3.75 Million USD "UNDER APPRAISED VALUE" - Equestrian Estate - Horse Farm For Sale
Near Ocala, Florida "The Horse Capital of The World"
Can Be Subdivided
Impressive World Class Facility - Over 100 + Acres - Maybe Divided
70 Stalls, 3/4 Mile Gallop Around Track with 1/2 Mile Straightaway
3 Wells - 2 Replaced this year - Most Paddocks Have Irrigation
5 Buildings - Center Barn - Approx. 7,000 sq. ft. of Living Space Above Center Barn
Total Amount of Living Space approximately 15,000 sq. ft
Total Sq. Ft. of All Buildings Combined Approx. 80,000
Community Race Track Harrowed and Rolled Twice A Day
Private Gated Entrance to this Impressive Horse Farm 
Spanish Style Buildings with Red Roofs - Stalls with Shuttered Windows 
Interior View of Center Barn - Stalls have Interior & Exterior Doors - Horses Enter and Exit By Exterior Doors 
Main Apartment with Approximately 7,000 sq. ft of living space above the Center Barn 
Unique World Class Facility 
Palm Trees and Approximatley 7 1/2 Miles of Fencing 
Stallion Barn 
Courtyard of Stallion Barn 
Round Pen 
Grass Loading Dock 
Shuttered Openings 
Brood Mare Barn 
3/4 Mile Gallop Around 
1/2 Mile Straightaway 
Community Race Track
Harrowed & Rolle twice Daily 
Palm Trees Line the Entrance 
Circular Driveway with Fountain - View from Main Apartment over Center Barn 
Marble Floors Throughout 
Arched Entries in Main Living Area 
Center Barn Rear Apartments - Enclosed Florida Room 
Private Balconies 
Relax on The Back Porch 
Plenty of Room For Your Horses For more information on one of Florida's Exceptional Properties
contact Phil Fowler at Phil@PhilFowler.com 24 Hrs Notice to View the Property and Proof of Funds. World Properties World Properties assists consumers in locating properties outside their country
and finding a qualified real estate professional. The International Consortium of Real Estate Associations (ICREA), comprises of more than 30 leading national real estate organizations representing 2 million brokers/agents worldwide, each of whom adhere to a code of conduct. World Properties is backed by ICREA. Find information on Internationals Homes for Sale, Industry News and articles. Currency Converter International Real Estate Digest
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Stalls Can Be Doubled for Foaling
Types of Mortgage Lenders There are a number of types of primary mortgage lenders that you may encounter when shopping for your mortgage loan. To give you a better understanding of these service providers, a brief explanation is provided below. Mortgage Bankers typically originate loans and then sell these loans to the secondary mortgage market shortly after funding. (The mortgage banker may or may not sell the servicing of the loan.) Often mortgage bankers have attractive loan programs and rates. Portfolio Lenders make loans with the institution's own funds and keep the loan on the institution's books rather than immediately selling it to the secondary mortgage market. Many institutions engage in mortgage banking as well as portfolio lending. Since portfolio lenders fund the loans, they are not confined to Freddie Mac/Fannie Mae guidelines. After a portfolio loan has reached its one year anniversary date without any late payments, it is considered seasoned and may be sold to the secondary mortgage market even if it does not meet Freddie Mac/Fannie Mae guidelines. If a portfolio loan is sold to the secondary mortgage market, the portfolio lender may continue to service the loan. Direct Lenders fund their own loans. Direct lenders usually fall into the category of a mortgage banker or portfolio lender. Correspondents act on behalf of one or several lenders (sponsors) throughout the origination and closing. The loan is usually underwritten by the sponsor. The correspondent acts as the lender's agent. The correspondent may also service the loan for the lender. Mortgage Brokers work as intermediaries between lenders and borrowers. Mortgage brokers have access to a number of lenders and often offer the most variety in loan programs. Brokers assist the borrower in filling out the loan application, obtaining the credit report and appraisal, selecting a loan program and finding a lender to fund the loan. In general, brokers do not make the decision to extend the loan and do not fund the loan. The mortgage broker may be paid by the borrower or the lender. Payment to the broker is typically included in the closing costs as either fees or points. Wholesale Lenders underwrite and fund mortgage loans. Wholesale lenders may also service the loan payments and ensure the loan's compliance with underwriting guidelines. Banks, Credit Unions and Savings & Loans use funds gathered from their customers through checking, savings and certificates of deposit to make mortgage loans. The institution may hold the loan in its portfolio or sell it to a secondary mortgage market.
Secondary Mortgage Market When you apply for a home mortgage, you may be under the impression that the mortgage lender will be servicing the loan until it is paid off. This may not be the case. It is common practice for the mortgage loan to be bought and sold to a secondary mortgage market investor, sometimes more than once in the life of a loan. These transactions will not affect your mortgage amount or your mortgage payment. The secondary mortgage market is comprised of investors like Fannie Mae and Freddie Mac. Selling loans to the secondary mortgage market provides primary lenders with funds needed to issue new mortgage loans. Links to International Lenders |