Lender owned land. I foreclosed on this property last month.
I'm offering owner financing with 20% cash down.
Perfect for horses or your homesite.
Has a pretty good sized pond or tank.
I've never seen this land.
With a $130,000 price and a $30,000 cash down payment and an interest rate of 9% makes the payment on the $100,000 owner financed mortgage $1,000.00. As the owner, you will be responsible for the property taxes. This would be a 15.5 year loan. That's 186 months. There would be no prepayment penalty. You can pay it off early with extra monthly payments or you can refinance anytime.
See Sheriff Office appraised values: https://sheriffsaleonline.azurewebsites.net/sheriffsaledetails/calcasieu?suitSheriffSaleId=25279