buying a lot of land

[mystic one]

please read the post above.. furthermore.. when you pay off all liens, and record your name. what name do you record it in., since the rule is us citizens can not get land patents.????

Originally Posted by mystic one

please read the post above.. furthermore.. when you pay off all liens, and record your name. what name do you record it in., since the rule is us citizens can not get land patents.????

Please qualify your claim that US citizens cannot get land patents. If you would provide both citation of statute and perhaps if available, case citation, it would be much appreciated.

Jerry.

[palani]

Mystic one

Seller can sell you the property on a quit claim deed (gives up whatever interest he has) or a warranty deed (agrees to stand behind his claim to be able to sell you the property).

The abstract will list all previous transactions of that property. The patent goes to the original owner, his heirs and ASSIGNS, which is you.

Corporations can get land patents so U.S. citizens shouldn't have any problems getting them.

[mystic one]

ok thank you for clarifying this for me..

so, what people are actually buying is deeds when they buy a lot , which is just selling warranties from person to person, while they tax us.. it works on the same principle as the real estate above the land.. they tax the land, because until you patent it in your name, your just selling the fictiious deeds from person to person, which only gives you "equitable interest" just like the ficticious mortgage.. is my logic correct? it works on the same principle as the house.

building your own house w/o a mortgage- you own it, the bank doesnt it. as soon as you attach a mortgage it becomes colarable and ficticious, since they can tax tha land on up and foreclose the house.

tha land works the same way.. the deeds are sold on a day to day basis, but they can foreclose on the land , if you dont pay property taxes, since a warranty/land deed is the colorable title. layering over the land?

[idknow]

Originally Posted by charlesa6

It seems to me like conspiracy. In this forum somebody tries to tarnish your image, Idknow.

Charles, I have more faith in the people who have been here longer than "it"

they know who I am.

[palani]

I don't believe the LAND is being taxed. I don't think they can do that. Property tax is called an AD VALORUM tax or a tax on the value of the property. You could also say they are taxing the paper that proves you are the owner. If you don't pay the tax the sheriff will prove to you that you are not the owner by ejectment proceedings and proceed to issue another piece of paper to the buyer of the tax liabilities.

The process seems pretty clear and if I were going to test it I wouldn't try it with the most expensive property. Find a few acres of desert land 50 miles from a city. Even if they did eject you it could be several years before they make it back again to find that you didn't leave.

[idknow]

Originally Posted by palani

I don't believe the LAND is being taxed. I don't think they can
do that. Property tax is called an AD VALORUM tax or a tax on the value of the
property. You could also say they are taxing the paper that proves you are the
owner. If you don't pay the tax[,] the sheriff will prove to you that you are not
the owner by [invoking] ejectment proceedings and proceed to issue another piece of paper
to the buyer of the tax liabilities.

The process seems pretty clear and if I were going to test it I wouldn't try it
with the most expensive property. Find a few acres of desert land 50 miles
from a city. Even if they did eject you it could be several years before they
make it back again to find that you didn't leave.

Palani, there is a fundamental error in your post: that is, that objects subject to
ownership (Man is not an object) are not subject to taxing.

Someone, a person (common usage), must have a liability to owe then pay a tax;

The Proof is that un-owned land is never taxed, it sits "fallow" to use a farming term.
Nor do taxes accrue upon the un-assigned land.

This also applies to corporations.

as a class of objects, real-estate is subject to taxation.

Btw, by "taxation" I mean every actual tax, fee, duty, impost, consumption tax
levied by government in exchange for something, including lotteries.

real-estate does not refer to the land; it refers to the appurtenances there upon.
the building put upon the land. it also refers to the "paper-work" made to make
the land into a commerically interesting thing to own.

thanks for the post.

(btw, the [] in the first paragraph are mine)

[palani]

Idknow

Thanks for the clarification. Of course anything I post is for the most part opinion and reasoning, hopefully not wrong all the time. I believe I could look at the subjects discussed on this board for a decade or two and at most all I would end up with is an opinion to base an action upon. Every perspective is appreciated.

I have heard that un-owned property due to tax siezures are placed in the name of the sheriff. I don't know if this is the case or not but if tax bills continued to accrue without ownership he would have quite a large budget.

I can also attest that the county (state) can forgive or delay property taxes. Land that is placed in the forest reserve in this state incurrs no property tax presumably because society wants to preserve trees (druids you say?)

Originally Posted by mystic one

building your own house w/o a mortgage- you own it, the bank doesnt it. as soon as you attach a mortgage it becomes colarable and ficticious, since they can tax tha land on up and foreclose the house.

OK.. what substance are you going to use to purchase the necessary building materials?

Hmmmm.

FRN's and other debt instruments that relate back to FRN's are immediately colorable and have a first lein already attached. See FAQ located on the US Treasury website: http://www.treas.gov/education/faq/c...l-tender.shtml second question with related answer.

"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them."

Jerry

[RickA]

"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them."

Simply put, for me, that means, that all things obtained by way of frn's are on the auction block.

So, if one were to stand on the land and make way from what is on the land, would one's things then be placed on the auction block?

Warning
The whole of the above is common usage.