Land Auction - For Land You Intend To Invest A Way to Grow Your Net Worth

Developing the land often makes it an investment most people don't want to dabble into.

Florida, FL (prHWY.com) October 23, 2012 - Florida, Oct 23, 2012 - Developing the land often makes it an investment most people don't want to dabble into. But for those who know what they are doing. Others have rules restricting each personal; particularly now that the cities are becoming fuller and the need to expand into the outskirts is becoming necessary.

Land Auction - Many people have been known to be struck by lightning in open fields. So, before anything, get a natural hazards disclosure to help you ensure that the land you intend to invest in, is not a protected habitat. Also, ask for potential hazards that happen around the area frequently and the recommendations for their prevention or control. These are extremely crucial things to do and most people are likely to just jump over it without even giving them any sort of consideration. But if you want to save yourself the stress that comes with lands later, you have to follow and consider them.

Many lenders issue deficiency judgments which hold homeowners financially responsible for the difference between the loan balance and purchase price. Deficiency judgments remain on credit reports until fully repaid and can prevent borrowers from obtaining any type of credit for years to come. Loss mitigators are responsible for many duties. With the influx of foreclosures, it can take two or more weeks before borrowers receive a phone call from their lender. Instead of allowing further delinquency on loan payments, borrowers must be persistent in making contact with the bank.

If homeowners are unsuccessful in making direct contact with their lender, they should send a certified letter of hardship to the lender. Hardship letters should include the details of financial problems, along with any action taken to correct the problem.

Realtytrac - It is important to attach a return receipt request to obtain a signature from the bank representative who received the document. Once the return receipt is received, attach it to the hardship letter and keep for future reference. Each bank's short sale protocol is different and the process varies by lender. In addition to the letter of hardship, most banks require financial records such as earned wages and two years of income tax returns, along with a detailed list of income and expenses.

Most banks require homeowners to have a qualified buyer in place before granting real estate short sale approval. Some lenders will give borrowers time to list their home through a Realtor. Lenders will rarely allow borrowers to list the property as for sale by owner.


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Land Auction - Fortna Auctioneers & Marketing Group is a creative, innovative, people-oriented and technologically-savvy real estate auction firm. Our work consistently delivers personal satisfaction and success, resulting in mutual pride by all parties involved in the sale.

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