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Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don’t qualify for a ...
Yellowstone Club Financing Settled (For Now) Dec. 12, 2008, New West Development website; Trustee Says Blixseth 'Doomed' Yellowstone Club Wall Street Journal - Bankruptcy Beat, Feb. 24, 2010, Developer seeks judge's ouster in Yellowstone Club bankruptcy case Nov. 22, 2010, Billings Gazette
According to a Montana Free Press (MTFP) analysis of revenue department data for the 956,000 properties on the state’s property tax rolls in both 2022 and 2023, the median Montana residential ...
There is a secondary market for seller financed debt instruments. Many companies and investors look to purchase properly structured debt instruments as investments. The criteria for a typical, properly structure seller financed debt instrument would consist of an asset with a good collateralized equity position, an interest rate that is not underperforming the current rate environment, with a ...
In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records office of the county where the property is located. While the seller loses title, the seller retains a vendor's lien in the property for the outstanding balance of the contract. [3]
By 2012, he faced a forced bankruptcy for failing to pay the state of Montana $57 million in income taxes [3] and in 2014 he told the courts he was "too poor" to pay pending judgments and contempt findings for his fraud role [4] in the Yellowstone Club bankruptcy. [5] [6] Blixseth's wealth and assets have been the subject of controversy. [7]
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