Posts: 1,059
Threads: 97
Joined: Mar 2009
Cleaning out my desk, came across a letter we got 3 months ago from LandProspector.com, offering $10K for a 1-acre vacant lot we own in HPP (half page contract included). They're apparently in Minnesota.
After I stopped laughing, I put it aside w/thoughts to ask fellow punawebbers if they had gotten similar come-on. I guess I can't blame them for trying.
Anyone else get a letter?
Posts: 11,018
Threads: 750
Joined: Sep 2012
Yes, I didn't bother to put it in my desk though. Straight into the can.
I seem to remember a similar letter once or twice in the past. Back when some lots did sell for $10,000.
I don't think tax auction lots in HPP even sell for that little any more, so most likely the Land Prospector paid a lot of money for stamps with nothing to show for it.
Four people are in a room and seven leave. How many have to enter again before it's empty?
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves
Posts: 1,261
Threads: 55
Joined: Nov 2005
I got a letter last year from some guy wanting to sell me a lot near mine, not next to mine, then went on to say; "or maybe I'll just put an old trailer on it." Was that some sort of financial threat?
Posts: 1,059
Threads: 97
Joined: Mar 2009
HOTPE - This is why my desk is such a mess!
leilaniguy - def a threat. how weird is that? You could've replied: "No problem. That's where I dump all my rubbish anyway."
Posts: 364
Threads: 14
Joined: Jun 2012
I got a letter last week from a land acquisition company in Las Vegas called Ekods offering $1500 for one of my 1/5 acre lots in Nanawale. I have five lots total for a total of one acre. The whole property is pretty much landscaped and maintained. It would have been laughable if it were not so insulting.
Posts: 7,734
Threads: 686
Joined: Jun 2011
We are owner financing a property (as the owners) and we regularly get offers from First National to buy out our note. For chits and grins I filled out their form (they needed details about interest rate we charge, payments made/payments left, etc) to see what their offer was and it wasn't horrible. They were willing to pay us what the buyers owed minus about 15%, plus of course they were hoping to earn all the interest the buyers would be paying.
Of course it's a far better deal for us to continue our current arrangement but it's good to know that if we needed to cash out the value quickly we have an option that's not horrible, and I'm guessing that the offer we got was potentially negotiable.
