Land Investment Opportunity State by State (LA756)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

Steven Butala:                   Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:                            I'm Jill DeWit, broadcasting this time from beautiful San Diego ... Excuse me. San Francisco, California. How funny is that?

Steven Butala:                   Today Jill and I ... We're having so much fun she doesn't know where we are.

Jill DeWit:                            I don't know where we are.

Steven Butala:                   That's really what's happening.

Jill DeWit:                            Yep.

Steven Butala:                   Today, Jill and I talk about land investment opportunity, state by state. I'll call off the states. We'll talk a little bit ... Like for example, is Montana a good place to start buying and selling land? Is Ohio?

Jill DeWit:                            Idaho.

Steven Butala:                   Yeah.

Jill DeWit:                            New Mexico. This'll be fun.

Steven Butala:                   It should be fun yeah.

Jill DeWit:                            I love it.

Steven Butala:                   It should be not boring. Everybody has to live in a state or two.

Jill DeWit:                            They do. It helps.

Steven Butala:                   Turns out, I have a lot to say about this. Just like most things.

Jill DeWit:                            Exactly.

Steven Butala:                   Before we get into the topic today though, let's take a question posted by one of our members on the LandAcademy.com online community, it's free.

Jill DeWit:                            Okay. Nick asks, "I relisted and sold a property this Friday afternoon to someone that happened to be a neighbor."

Steven Butala:                   Yeah.

Jill DeWit:                            "Real nice guy. Excited to get the property. Met him at the bank, and closed the deal. He went to the property today, which is Sunday to discover that the defaulted buyer has his truck, fifth wheel and dog on the property, so he is squatting. I never knew he was living on the property and don't think he moved on until after he defaulted. I called the sheriff's department to go kick him out, but the deputy called me back and said it was a civil matter and I needed to foreclose on him by filing through the William Justice Court. Is the deputy wrong and just being lazy? Or do I need to get a court order to vacate? He said it was a landlord/tenant issue. The property's in my name, he was going to get deeded the property after the final payment in full was made. I have the original copies of all the paperwork, including all electronic correspondence. I'm no lawyer, but it seems that he is criminally trespassing on property and the sheriff's department should remove him."

Steven Butala:                   Yeah.

Jill DeWit:                            "I was under the impression that by using a land sale contract, it negated the need to go through foreclosure."

Steven Butala:                   That's correct.

Jill DeWit:                            "I would appreciate any insight on this issue from anyone that has dealt with this issue before in ...", do you want me to say the county?

Steven Butala:                   In a northern county in Arizona let's say.

Jill DeWit:                            There we go. "I'm meeting with the buyer tomorrow night after work to give him his money back." Aww.

Steven Butala:                   Aww. That's the real tragedy there.

Jill DeWit:                            Yeah. I hate hearing that.

Steven Butala:                   Me too.

Jill DeWit:                            What do you recommend?

Steven Butala:                   I'm not an attorney either. I have to say, this is a very, very rare situation. If you're a new person listening,