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Land contract
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jd8850
Posted 7/28/2025 22:12 (#11312631 - in reply to #11312593)
Subject: RE: Land contract


Roseglen, North Dakota
Another way is for current mortgage bolder to sign a waiver allowing bank to cone on property and repossess the new building.
I know this works if bank is not a dingbat.
35 years ago bought a farmstead on contract for deed.
Borrowed money from FSA to put up bins which they had a mortgage on sitting on land I didn't have title for.
Previous landowner signed and it was a done deal and the lender was the US Govt.
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