Leased land mortgage lenders

    • [PDF File]Manufactured Home Mortgage - Federal Deposit Insurance Corporation

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      • the lower of the current appraised value of the land or the purchase price of the land if the borrower has owned the land for less than 12 months. Underwriting: Loans secured by manufactured housing . must be submitted to Loan Product Advisor®. Delivery fee: Manufactured Home Mortgage loans . have a fee of 1 percent in addition to the ...

    • [PDF File]Guide to Mortgage Lending in Indian Country - United States Secretary ...

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      Can banks make mortgage loans on Indian land? Yes, under certain circumstances. Generally, banks secure mortgage loans with ownership or leasehold interests in real property. In Indian country, the United States often holds the title to land in trust for an Indian tribe or an individual Indian, and such lands are referred to as trust lands. Tribal

    • New dwelling on leased land purchase and sales agreement

      The buyer would apply for a loan to purchase instead of a mortgage. 10. Personal Property and Fixtures: Any outdoor fixtures like a built-in swing set, flagpole, or shed are subject to the approval of the owner of the leased land. 11. Bill of Sale/Title: The seller may deliver a bill of sale or a title depending on the type of dwelling that is ...

    • [PDF File]COMMUNITY LAND TRUSTS: AN OVERVIEW

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      that land. CLTs make it possible for limited-income households to own homes on land that is leased from the CLT through long-term (typically 99-year), renewable ground leases. In a CLT arrangement, the homeowner holds the deed to his or her home but leases the land on which the home sits from the CLT. Key Components of the Ground Lease

    • [PDF File]LEASING & MORTGAGES ON TRIBAL LAND - Minneapolis Fed

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      allotted trust land), can enter into mortgages of their leasehold interest. •25 CFR § 162.003: Leasehold mortgage means a mortgage, deed of trust, or other instrument that pledges a lessee’s leasehold interest as security for a debt or other obligation owed by the lessee to a lender or other mortgagee

    • [PDF File]Financing Homes in Communities - National Consumer Law Center

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      mortgage financing for those who truly need it, the low- and moderate-income purchasers of manufactured homes in land-lease communities. It outlines the primary obstacles to conventional mortgage financing of manufactured homes in land-lease communities and recommends specific policies that states can enact to promote conventional financing.

    • [PDF File]4465.1 CHG CHAPTER 3. GROUND LEASES - United States Department of ...

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      (10) Mortgage amount, by completing a valuation trial copy of Form 2264A. (NOTE: The value of the leased fee equals the value of site "as is" in fee simple, before construction of on-site or off-site improvements.) (11) Annual debt service payments to principal, interest, and MIP. (12) Annual cash flow to equity (after debt service payments

    • [PDF File]How Lender’s Counsel Reviews a Lease - real estate law

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      I. WHY MORTGAGE LENDERS C ARE ABOUT LEASES Leases in place provide a major source of value for com-mercial real estate. The rent pays the owner’s debt service and more. For those reasons, a mortgage lender wants to understand the space leases that affect—and are a crucial part of—the proposed real estate collateral.

    • MEMORANDUM OF UNDERSTANDING RECITALS - Fannie Mae

      Fannie Mae purchases first-lien mortgage loans (the "Mortgages") made by lenders to borrowers for the purchase of one- to four-family residences lo cated on either Trust Land or Restricted Land. 2. Fannie Mae's willingness to purchase such Mortgages is subject to the following: (i) the Designated

    • [PDF File]Fannie Mae and Community Land Trusts for Lenders

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      Fannie Mae and Community Land Trusts An Overview for Lenders Overview Community land trusts (CLTs) are created to preserve long-term affordable homeownership for low- and moderate-income families. A limited-income households purchases the home and improvements at affordable prices and the CLT, in turn, leases the land parcel on which the

    • [PDF File]Full page fax print - Desert Empire Mortgage

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      DESERT EMPIRE MORTGAGE CORPORATION Commercial & Residential Lending (760) 327-2254 Scott J. Simmons Loan Specialist Bus (760) 327-2254 Fax (760) 322-4461 ... Out of area lenders inc01Tectly see lending on lease land as a complicated and difficult process. Because they

    • [PDF File]Structuring Financeable Ground Leases and Leasehold Mortgages

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      that lenders require in making leasehold mortgages, including the term of the lease, the ownership of the improvements, the assignability of the tenant’s interest in the lease, the ability to finance it (and/or the priority of the mortgage over the fee estate in the event of foreclosure), rights to casualty awards and

    • [PDF File]CONSENT TO MORTGAGE (LEASEHOLD INTEREST) IN LAND LEASED FROM THE STATE ...

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      of the Mortgage as said Mortgage relates to or defines Borrower’s and Lender’s rights or responsibilities in any other leasehold interest in real property secured by the Mortgage. In accordance with Article 10 of the Lease, Borrower and Lender seek the consent of IDL to the Mortgage as it pertains to Borrower’s interest in the Lease .

    • MODEL TRIBAL LENDING PROCEDURES FOR: LIEN PRIORITY, EVICTION AND ...

      owner of the individual trust may choose to mortgage the land and consequently risk permanent loss of the land in the case of default and subsequent foreclosure. Allottees or owners of an individual trust are permitted to mortgage properties with the approval of BIA. If foreclosure occurs on mortgaged allotted trust land, the title to the land is

    • [PDF File]Guide to Mortgage Lending in Indian Country - Office of the Comptroller ...

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      Can banks make mortgage loans on Indian land? Yes, under certain circumstances. Generally, banks secure mortgage loans with ownership or leasehold interests in real property. In Indian country, the United States often holds the title to land in trust for an Indian tribe or an individual Indian, and such lands are referred to as trust lands. Tribal

    • [PDF File]Fannie Mae Guidelines on the Valuation of a Property Subject to a ...

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      The leasehold box should be checked if the house being appraised is on leased land or is subject to what is termed a “ground rent”. In brief, ground rent is the rent paid for the right to use and occupy land according to the terms of a ground lease. Although this is uncommon in most areas, there are areas of the United

    • [PDF File]MORTGAGE OF LAND LAND TITLES ACT - Scotiabank

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      Page 1 2158914 (7/99) 1. Definitions Mortgage means the Mortgage of Land, any schedule attached to it and this set of Standard Mortgage Terms; you and your mean each person who has signed or is bound by the Mortgage as Mortgagor; we, our and us mean the lender indicated on the Mortgage of Land, the Mortgagee including our successors and assigns; property means the property described under the ...

    • Community Land Trust Ground Lease Rider (2100): PDF - Fannie Mae

      leasehold lien on the Leased Premises, and shall have priority over the Lessor's reversionary interest. If the Lessor conveys title to the Leased Land while the Specified Mortgage remains on the Leased Premises, the Lease shall remain in effect with the same priority thereto. C. Termination, Forfeiture and Modification of Lease.

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