No Hassle

No Credit Check Financing

 

There are no credit checks, or background checks. Everyone is pre-approved. All parcels can be paid in cash or owner financed. Clients who choose to pay in cash and those who choose the one year finance option receive a discount on the parcel they select.  Credit references and background checks are not required for financing.

All parcels are sold with a flat processing fee that helps to partially cover the cost of documents, the survey, property sales tax, transfer fees and other related costs. There are no separate costs associated with the finance options offered.

The present finance options, unless otherwise stated in the individual parcel or subdivision information page, are the following:

           1 Year     9%

              3 Year 12%

              5 Years 13.8%

The first payment is always due 30 days from the date of deposit. All deposits to secure the property are not refundable. Finance rates and terms are subject to change.

How does the finance process work?

1.  Use a financial calculator to determine the monthly payments before property tax is added. We can provide amortization tables once you select your payment option.

2. Next add the estimated annual property taxes. If the annual estimated tax is $200 then add $16.67 to the monthly amount to get your actual monthly payment.

3. Tell us your option and we will send you the Contract for Purchase and Sale of Land Document.

4.  You will need to have the document notarized and returned it to us within 10 working days.

5.  We will review and sign the document.

6.  We mail the original document back to you along with the payment coupons and that’s it!

        It’s simple and quick.  The contract for Purchase and Sale of Land Document details all your rights and our rights in relation to the property according to the laws of the state in which the parcel is located.

      Once all payments are completed, depending upon the location of the property (state) we will either process the property transfer ourselves or a law firm will handle the closing. Please ask questions before hand concerning fees and closing costs. In NY we handle all the closing processes. In Tennessee, we use a law firm to handle the work for us.