InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Nope... Posted by Rick Harmon on August 30, 2010 at 10:08 AM In Reply to: Re: lease land posted by SSinOC on August 29, 2010 at 10:59 PM There properties in CA on leased land, not fee simple. The lender likely knew about that and made the loan subject-to the remaining term of the lease and naive bidder(s) didn't fully check condition of title. What makes you think the land lease would go away? I've made plenty of private money loans on leased land; usually near Palm Springs, Irvine or Huntington Beach. We just make sure that there's at least 10 years remaining on the lease beyond the maturity of our loan. There's always something new and interesting to learn in this business. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : There properties in CA on leased land, not fee simple. The lender likely knew about that and made the loan subject-to the remaining term of the lease and naive bidder(s) didn't fully check condition of title. : What makes you think the land lease would go away? : I've made plenty of private money loans on leased land; usually near Palm Springs, Irvine or Huntington Beach. We just make sure that there's at least 10 years remaining on the lease beyond the maturity of our loan. : There's always something new and interesting to learn in this business. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455