In most cases, lenders will not issue a traditional mortgage for land that does not already have a home or building on it. Mortgages are designed for developed properties because houses provide immediate collateral value and are generally easier to sell if a borrower defaults.
The family of a self-identified Trump Republican running for office in Texas bought Jeffrey Epstein's New Mexico ranch where the sex trafficker abused teenage girls and young women, according to new documents. A spokesperson for Donald Huffines, a Texas businessman and former GOP state senator now running for comptroller, confirmed the purchase to the Santa Fe New Mexican, a local media outlet.
