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Get Application Of Interest In Assuming A Land Contract Of A Residential Property - Thelandbank
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How to use or fill out the Application Of Interest In Assuming A Land Contract Of A Residential Property - Thelandbank online
Filling out the Application of Interest in Assuming a Land Contract of a Residential Property - Thelandbank is an important step in securing a land contract for a residential property. This guide will walk you through each section of the form to ensure that you complete it accurately and efficiently.
Follow the steps to fill out the application correctly and effectively.
- Press the ‘Get Form’ button to acquire the application form and launch it in your preferred editing tool.
- Fill in your contact information, including your name, mailing address, daytime phone number, and an optional email address.
- Provide your income information by listing the name of your current employer or source of income, along with the mailing address and contact phone number.
- Indicate your amount of monthly income clearly in the designated field.
- Enter the property information by specifying the GCLBA property address and parcel ID number.
- Prepare to submit any required documentation, such as proof of income, utility bills, a valid photo ID, and details of your current or most recent landlord.
- Describe the condition of the property and include the address.
- List two references, including their names, daytime phone numbers, and how long you have known them.
- State your down payment amount, ensuring it is at least 10% of the sales price or as otherwise agreed.
- Include a $107 closing deposit, which must be in the form of a cashier’s check or money order.
- Review the statement of understanding regarding compliance with GCLBA Policies and Procedures, and ensure all information is accurate.
- Sign and date the application to confirm the accuracy of your information.
- Submit the completed application to the Genesee County Land Bank Authority, along with any required documents.
- Allow at least 90 days for your application to be processed and for you to be contacted.
Begin your application process online today to ensure a smooth experience.
Land banking is a passive investment. Once you've purchased the land, there's not much else you need to do. You can sit back and wait for the land to appreciate in value. This can be a great investment strategy for people who don't want to deal with the hassle of being a landlord or flipping houses.
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