Yesterday you learned how Jacob said “show me the note” and postponed his foreclosure proceedings.
Not only that, you also learned that a land patent can remove your property from the municipality’s tax roll (e.g. property taxes)… but there are even more benefits! Let’s break down all those cool things a land patent does for you:
- Foreclosure, seizure and eviction prevented.
- Monthly mortgage payments reduced
- Land is no longer subject to imminent domain by the government.
- Land patents transferred to others (for sale or inheritance).
- Unlimited use of land (mineral, drilling, water rights).
- Land patent holders can dishonor liens without loss of land.
- Property taxes can be 100% removed.** This instantly skyrockets the value of the property as an immeasurable selling point.
- No permits or zoning required (so long as results don’t affect another’s property)
*When paired with the Bulletproof Trust Secrets and Elite Tax Secrets.
**Google your local city, township or village to show the addresses that can be removed from the property tax roll, see example here.
Can You Still Get a Land Patent with a Mortgage?
“The Land Patent is the only form of perfect title to land available in the United States.” Wilcox v. Jackson 38 U.S. 498; 10 L. Ed. 264
The case above doesn’t get any clearer than that. At the end of the day, the most important benefit gained from a land patent is peace of mind.
Be on the look out – we’ll be covering that in tomorrow’s post.
Your friends in finance,
Private Wealth Academy
Information contained in our websites, products and emails does not constitute legal, financial or medical advice. With respect to any particular matter, students should seek legal advice from counsel in the relevant jurisdiction.
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