For a Wake county property, and I guess most of the rest of the country, the land and improvement are contained in one parcel identifier and one real estate identifier.

I guess something like this was bound to happen eventually, but I had hoped it would be ten years down the road when we had more cash on hand to comfortably weather the storm.

You make your payments to the hard money and then 6 months down the road, when you have improved your credit and built up some cash, you could get a traditional loan.You'll just have to make the numbers work with the HM at that point.

Do the lots have road frontage or are they only accessible through another lot?

Jewelry is rather tuff unless you know what it is, get it appraised at least by a jeweler and have a lock box arrangement, otherwise you might get a cubic Z.I do gold and it gets tested and locked up.But personal property needs to be identified and detailed on a UCC form, filed for record to perfect a security interest.

Definitely down the road!

Since he did not acquire any property from your brother, his 1031 Exchange will fail (and therefore be a taxable transaction) unless he has time to identify and/or acquire other replacement property.

This evaluation may cost you $350.00 but his report will identify any foundation problems and if you need to fix them or not.

Selling it down the road may reveal a huge roadblock.

For an option to be valid for real estate, the property must be identified, the parties are identified, a term in time must be stated providing an expiration date, an option price must be stated as consideration for the right to purchase and a sale price that is determinable or stated must me included.