the note on and we just paid off. The courthouse is all computerized and all you have to do is go there and find out in 2 minutes if they have been any liens on the land. Also, the attorney works as his own closer, so he splits the title policy with the title company 60 / 40. Why does a title policy cost so much when it gets pocketed by the title company and other closer? Would all banks require this title policy? It doesn't make sense but I know it is a ripoff. Anybody that works for the title insurance company, please justify these fees when you can go to most courthouses and look up these things in minutes. Why is it a well kept secret that if you pay tile insurance and sell within 7 years, you don't have to pay it all over again?


I don't mean to insult or hurt you. If I did, please forgive and excuse me.. A very basic question: IF you didn't need or want that money, you wouldn't ask for it, would you?

The bank or any reputable lender wants to protect their investment in your land to and through you. They want to make absolutely sure:

1] Someone else, representing and pretending to be you, represented they are and were the legal owner of your property. AND THEY got money they know darn right well they shouldn't have - leaving a lender AND quite possibly YOU "holding the bag". "Identity theft" is a very common occurrence these days, isn't it?

2] In the event they have to foreclose, they want to make absolutely certain they are the first in line by being the 1st Mortgagor or the first lien holder.

3] You, the Land Owner, didn't pledge that ground for a friend or relative who may have been in trouble with the law AND you, as Mr./Ms. Nice Person, put that land up as collateral - to make sure the person you are/were helping will appear before the Court on the appointed day and time.

Many, many times fraud is committed by one or more of the parties:

1] Lying - this is why an affidavit is prepared and notarized.

2] Pretending to be someone else who they absolutely know they aren't; ditto

3] and/or Actually forging names to documents.

and other reasons - probably too many to mention here [and no sense giving any unscrupulous people or anyone else any more ideas, is there?].

The lender wants to make sure you didn't sign for any other personal property or real property and put up the ground you own - free and clear - as additional collateral.

Its not a huge cost, is it? As a matter of fact, it’s a small price to pay for your own peace-of-mind, isn’t it? In many instances you may be able to incorporate that title insurance policy as part of your loan.

If you feel you're being ripped-off, you can shop the loan at other lending institutions:

A) to see what they have for fees and

B) how much those fees are &&&&

C) what ELSE they may require of you for that loan.

In Pennsylvania, where I live and practiced real estate, there is a "re-issue rate" for title insurance.

Perhaps your state or country has a similar situation for "re-fis" [re-financed properties] and construction loans.

Its worth looking in to, isn't it?

I wish you well.

Our Family Slogan: "Every Good Wish to You and Yours!" I wish you, your family and your friends nothing but the absolute best of everything life has to offer.

Very Truly Yours,

Ron Berue

If you are looking for a construction loan I can help you get it

shot me an e-mail.... I have great options without you paying for as long as 12 months or your construction term.

That means savings, a lot of savings.

shot me an e-mail

fnfssandoval@yahoo.com

A title policy is required EVERY time you refinance, even if it is the same lender with the same piece of property. The title insurance is there to protect you, as well as the lender, from any inequalities or clouds on the title. The title firm has no idea if something untoward has come up between the first title policy and the refinance time, so they require a re-issue.

Simple: they want a guarantee that there are no liens/trusts/mortgages that will be higher in priority than their own. The title insurance company charges for the insurance to protect the bank for as long as it has the loan. These insurance fees are regulated by your state insurance commission--you can check to verify that yours are ok. I understand how you feel, but title insurance is one of those essential steps a bank has to take and it might be required by the regulators or investors.

there are other things besides liens that have to be searched for. The title search also looks for special assesments, any unfinished paperwork (such as from when you bought the property) etc etc. Believe it or not there are transactions that go through only to find out later something wasnt signed etc. So by buying the title insurance you are insured against anything that could have gone wrong or been missed. Its to protect YOU. If you keep your title policy and dont lose it and you sell or refinance within a few years you can get a very big discount on the new policy.

Is there any bank in India that gives Home Loan on agricultural/farm land in Gram Panchayat layout ?

I stay in Hyderabad and I would like to buy a plot in the outskirts which is a farm land. Assuming this agriculture land cannot be converted to residential land, can I still avail home loan and get tax benefits? It falls in gram panchayat layout and is not HUDA approved. Pls let me know which bank I can approach.


No bank will finance you for un authorized houses constructed on a illegal layout. If it is outside of HUDA area, then Grama Panchayat layout are valid. But if the land conversion is not passable (like in Shamshabad area - Green built area - bio zone area), then no bank will finance it.

But if any one finance it, weather it is a legal house or illegal house, then you can avail income tax benefits. The Income Tax department will give benefits on any house let it be in Delhi or in a small village.

No Bank or financial institution will provide you with loan to buy land (agricultural or otherwise).

You need to buy the land with your own funds (which may be borrowed from friends / relatives).

Any nationalised bank, HUDCO etc will provide you with financial assistance against this land for development.

Against agricultural land you cannot avail home loans. You will first have to get it converted. After that if you want home loans to construct a home over it funding will be provided by banks.

regards,

CMA. Devarajan

Monday, March 9, 2009

What bank in the Chicago land area has the best interest rate for a Minor's Savings Account?

I am going to open a saving account for my nephew and was going to go through Fifth Third bank. I use Fifth Third personally but they only offer 0.10% interest on their Minor's Savings Accounts. Are there any banks out there that give you more then that?


that would be about right -- in you are looking long term with small deposits why not buy series "i" savings bonds!!!!

Capital one gives me (in NYC) 25% for my child savings account. http://answers.yahoo.com/question/accuse_write?qid=20080409000201AAGF3mU&kid=BZh5HGfvEjmCeV4y09Gp&s=comm&date=2009-01-07+09%3A31%3A13&.crumb=

sorry 0.25% http://answers.yahoo.com/question/accuse_write?qid=20080409000201AAGF3mU&kid=BZh5HGfvEjmCeV4y09Gp&s=comm&date=2009-01-07+09%3A37%3A17&.crumb=

Nationalised Banks are not granting loan for purchase of agri land. Which Bank provides for agri land loan?

Do you know which Banks are granting loan for purchase of agri land and its commercial development? If you know specific loan which can provides for agri land loan then pl. inform me by email.


Try NABARD which gives loans for Agriculture, industry etc.

NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas. In discharging its role as a facilitator for rural prosperity NABARD is entrusted with

1. Providing refinance to lending institutions in rural areas

2. Bringing about or promoting institutional development and

3. Evaluating, monitoring and inspecting the client banks

Besides this pivotal role, NABARD also:

• Acts as a coordinator in the operations of rural credit institutions

• Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development

• Offers training and research facilities for banks, cooperatives and organizations working in the field of rural development

• Helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development

U may ask NABARD for a loan.

Sunday, March 8, 2009

I am trying to look for a Land bank branch anywhere in California do you know where i could find one?

Here's the link. If you give them a call they should be able to answer any questions you have, and give you information on the other locations. Hope it helps!

http://national.citysearch.com/profile/32516863/?brand=smx_ypnat-nc

Can I get loan for buying a land in India from bank in Dubai?

I live in Dubai, UAE & as u all r aware that land loans are not sanctioned in India... So does any bank in Dubai give loans for buying properties in India????


i think so if you have a residence vist then it should not bee a problem

Friday, March 6, 2009

Does anyone one know where I should go to propose an available land site to Bank of America for a new branch?

I have acquired a piece of real estate and would like to find out if the Bank of America Corporation might be interested in purchasing it for one of their branch facilities.


I would contact your local branch manager and ask who you need to contact at their corporate offices. Once you get that name, make sure when you call that you state that you have a viable location for a branch that they may find interesting. Do not tell the receptionist exactly why you are calling (remember they are the gate keeper) and you will not get the run around. You can even speak to the assistant (who I'm sure) who can get your message to the right person or persons.

Make sure you tell the receptionist that you want to make an appointment to speak with (whoever is is). That way she won't just say he/she is unavailable.

You could send a letter to BOA, but it will most likely end up in the trash. Most corporate entities have RE brokers identified to seek out properties for them, they don't accept solicitations.

Go to Yahoo answers, pose a question there, possibly a Representative from the bank will see your question and contact you.