How hard is it to get a mortgage on vacant land?

Will banks give you a mortgage on vacant land, just like they would a house?

No There were some companies like Miles Homes that offered some raw land financing as part of what is essentially construction financing, which is usually only available to licensed contractors, or home builders with a track record of successfully building homes that receive "C of O's" in a timely fashion. That was when there was lot's of loan money around probably not now. You could check into it though.

Some will and some will not. Start calling,and if you find one that will you must have excellent credit and the land must be appraised at or above the asking price and they will,in most cases, want 10-20% down.

Your interest rate will not be the same as it would be on a home, and you will have to put down a larger down payment.

When will Israel back off & reduce its land and power in the middle East.?

Israel has more prosperity, less overcrowding and a greater land mass, than the West Bank. Indeed until it gives back some land back to the people their I see no change of actual warfare from both sides in the future. Is there other options on the table or am I wrong in this view.

i would in broad terms agree with some of what you are saying

israel is the more affluent 'player' if you like, it can afford to give both land and money in the long term ideal of producing a stable two state solution and i hope that it make real strides towards doing so.

But I do think that a lot of people see the situation as 'rich' israel being the abuser and exploiter of 'poor' palestinians - and i for one cannot really fault the actions of Israelis who have been the brunt of aggression against them for so long, so it really has two be a two way process where both groups are seen to compromise.

The palestinian people have been badly let down by the people who are supposed to represent them - Arafat, PLO, Fatah, Hamas and probably a load of other splinter groups all broadly dedicated to aggression towards Israel. Once these groups start to soften their stance then there will be a chance of peace - like Fatah and the West Bank, Just like the Jordanians and Egyptians have some form of lasting negotiated peace with Israel.

Simply asking Israel to make concessions without appropriate reciprocation is unreasonable, because as we have seen with Gaza which was handed back to the palestinian authorities, gaza has now become governed by a bunch of extremists who will happily kill both Jew and Arab if they get in the way of their ideology

Israel is a tiny part of the middle east. And prosperity there isn't coming from the land, it's coming from the people. Israelis are willing to work towards bettering their future.. Palestinians want to genocide their neighbors. The difference in attitudes is the major factor in the difference in the quality of life.

israel back off? unlikely

http://www.rediff.com/news/2006/aug/01bidwai.htm

"Last week (July 22), Israeli leaders, including former prime minister Binyamin Netanyahu, celebrated the 60th anniversary of one of Zionism's worst terrorist attacks, on the King David Hotel, the headquarters of the British representative in the region."

these are the sorts of people who control israel. israel will never back off while its politically expedient for the US to prop up their tin-pot terrorist state

because of the terrorist attacks israel has veered to the right, meaning that a more right wing government is going to take control of israel, i doubt it

last time netanahu right wing was prime minister the same thing happened

And here I am, wondering when Israel is going to be increasing its land and power in the Middle East?

Since the Arabs control far more land, why don't you ask them when they will give some up?

When pigs fly

What would be the likely response if any should I choose to write to the Central bank?

Dear sir

It has come to my attention that you and not the government of Canada print money and loan it to the Canadian government . This deception has lead to the average Canadian wrongly believing they as a nation are in debt when in truth the Canadian people have been robbed and held hostage to pay interest on the theft

It has come to my attention that you are not an elected official and that by wrongly lending money to the government of Canada and holding hostage the peoples that you have become the owner of the government and by controlling the circulation of money with no oversight or democratic representation

This is clearly in my opinion a charge of treason and interference with many elected governments Provincially and federally I believe there is ample evidence of a bloodless coup

I therefore ask that you surrender yourself to the nearest RCMP detachment and make a full confession available in order to avoid further costs for a trial

Because you are not the government of Canada the money you have printed is counterfeit and not the currency of this land Because you have used these counter fit notes to purchase to the government you should immediately confess to treason interference counterfeiting and holding hostage the peoples of Canada in a racketeering scheme of absolute evil with the purposeful design in mind of enslaving the peoples of this Dominion

-----------------------------------

What would be the likely response if any should I choose to write to the Central bank

Laughter

A free beating

A restraining order

A job offer

A confused secretary who tosses it in the rubbish bin right away ?

--- Something completely different ?

I think you'll hear the sounds of crickets in the night. Nothing. I think it will get passed up the chain until it reaches the first person who knows what your Central Bank actually is, and then you'll be put on a watch list. I hear there are over 1 million American citizens on the no-fly list (I'm more than likely one of them). I have no info on Canada, but I can look it up.

So Trout, you get the deal with your currency, but you buy right into Climate Change? Why? Don't you realize that they are both being done by the same bunch of Progressive hucksters?

Probably no response. I'm sure your Central Bank probably behaves much like the Federal Reserve does. In America, we have a Ron Paul. In the rest of the world, as far as I know, no prominent politician stands up to the central banksters.

A confused secretary who tosses it in the rubbish bin.

A Bush autograph

Does canada not print thier own money?

Anybody know how much you have to put down on raw land?

Hello my husband and I live in PA and are currently looking into purchasing vacant land to build our own home on in about 2 years. We would like to buy land now and make payments on it for 2 years before we build a house. We currently own a home. I have heard you have to put a certain percentage down but I can't seem to find any information on bank websites about land loans. Thanks!

what is the seller asking for?

there is no specific %

for many years(before the creative mortgage surge) one had to have 10% down for a home and their payments could not exceed 25% of their income

this might give you some guideline but you are not talking a residence

In recent times, about 30% is typical.

Ask a lender.

Could be 25% of sales price or higher in these hard-to-get-a-loan days.

Could even be 30% - 50%.

If the seller will finance it for you, could be ZERO. They might accept payments. This is the difference between institutionalized financing and seller financing. Good luck.

If my land owner has bankruptcy, and my apartment building goes into foreclosure. Can the bank take my things?

HELP!?!?!?!?

YOU ARE SAFE.....however I was in a similar situation....the land owner lost the property...our leases were no longer valid and I had to take the old landlord to court to get my deposit back. The landlord knew he was losing the property and collelcted the sept rent, and then the new owners wanted the september rent as they had not gotten it. all of us had to pay the rents for september and then take the previous landlord to court to get our monies back..he filed bankruptcy so each one of us tenats was out 2,400. for the rent and the deposit x 10 tenants......and we could do nothing about it. the new owners brought us leases to sign where the rent was higher and they wanted a deposit from all of us...I did not sign the new lease and moved.....contact an atty about where to send your rents since the property is in forclosure. the bank may want the money sent to them and placed in an escrow account. contact an atty so that you are not skrewed like all of us were

The bank cannot take your personal property, but they can order your eviction.

Your things are yours.

What is the difference between a land title and land parcel?

Can I use land parcel as collateral for loan at any bank in Philippines?

A Transfer Certificate of Title issued by the Registry of Deeds, which is under the Land Registration Authority of the Philippine government, (not by anyone or anybody else)is the best form of land ownership. It is document that can be sold, exchanged, mortgaged or pawned.

As to the parcels document, maybe you are referring to a Tax Declaration,which is issued by the municipality. You can't mortgage it in the bank. For you to get a land title(if the land is not yet titled), get in touch with the local assessor of your municipality or to the register of deeds in your area, so they can advise you what steps to follow, Bring with you the evidences that you and your family paid the taxes in the past years.

You need to be clear on what is ownership of real property and what is not.

A"Deed of Absolute Sale" is the Official document proving ownership of a parcel of land.

A "Tax Declaration" form is NOT a certificate of ownership. It merely allows you to occupy the land at the convenience of the Government.

Sounds like you are trying to use a Tax Declation Form as collateral for a bank loan. You cannot borrow against property that is not yours.

You may not use the land parcel as collateral to the bank instead the bank requires that you present the lender with the Land Title Certificate.

Metes and bounds is a traditional method of land surveying in which the boundaries of land parcel are recorded in terms of relative directions and distance. The land parcel is also known as the legal boundary of demarcation of two units or more of land/s.

Certificates of Title are documents that may be used to establish the current owner of a piece of property. Along with identifying the current owner, a Certificate of Title will also provide other valuable information about the status of the property, including any existing easements or encumbrances on the land and buildings located on the property. Full disclosure of the status of the property on the Certificate of Title can help lenders and potential buyers to be fully apprised of the current situation of the asset, and thus make a decision about whether to move forward with the proposed transaction.

Along with providing adequate details about the nature of the property, the Certificate of Title will also provide essential information about the current owner of the property. This will include the name of the registered owner and some sort of identifying information that helps to establish the identity of the person named as the owner on the property title. Depending on the provisions required by local law, there may be other identifying information regarding the owner required as part of the body of the document.

The final key section of a Certificate of Title will detail any and all current claims that are in force against the property. These may include mortgages currently in force, loans that have been taken out by the owner and which utilize the property as collateral for the loan, and encumbrances such as a tax lien. Generally, the entity that is holding the encumbrance on the property will also be named in the Certificate of Title, making it relatively easy to verify the current status of the obligation.

A land title is a piece of paper, while a parcel of land is the physical object referred to by the said document.

Going to the Bank with a dump truck containing aggregates from this parcel of land would not be construed by the said commercial concern as "collateral". They always prefer the document, or the title of the land, usually insisting that there are no encumbrances thereto.

A land title is a piece of paper, while a parcel of land is the physical object referred to by the said document.

Going to the Bank with a dump truck containing aggregates from this parcel of land would not be construed by the said commercial concern as "collateral". They always prefer the document, or the title of the land, usually insisting that there are no encumbrances thereto.

WELL YOU NEED TO UNDERSTAND AMERICAN BEFORE ASKING SUCH QUESTIONS YOU SILLY BLOKE:

A TITLE IS LIKE A NAME SEE A MUSIC TITLE AS IN "BAD" OF MJ

AND A PARCEL ? U SHOULD BETTER ASK THAT YOUR LOCAL MAILMAN