what to do when land isnt selling: Land Sellers and Developers Take note, options in a slow market
- 11/10/17 10:53 AM
LAND SELLERS’ AND DEVELOPERS TAKE NOTE: What are the risks and rewards of land subordination, when a land owners’ is willing to be in a second position behind a construction loan. There are many stalled land development projects, subdivisions or simple home sites for sale. When a land seller wants to get some kind of deal going, here is an option to look at. Find a builder willing to speculate on a home, even if he is not interested in an out right land purchase. The seller will take the risk of waiting for a pay off whose note is in second (2 comments)