OWNER-FINANCED: Lake Arrowhead, CA - Large Home Site, $1 Down & as low as $237/mo.

Full Description

Lake Arrowhead, CA - Residential Lot w/ Access & Nearby Power, Near the Lake! Up for auction is a residential lot in Lake Arrowhead, CA in San Bernardino County. The land has access via Elder Drive. There are homes in the two adjoining lots to the west. The property is about a mile to Lake Arrowhead and Papoose Lake. Buyer should research development potential. THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $14,900. The interest rate is 9% and the duration of the note is 8 years. On a $1 down payment, the monthly payment would be approximately $253/month, including principal, interest, property taxes, and servicing fee. There is no prepayment penalty to pay the note off faster. If you sign up for automatic payments through a credit card or ACH from a checking account, the interest rate will be lowered to 7% and the payment will be about $237. The down payment (which will be equal to the winning bid) and a deed preparation and recording fee of $199 will be due within 3 business days of the auction's close and may be paid by PayPal, cashier's check, or wire transfer. The note would then be set up and serviced by a loan servicing company (it must be signed within 14 calendar days of the auction's close). All monies paid are non-refundable. PROPERTY WILL BE CONVEYED CLEAR OF ANY LIENS OR BACK TAXES! PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID! The following info was provided by San Bernardino County and should be verified prior to purchase. Address: Elder Drive, Lake Arrowhead, CA 92321 County: San Bernardino County APN: 0330-042-25-0000 Legal Description: TRACT 2898 LOT 228 Lot Size: Approx. 0.16 acres Property Taxes: $290.29 Additional Information Still have questions? Click on "Ask a Question" to ask any questions before you bid. Auction Disclaimer All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction. Thanks for looking and good luck with your investments!