Your Board of Directors is proud to announce a special purchasing opportunity for all members in good standing. Starting February 22, 2023, we are pleased to offer for a special sale, twenty-three (23) lots within our community at a price of $5,000 per lot. Details are below:
Offer ONLY available to a current member (currently on Title or Deed).
Member must be in good standing.
Purchase price for any of the below listed lots is $5,000 (Cashier’s Check/Money Order/Check).
Buyer of lot will be determined by the first person submitting payment.
If awarded a lot, title must include name of least one member in good standing.
There is no limit on number of lots purchased, as long as you meet all the other requirements.
It is STRONGLY encouraged that you have a Title Search/Insurance for any property. The cost of this search/Insurance is your responsibility.
This special sale will end May 1, 2023. At that time we will determine our next course of action, including potentially public sale.
ALL proceeds (less any potential legal costs) from the sale will be given to the Lake Restoration committee.
Buyer is responsible for recording the Deed and all associated costs for the recording to Crawford County. Deeds in most cases, can be completed/Notarized by ILPOA.
The below chart explains the “potential” impact of purchasing one of these lots:
* Refer to Rules & regulations (boats) regarding specific requirements,
No. Purchaser is responsible for 2023 Taxes and dues. Any association fees/dues are required at time of sale.
What if I want a title search performed on the lot? How will that work?
If buyer wishes a have a Title search performed (at their expense), a deposit of $500 (Check) will be required. If no issues are discovered during the search, the deposit will be deducted from the total amount owed. If the Title work is unsatisfactory, the deposit will be returned if a timely solution cannot be resolved.
Buyer will have three (3) weeks to complete their title search (from time of deposit) at which time, the lot MAY be released for sale.
Does the Association have the right to sell these lots without membership approval?
Membership approval is only required for sale/lease of common ground. These lots are not common ground.
How much does a title search cost and where can I get one?
A title search can be performed by the title company of the buyer’s choosing. The title company can provide an estimate of the cost for the search, as well as title insurance.
Where do I go to record a title?
Crawford County Recorder of deeds, located at 302 Main St, Steelville, MO. 65565