Description
A “$1 down
foreclosure special” wherein 40-acres of land
can be acquired for as little as $1 down and $159
per month ($15,880)! This rare opportunity
represents an incredible bargain! Unlike stocks
and some other assets land never “goes out of
business” or ceases to exist and always remains
– and it can be used and enjoyed! History
proves it is practically impossible to lose money
owning land if acquired cheap enough and held
long
enough. (JR 26B)
Size: 40-acres
Price: $15,880 ($397
per acre) payable at $159/mo or less
Legal: NE1/4 NW1/4 SEC
12 T13N R4E, Butte County, SD (JR 26B)
Property Taxes:
Approximately $240 annually
Type of Auction: This
is a “$1 down foreclosure special” auction
wherein you are bidding on the down payment only
(which is subtracted from the purchase price). The
initial bid must be at least $1 with subsequent
bids in increments of at least $1. The remaining
balance is amortized over 186-months including 9%
interest and there are no prepayment penalties.
Thus if the winning bid for the down payment was
only $1 then the balance of the purchase price
($15,880 minus the $1 down = $15,879) would be
payable at $159 per month! There are no credit
checks or qualifying of any nature as everyone is
guaranteed financing. In addition to the winning
bid there is a $199 fee for document
preparation.
Improvements: This is
raw,
undeveloped land and no improvements or homeowner
services of any nature are being represented.
Directions: From Belle
Fourche, South Dakota proceed north on Hwy 85
approximately 30 miles to the intersection of Road
168 (which goes back to the southeast toward
Castle Rock);
from this intersection proceed north on Hwy 85
approximately 4 more miles and note the location
of the parcel off to the west as marked on the
map with the arrow.
Contact Person: Doug
Caffey (800) 421-7163 or
dougcaffey@gotacres.com
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