i NEED LOAN TO BUY AN UNTITLED LOT AND BUILT A HOME THERE IN?

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i NEED LOAN TO BUY AN UNTITLED LOT AND BUILT A HOME THERE IN?

i AM LOOKING FOR A LENDING INSTITUTIONS THAT CAN GIVE ME A LOAN TO PURCHASE A LOT THAT IS UNTITLED

2007-12-17 14:27:32 · 2 answers · asked by lani p 1 in Business & Finance ➔ Renting & Real Estate

2 answers

How on earth do you plan to purchase raw land which is not titled to anyone ? This is not going to fly, in the least. You MUST have clear title before you purchase.

2007-12-17 14:46:39 · answer #1 · answered by acermill 7 · 0⤊ 0⤋

Buy the lot this year the owner will subdivide and make a title. Draw up the house plans for start in the spring. Your lot will be the down payment collateral for good intent on building a house worth more. Of course he who owns the land owns the new house.

2007-12-17 23:14:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋