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8 Burlap Road
Other, WY 82725
$185,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
35 acres of remote and secluded land in the rolling hills of northeast Wyoming with power to the lot! This parcel offer some great grassy fields (some neighbors hay their fields) as well as a nice ponderosa pine trees on the eastern half of the property where there are some great elevated build sites. On the slopes of a ridge and steep knoll on the east side there are excellent views. Only 25 miles from the community of Recluse (pop 160) or 60 miles to Gillette, Wyoming (pop 32,000). This property is part of the Borderline Ranch and would make a beautiful setting for a secluded home or vacation getaway. Lots of wildlife in the area such as antelope, turkeys, Mule deer, whitetails and Elk along with good upland bird hunting. This area is well know for Hunting some of the Biggest and Best Mule Deer in the nation. The Keyhole reservoir is about 80 miles southeast and has fantastic pike and walleye fishing. Lake DeSmet is southwest about 110 miles and has good Trout and Walleye fishing as well. There are many access sites with campgrounds and boat ramps available at both of these areas. The Thunder Basin National Grasslands are to the southeast, an area where lots of antelope still roam. This is a vast area where you can enjoy the wildlife while hiking through the open Wyoming countryside. Mild covenants, but no HOA for enforcement. If your looking for a quiet escape to get away from it all and enjoy country living, this may be the place for you. Adjoining 35 acres to the east is also available.
Property Information
Lot Size
35 acre(s) square ft
Property Type
Lots And Land
Year Built
--
MLS Number
382171
Location
Address
8 Burlap Road
City
Other
State
WY
Zip Code
82725
County
CAMPBELL
Listing
Provider
Mountainlands of Montana Realty, LLC, original listing
Name
Mountainlands of Montana Realty, LLC
Phone
(406) 580-3372
Office Name
Mountainlands of MT Realty
Office Phone
(406) 580-3372
Agent Name
Cary Porter

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.