Discover Affordable Tennessee Land Today
Owner Financing with No Credit Check and No Employment Requirements: Unlock the door to ownership with our Owner Financing option that requires No Credit Check and No Employment Requirements. I believe in making land ownership accessible to everyone and this provides a pathway for individuals may not have the upfront cash.
Here is how the Tennessee Land Owner Financing program works:
First, if you feel you can afford the monthly payments without any stress or hardship, you are approved! There is no credit check, employment verification, etc.
All you need to do to start the process is to choose the property on our website then pay the $99 Down Payment online.
The payment is non-refundable. So please be sure the property and terms are right for you.
We will use something called a Contract For Deed, also known as a Land Contract. While you are making payments, the property remains in our company name, Coastal Mountain Land LLC. When the property is paid in full, a deed will be drawn up in your name and the property will be officially transferred into your name.
If you would like to review this document, please contact me using the form on the Contact Page and we will be happy to send you a sample copy.
HOW IT WORKS?
Here’s How Buying Tennessee Land From Us Works in Three Easy Steps
Select a Property
To reserve the property, complete the checkout form and pay the $150 Down Payment to reserve the parcel. Through the process you will also be able to electronically sign the agreement as well as let me know what your preferred method of monthly payments will be (Auto-debit by checking account, credit or debit card, Monthly email invoices you can manually pay or check/money order by mail.)
Set Up Payments
Your first monthly payment will be on the 15th of the next month. Between now and then, you will be contacted by email to arrange your monthly payment details.
Be a Tennessee Landowner!
Once the property is paid in full (you can pay off early with no penalty), we will close on the property and you will receive the deed.
OWNER FINANCING HIGHLIGHTS
There is no penalty for early payoff. You would save money and we would be happy!
The following rules are an important part of the contract:
a. Buyer will not live on the property or allow any other party to live on the property at any time during this contract.
b. Buyer will not make any alterations to the property without sellers written consent. This includes, but is not limited to: clearing the property, adding structures or fences of any kind, or leaving items on the property.
c. Buyer shall comply with all building, zoning and health codes and other applicable laws for use of said property.
d. Any costs incurred to correct the above, including, but not limited to, trash removal, lot cleanup, fines and permit costs, whether due to the actions of Buyer or others, shall be the sole responsibility of Buyer.
e. Buyer shall not record this contract in the public records of any public office.
d. In the event of a violation of any of the conditions above, Buyer will be immediately in default of this contract.
- Once a year, we pay the property taxes. Then we invoice you for them.
- If your payment is late, a late fee of $30 or 15% of the payment, whichever is greater, is charged.
- We always try to work with people and be as flexible as possible, but at some point, If you default on your payment, or any other term of the contract, we will give you a ten day notice to make things right. After that ten days if you still have not taken care of it, you will lose the property. This will not affect your credit in any way, but it still is something neither one of us wants.
- Like any typical financing, there is interest. In order to be able to afford to extend owner financing to everyone, we need to charge interest. It is 16%. Pretty high, but better than the 24% – 30% on a typical MasterCard! And, again, if you make extra payments, pay off early, etc, you can save money and avoid interest.
- You are buying the property as-is. You are responsible for making sure the property is right for you and you can do what you want to do with it. There are no warranties of any kind, so please do your own research.
- That’s a lot of it. If you’d like to review the document, please contact us using the form on the Contact Page and we will be happy to send you a sample copy.IMPORTANT! Once you pay the down payment for the property on the website, within two business days you will receive the Purchase Agreement/Contract for Deed by email for you to review and electronically “sign”. You will be able to do this online via your computer or phone. The paperwork needs to be signed within 7 days or the down payment will be forfeited and the property will be made available to the public.