Si hablamos Espanol e tambem Falamos Portugues. We do not speak Chinese yet but the Google Translate app works great and I am confident we can communicate with some artificial intelligence assistance.

Yes we can not meet you at the land itself but we can meet at our office in Downtown Mckinney located at 103 E Virginia St Suite 202 Mckinney TX 75069 just be sure to schedule an appointment in advance as we are not always there 100% of the time during normal business hours. We do understand that sometimes our clients have a full work schedule so in some cases we can meet on the weekend or after hours but we just need to know in advance.

No we do not, all of our transactions are in federal and state compliance, to avoid any money laundering practices and/or fraud we can only accept certified funds, cashiers check, money order or ACH eletctronic transfers.

For most of our lots unless specified other wise we charge one set of fees pf $295 for doc preparation fees and document recording. If the listing states a different amount for whatever reason then use that amount indicated.

It really depends on the buyer’s preference. The $205 doc prep fee and recording fee does not include an Owners Title Policy for the buyer so there will just be additional charges for it. Usually that amount ranges an additional $800-$1,200 for the title insurance policy and settlement fee for the title company but that amount is just an estimate and it would change based on the title company that is doing the closing and the insured amount pf the transaction. But YES we can close through our preferred title company at Tiago Title LLC located in Plano TX (they also provide remote closing services for your convenience) or we can close through the title company of your choice. Whoever will handle the closing will be instructed on our initial sales purchase contract that is signed by the buyer (you) and the seller (us). In the event that the buyer chooses to not purchase through the title company due to costs restraints or whatever reason we will then do a courtesy title run and provide all title work (chain of title, vesting deed, etc.) from when we purchased the land itself, all of our properties and listings are owned by us. So we are the ‘seller’ and the ‘lender’ in the case of an owner finance sales. We also provide proof and statements that all property taxes are up to date and paid through the time of sale and HOA fees if applicable.

We accept ITIN numbers, we do need a Tax ID on file for every borrower that was issued by the IRS.

We understand most of our owner finance buyers do not have perfect credit and some of them do not fit the ‘traditional’ lender profile box otherwise they would just get a standard mortgage through a bank and not pay a ‘premium’ for owner financing, and by premium I mean a slightly higher rate than what banks charge for prime rates due to the extended risk to us (the lender) by providing credit on an ‘out of the box’ approach but still a ln interest rate that is reasonable and allowed without obstructing any ‘Usury Law’ and staying 100% compliant with federal and state laws.

To stay in compliance and within regulation we have to check credit in order to extend credit to a borrower however we do not base our decision solely on credit scores and credit reports. We underwrite and take a look at the entire file and borrower and analyze their ability to repay the loan and additional monthly expenses that will be incurred with your new land, we strive to not approve loans that have a debt to income ratio (DTI) above 50%, that is taking a look at your household income with all reported expenses. The last thing we want is to place you on a loan that you cannot afford and might make you go into a hardship situation and eventually us having to foreclose on the loan.

Yes we do have the option to report to all credit bureaus and we start reporting your payment history after the loan is originated and you have closed on your land.

*Written application (or our online form 1003 located at ‘Apply Now’)

*Copy of government issued ID (passport, DL, ID, CDL)

*Copy of social security card or ITIN letter

*Proof of income past 60 days paystubs or deposits

*Past 2 years most recent tax returns (all pages) *Past 90 days bank statements

Yes you can! In addition to the document list above for every borrower we would also need your company resolution documents, they include:

*Certificate of Formation

*Fact certificate (in good standing and Active with the State)

*EIN letter *Articles of Corporation

*Operating Agreement (shareholder agreement)

All company owners above 10% ownership would need to sign on the new loan or have a corporate resolution agreement authorizing the primary borrower to sign the new loan under the company.

Its fairly simple, first pick up what land or listing you are interested in, check availability before doing any due diligence, our inventory is always changing fast, if still available do any due diligence you feel its necessary, once confirmed you want to move forward contact us, if it is a cash sale we will go under contract and schedule your closing. If owner financing we will need your application filled out first with all your documents required provided, after approval we will go under contract and schedule your closing.

Typically no, is there any particular reason you havent filed your taxes? Unless an out of ordinary situation we would need your past 2 years most recent tax returns (all pages) or filed extension receipt.

You do need consistent and predictable income in order to get approved and afford the monthly payments. We underwrite and take a look at the entire file and borrower and analyze their ability to repay the loan and additional monthly expenses that will be incurred with your new land, we strive to not approve loans that have a debt to income ratio (DTI) above 50%, that is taking a look at your household income with all reported expenses. The last thing we want is to place you on a loan that you cannot afford and might make you go into a hardship situation and eventually us having to foreclose on the loan.

Yes your monthly mortgage payments will need to be made online using our ‘Online Borrower Portal’ with an account number and routing number for electronic payments (ACH) there are a lot of ‘card’ and services that do offer that ability and option without having a bank account, but you would need that ability in order to make your monthly payments. Every month you will receive your mortgage statement via email with your outstanding payment due according to your Loan Amortization Schedule during the duration of your loan.

You can build right away from day one, you do not need to pay off your loan in full before building or moving your home to it. Just keep in mind that we will have a ‘Deed of Trust’ and a ‘Warranty Deed with Vendors Lien’ against the property (just like of you were going through a bank for a traditional mortgage, they would place a lien in case you do not make a payment) that is what protects us in case of default or non payment on the loan that gives us the ability of the Security Instrument for us to Foreclose and get our land or collateral back so we can recoup or loan investment. And with that said, if you financing your new construction or homes a lot of times they would not want to be on a junior position so they prefer to finance the land acquisitions purchase loan as well so you would refinance your existing loan with them but that is dependent on your new lender and their reauirement or preferences.

Yes just like if you were going to a bank and getting a traditional mortgage, it works the exact same way. You get the deed/title of the land and we have a lien agains the collateral or land that protects us and our investment. In the case of a default or non payment, that lien would allow us to legally foreclose and retain the deed/title of the land back to us. Your closing package includes a Promissory Note (Mortgage), Note Schedule Amortization (how the principle and interest are applied on every payment throughout your loan term), Deed of Trust (this is the security instrument that protects us the lender) and Warranty Deed with Vendors Lien ( this give you the deed and ownership of the home, title - subject to our Lien from the Deed of Trust) and finally the complete Disclosures package.

We do have that ability though our sister company and affiliates. That would be a separate transaction and unrelated to the land purchase. The bottom of this page should have links of those services that would give more information on how that would work.

For most of our land notes, unless specified on each listing and on contract, we do not connect escrow, meaning we do not collect property taxes and insurance every month with your mortgage payment, your monthly payments would be for your PI principle and interest and any loan service fee that applies. You will be responsible for paying the property taxes directly to the county or city every year when they send out the statements and to the HOA annual dues if applicable. For just the land we do not require any type of hazard homeowner insurance. You will need insurance after your building is there.

Yes! You can prepay your loan or refinance at anytime without any penalties or extra fees whatsoever. On your closing there is a Note Schedule Amortization table that explains how every single payment is applied towards the principle balance of the loan and towards the interest. Whatever principle loan amount is due at the date of payoff or refinance is the only amount that you will be responsible for. All of our loans are fixed rate, we do not offer adjustable rates or ARMS, you do not need to refinance your loan if you do not want to or you do not feel the need to, there is no problem at all on not refinancing and keeping your loan exactly on how it was originated until your pay it off per the terms agreed.

We do not, each location is different, depending on the area we have some names and contact that we can share with you. However, we make no warranties, guarantees or endorse any certain company or contractor, we cannot be responsible for anything they do or say and obviously not the work they offer. We always encourage buyers to get at least 3 bids from every service needed from reputable companies and compare the 3 quotes based on which one better serves you needs, not necessarily just prices but the service in its entirely and whats a perfect fit for you.

Yes we do everything by the book, everything and all paperwork is done according to Federal and State law along all Property Code and Consumer Financial Codes regulations and compliances. All of our paperwork is prepared by licensed state attorneys and very experienced in the industry with an incredible track record and reputation. We have several past and repeat customers that can share their experience and testimonials. We have several case studies examples that can be shared with you and most importantly we have example of documents and contracts of transactions that happened recently and years ago. Every single one of our transactions have a record and paper trail. Be sure to look at the bottom of this page for our Public 3rd party reviews and our ‘Contact Us’ page for more links and information.

You legally own the land, just like the bank cant just take it back, the state would follow its probate procedures and the land and any other asset you own would be passed on to your beneficiaries and heirs. We always encourage our buyers and borrowers to have a written will in place and advanced directives on your wishes. But no we would not just take the property back, it would go to your heirs and they would have the option of what they decide to do with it after they inherit, if there is an outstanding debt on your land your estate would eventually settle the debt or sell the land to pay off any liens and in the event the outstanding loan would go into default we would then give all legal notices of outstanding amount dues and of no resolution, only then we would then start the foreclosure process.

Your loan is due on the 1st of every month, please do your best to pay it by the due date, you do have a 10 days grace period so after the 10th of every month on the 11th day your loan is considered late, we charge a 5% late fee charge. If your payment is returned by the bank due to non sufficient funds (NSF fee) there is a $35 charge per returned payment.

I'm really sorry to hear, believe it or not, we have heard it once or twice before, we always advise couples to consider that when purchasing real property together. Fortunately, we cannot get involved on disputes and it would be a conflict of interest for us to have any day so, we cannot simply remove someone’s ownership on real property, you would need contact a real estate attorney to prepare any necessary document (quick claim deed) or whatever solution the would legally advise you to do, I al confident you can find a resolution together. If there is anything we can do to help we are here to assist.