Some of people try and then others look like they are just don’t careMeant as not seen anyone make improvements to building or land. It was many years ago beautiful land.
Some of people try and then others look like they are just don’t careMeant as not seen anyone make improvements to building or land. It was many years ago beautiful land.
Some of the people try and then others look like they are just don’t careMeant as not seen anyone make improvements to building or land. It was many years ago beautiful land.
Myland, "they were no different than other when it comes to land." Are you sure about that? Or are you comparing them to the worst or the best? By your reasoning....W's actions are no worse than others, because others kill, too?The Wagner’s are not the only ones in Pike County that sales they on land contract. Several names come to mind they were no different than the others when it comes to land.
No sorry that is not what I meant. I meant their land dealing don’t prove guilt because there are several people in the area that do the same land dealings on a larger scale. And no I don’t think those others kill people. Yes there are other ways to sell than land contract but some people can’t go that way and they choose land contracts . JMOMyland, "they are no different than other when it comes to land." Are you sure about that? Or are you comparing them to the worst or the best. By your reasoning....W's actions are no worse than others, because they kill, too.
Mind if I take a stab at being devil's advocate?? There are other ways to sell property OTHER THAN A LAND CONTRACT....A
I agree
The people who bought on land contact knew what they were doing. We can’t expect her to give property away. Very common in the area to have lots of move in and move outs.
Don't you suppose a feeling superiority enabled her conscience to excuse the predatory nature of her real estate transactions? She felt superior to the souls sucking into her land schemes, thinking them unsophisticated fools who were poor because they deserved no more. If you look down on folks from a mountain of superiority it's easier to take advantage of them. Even down to murder.
It's been rumored that Fredericka's husband couldn't read. George III has a 7th grade education. Imo, it's likely that Jake and George IV have learning disabilities.What a way to control your offspring but to school them at home. IMO of course, but think of reasons you might go this route. Problems st school could be a reason be it behavior, learning issues or a desire to limit exposure to outside ways of thinking. Who would know how you molded their young minds? Parent taught philosophy. IMO
Why? Maybe started out protecting the cubs from the hard-hearted public school system. Meant to be good, probably took courses in education online and became self-taught expert. Dr. Google is quite the professor. (IMO+dash sarcasm?)
Just IMO as of course I'm not bashing the diligent and dedicated home schoolers no doubt reading this, but whoever was teaching the offspring had a lot of influence. IMO
I'll leave it at that with the addition of on-site religious training.
A perfect inferno was forming...
IMO
Hi! First time poster though I have been following along. I can’t figure out how to insert a quote - the one I copy is not the one that ends up pasted. Anyway, they are the posts about the attornies and if FW is paying for all but JW. In each of the arraignment videos when the judge is discussing the defendants right to an attorney , he states that the attornies were appointed by the court. I believe that indicates they all have public defenders and only FW has a private attorney.
CIA, bbm... Unfortunately, the "ins and outs" of mortgages, qualifying etc could take up thousands of pages of arguments. But I do know "contract of sale" really benefits the seller....the seller never has to relinquish the title/claim until the last payment is made! The poor buyer usually doesn't understand that part of it. I personally have no problem with carrying a small note to help a buyer.....but NEVER at a higher rate than they would pay on any 1ST or 2ND mortgage they got through the bank. People tell me I am too soft-hearted or that I am stupid for not asking for more...Most land properties aren't up to code to pass mortgage inspection approval. Hence, the number of land contracts in country areas.
When my brother/SIL lost their home because they accidently signed a balloon mortgage, then came due as a surprise 10 yrs later, I tried telling them this too "You signed it. Not just one of you but both of you." Two people failed in 1 out of the 3 most important parts of a mortgage (terms: interest rate, monthly payment, and life of loan.) Sign a contract, it's your due diligence responsibility.
bbm, Not if they are educated in the "pro's and con's" of a "contract of sale" vs "a seller carry." I prefer to do real estate transactions on a "win/win" approach. "Contract of sale" is one of those "gray" areas. Sure it is legal, but it seldom is the best for all parties. I was just thinking about the numerous deals I have had over the last 30 years, and ironically, the only one that ended back in my lap was a sale to an attorney. Go figure, lol.No sorry that is not what I meant. I meant their land dealing don’t prove guilt because there are several people in the area that do the same land dealings on a larger scale. And no I don’t think those others kill people. Yes there are other ways to sell than land contract but some people can’t go that way and they choose land contracts . JMO
MYLAND bbm... Is that your opinion or your defense of a business practice that has been outlawed in almost every county in the world? IMO "CONTRACT OF SALE" is one step above "indentured servitude." Can you give specifics on why a contract of sale is beneficial to the purchaser, other than hiding from the IRS or legal creditors, that you are purchasing an asset or selling an asset????No sorry that is not what I meant. I meant their land dealing don’t prove guilt because there are several people in the area that do the same land dealings on a larger scale. And no I don’t think those others kill people. Yes there are other ways to sell than land contract but some people can’t go that way and they choose land contracts . JMO
I've purchased a home on land contract previously. That was THEE way to go back in the 80's because of high interest rates charged by banks. Land contract: Almost zero closing costs, lower interest rates. Never made a late payment. Actually negotiated years afterwards for a lower "full pay off" amount. It was "win win" for all parties involved. My dumb dumb brother/wife accidently signed off on a balloon mortgage and found out 3 months prior because the bank was giving them their "heads up." Of course, they lost the house. We went through a realtor, he did not. Anywho, since lower interest rates land contracts aren't seen that much these days. UNLESS, you're unscrupulous/expect a high owner turnover because you've purposefully just sold to someone you KNOW won't/can't pay. Rinse, wash, repeat. The land remains in your possession forever really. Also, real estate is a money-laundering slush fund.
MYLAND bbm... Is that your opinion or your defense of a business practice that has been outlawed in almost every county in the world? IMO "CONTRACT OF SALE" is one step above "indentured servitude." Can you give specifics on why a contract of sale is beneficial to the purchaser, other than hiding from the IRS or legal creditors, that you are purchasing an asset????
"Indenturees usually enter into an indenture for a specific payment or other benefit, or to meet a legal obligation, such as debt bondage. On completion of the contract, indentured servants were given their freedom, and occasionally plots of land. In many countries, systems of indentured labor have now been outlawed, and are banned by the Universal Declaration of Human Rights as a form of slavery."
I know my explanation may seem archaic, but it did begin in the Appalachian area when poor people were trying to get a foothold on a future, in colonial times. I don't want to come across as mean, or ill tempered, but deeper exploration into its origins need to be addressed. It is not the best business practice...IMO. Just because others do it, is not the point or a good defense of the practice. Again, IMO. In my opinion.
RSD12OO, bbm, I agree, if the intent is "not as a revolving door of broken dreams and sadness."The 80s were very lean years in our neck of the woods. That's when I first heard about land contracts. Although I've never been in one, they can be mutually beneficial if done properly, and not as a revolving door of broken dreams, and sadness.
bbm, but the seller is not really taking a risk...receiving mortgage interest on a 4.5% NOTE is a lot higher than the seller would get if they put their money in a Certificate of Deposit. As I state before, "not the best business practice" IMO, if the transaction is NOT structured as a win/win for BOTH parties.Land contracts can be beneficial to those with problems getting a traditional mortgage but have the cash flow to keep up with payments. Not the ideal situation, but the seller is taking a bigger risk than a bank would so a higher interest rate would be understandable. Do I believe that a seller should gauge the buyer or only sell to people they know will default? Absolutely not.