Sunday, April 29, 2012

Minnesota lake homes for sale contract for deed-Mn lake shore-cabins-mnlakehomescontractfordeed.com

MN OWNER FINANCING GLOSSARY

Glossary... Minnesota owner financing available.MN OWNER FINANCED HOMES-OWNER FINANCED PROPERTIES

MN-Amortization: The payments on an amortized loan are established to contain both principal and interest so that the loan will be paid off in full by the end of the amortization period.

MN-Balloon Payment: A large payment on a note, usually due at the end of the payment schedule. There can also be partial balloon payments during the note term.

MN-Beneficiary: The person entitled to receive the payments on a note.

Carry Paper: For a property seller to take part or the entire price of the property in the form of a secured note. Example: the seller carried $15,0000 in paper to facilitate the sale of his property.

MN-Closing Costs: The various fees and charges involved in closing a transaction.

Collateralized Loans: Property pledged as security for performance of an obligation, such as a loan, mortgage loan (such as mortgages and/or notes secured by trust deeds)

MN-Deed of Trust: A security instrument which utilizes a neutral third party called a Trustee to foreclose in the event of default. Deed of Trust is generally faster and easier to foreclose than on a Mortgage.

MN-Double Escrow: Two separate but related escrows or closings, each contingent or dependent on the other.

MN-First Loan: A Note, A Mortgage, A Deed of Trust – the first loan to be recorded asa lien against a specific property (first in time and seniority).

MN-Market Value: What a normal buyer would pay and a normal seller would sell for in terms of price.

MN-Matching: Slang for the act of referring a note to a purchaser.

MN-Mortgage: A security instrument, which pledges a property to insure payment of a note. In case of default, it is foreclosed in the courts.

MN-Mortgage Broker: A party who joins borrowers and lenders for loans, earning a placement fee. Also, an intermediary who buys and sells secured notes.

MN-Mortgagee: The party who is the beneficiary of a mortgage. The seller of the property who receives the monthly payment and holds the mortgage contract as security.

MN-Mortgagor: The owner or buyer of the real estate. Also the borrower making monthly payments to the mortgagee.

MN-Non-Performing Note: Whenever a Borrower is late in making payments or fulfilling the obligations as set forth in the Deed of Trust and there is no means for the Borrower to ever correct the non-performance.

MN-Note: A written document that states a promise to pay, as well as the payment terms, which includes the total amount due, interest rate, amount and dates when payments are due, where to send the payments and the length of time given to pay the full amount.

MN-Note Holder: The person(s) currently in ownership and possession of a note and entitled to collect all its remaining payments. The holder might not be the original beneficiary. “Note holder” and “note seller” usually refer to the same person(s).

MN-Owner Financing: When the seller of a property takes a note secured by the property as part of the payment.

MN-Promissory Note: A legal written promise to pay a certain amount according to its terms and conditions and is backed by a security instrument that pledges the title or other interests in real property as collateral to assure payment. See also Secured Loan.

MN-Secured Loan: A loan (note), which has specific collateral, pledged to secure its payment. In the event payment is not made, the collateral will be sold to provide funds to pay the note.

MN-Seller Carry-Back Financing: When the seller of a property takes a note secured by the property as part of the payment. See also Owner Financing.

MN-Straight Note: A note having no payments during its term, with a balloon payment at the end. It may have either simple or compound interest. Trustee: One who holds property in trust for another to secure the performance of an obligation. An example of a trustee would be a title company or attorney.

MN-Trustor: The person who conveys property in trust. One who deeds his property to a trustee to be held as security until he has performed under the terms of a deed of trust.

MN-Payor: The person who makes the monthly payments to fulfill the terms of a note. It is also the mortgagor with a mortgage contract or a trustor with a trust deed.

MN-Under-Performing Notes: Whenever the Borrower is late to fulfill an obligation of the Note and Borrower will correct performance soon.

MN-Wrap-Around Mortgage: A larger Mortgage that “wraps around” a smaller senior lien. The debtor pays to the holder of the “Wrap-Around” and the holder of the “Wrap” pays on the included senior lien.
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FEATURED LISTING

INFORMATION

Lake information report

Name: Forest

mnlakeplace.com/forest-lake

Nearest Town: Forest Lake
Primary County: Washington
Survey Date: 07/13/2009
Inventory Number: 82015900

Purchase a walleye stamp. Your voluntary contribution will be used to support walleye stocking.

Public Access Information

Ownership	Type	Description
DNR	Concrete
DNR	Concrete
City	Concrete

Lake Characteristics

Lake Area (acres): 2270.89
Littoral Area (acres): 1531
Maximum Depth (ft): 37
Water Clarity (ft): 5.5 (3-8.3)

Dominant Bottom Substrate: Sand (Abundant)
Abundance of Aquatic Plants: 26 Varieties Sampled
Maximum Depth of Plant Growth (ft): 9.2 (0-13)

Did you know? There are 15,000 miles of fishable streams in Minnesota, including 2,600 miles of trout streams.

Fish Sampled for the 2009 Survey Year

Species	Gear Used	Number of fish per net		Average Fish Weight (lbs)	Normal Range(lbs)
Species	Gear Used	Caught	Normal Range	Average Fish Weight (lbs)	Normal Range(lbs)
Black Crappie	Trap net	3.12	1.8 - 21.2	0.19	0.2 - 0.3
	Gill net	10.25	2.5 - 16.5	0.13	0.1 - 0.3
Bluegill	Trap net	118.47	7.5 - 62.5	0.16	0.1 - 0.3
	Gill net	17.50	N/A	0.09	N/A
Bowfin (dogfish)	Trap net	0.24	0.4 - 1.3	8.10	2.3 - 4.1
Golden Shiner	Trap net	0.76	0.2 - 0.8	0.04	0.1 - 0.1
Green Sunfish	Trap net	0.12	0.2 - 1.3	0.04	0.1 - 0.2
Hybrid Sunfish	Trap net	14.94	N/A	0.29	N/A
Largemouth Bass	Trap net	0.12	0.2 - 0.7	0.85	0.2 - 0.9
	Gill net	0.62	0.3 - 0.8	0.91	0.4 - 1.0
Muskellunge	Trap net	0.06	0.4 - 0.5	0.26	1.5 - 7.0
	Gill net	0.38	0.2 - 1.0	13.30	1.9 - 4.0
Northern Pike	Trap net	0.35	N/A	1.83	N/A
	Gill net	6.75	1.5 - 7.3	2.05	2.0 - 3.5
Pumpkinseed	Trap net	17.94	0.7 - 4.2	0.21	0.1 - 0.2
	Gill net	2.75	N/A	0.12	N/A
Rock Bass	Trap net	2.35	0.1 - 0.8	0.46	0.2 - 0.5
Walleye	Trap net	0.18	0.3 - 1.2	3.56	0.8 - 2.8
	Gill net	3.25	1.2 - 6.3	2.67	1.2 - 2.7
White Crappie	Trap net	0.06	0.5 - 6.6	0.23	0.2 - 0.4
	Gill net	0.25	0.7 - 10.4	0.70	0.2 - 0.3
Yellow Bullhead	Trap net	2.00	0.9 - 5.7	0.67	0.5 - 0.8
Yellow Perch	Trap net	0.35	0.3 - 1.7	0.23	0.1 - 0.2
	Gill net	7.12	2.0 - 27.9	0.11	0.1 - 0.2

Normal Ranges represent typical catches for lakes with similar physical and chemical characteristics.

mnlakeplace.com/forest-lake

Length of Selected Species (Trapnet, Gillnet) Sampled for the 2009 Survey Year

Species	Number of fish caught in each category (inches)
Species	0-5	6-8	9-11	12-14	15-19	20-24	25-29	30+	Total
black crappie	41	90	4	0	0	0	0	0	135
bluegill	1284	864	0	0	0	0	0	0	2154
bowfin (dogfish)	0	0	0	0	0	0	4	0	4
golden shiner	13	0	0	0	0	0	0	0	13
green sunfish	2	0	0	0	0	0	0	0	2
hybrid sunfish	43	207	0	0	0	0	0	0	254
largemouth bass	0	1	4	1	1	0	0	0	7
muskellunge	0	0	1	0	0	0	0	3	4
northern pike	0	0	0	1	30	22	6	1	60
pumpkinseed	178	145	0	0	0	0	0	0	327
rock bass	4	30	6	0	0	0	0	0	40
walleye	0	0	3	4	9	9	4	0	29
white crappie	0	2	0	1	0	0	0	0	3
yellow bullhead	0	2	28	4	0	0	0	0	34
yellow perch	13	49	1	0	0	0	0	0	63

A lot of field work important to anglers isn't getting done because costs have risen, license prices have stayed the same for the past 11 years and despite numerous cost-saving measures DNR Fisheries has had to reduce work that affects the quality and quantity of fishing. Learn what's at stake and how you can help.

Fish Stocking Activity

Fish Stocked by Species for the Last Ten Years

Year	Species	Size	Number	Pounds
2011	Walleye	yearlings	118	91.0
	Walleye	fingerlings	72,645	3,408.0
	Walleye	adults	2	2.0
2010	Muskellunge	fingerlings	752	162.9
2009	Muskellunge	fingerlings	1,498	288.1
	Walleye	yearlings	278	94.0
	Walleye	fingerlings	3,080	236.0
	Walleye	fingerlings	51,433	2,326.0
	Walleye	adults	49	54.0
	Walleye	yearlings	1,555	330.0
	Walleye	adults	10	22.0
2008	Muskellunge^*	fingerlings	1,664	387.0
	Muskellunge^*	fingerlings	577	128.2
2007	Walleye^*	fingerlings	33,040	1,638.0
	Walleye	fingerlings	565	23.0
2006	Muskellunge	fingerlings	1,500	416.3
	Muskellunge	adults	696	1,766.0
2005	Walleye^*	fingerlings	48,097	3,057.5
2003	Muskellunge^*	fingerlings	1,808	380.0
	Walleye^*	fingerlings	31,267	3,060.0

Privately Stocked Fish
* indicates privately stocked fish. Private stocking includes fish purchased by the DNR for stocking and fish purchased and stocked by private citizens and sporting groups.

Stocking Fish Sizes
Fry - Newly hatched fish that are ready to be stocked usually called "swim-ups". Walleye fry are 1/3 of an inch or around 8 mm.
Fingerling - Fingerlings are one to six months old and can range from a size of one to twelve inches depending on the species. Walleye fingerlings range from three to eight inches each fall.
Yearling - Yearling fish are at least one year old. A one-year-old fish can range from three to twenty inches depending on the species. Walleye yearlings average from six to twelve inches.
Adult - Adult fish are fish that have reached maturity. Depending on the species, maturity can be reached at two years of age. Walleye reach maturity between the ages of four and six years.

Fish Consumption Guidelines

These fish consumption guidelines help people make choices about which fish to eat and how often. Following the guidelines enables people to reduce their exposure to contaminants while still enjoying the many benefits from fish.

Pregnant Women, Women who may become pregnant and Children under age 15

LAKE NAME County, DOWID	Species	Meal Advice				Contaminants
LAKE NAME County, DOWID	Species	Unrestricted	1 meal/week	1 meal/month	Do not eat	Contaminants
FOREST Washington Co., 82015900	Bluegill Sunfish	All sizes
	Bullhead		All sizes			Mercury
	Carp		All sizes			Mercury PCBs
	Crappie		All sizes			Mercury
	Largemouth Bass		All sizes			Mercury
	Northern Pike		shorter than 27"	27" or longer		Mercury
	Walleye		All sizes			Mercury

General Population

LAKE NAME County, DOWID	Species	Meal Advice				Contaminants
LAKE NAME County, DOWID	Species	Unrestricted	1 meal/week	1 meal/month	Do not eat	Contaminants
FOREST Washington Co., 82015900	Bluegill Sunfish	All sizes
	Bullhead	All sizes
	Carp		All sizes			PCBs
	Crappie	All sizes
	Largemouth Bass	All sizes
	Northern Pike	All sizes

DOWID - MN DNR, Divion of Waters' lake ID number.

Contaminants listed were measured at levels high enough to warrant a recommendation to limit consumption.

Listing of consumption guidelines do not imply the fish are legal to keep, MN DNR fishing regulations should be consulted.

Dioxin
Mercury
PCBS - Polychlorinated biphenyls
PFOS - Perfluorooctane sulfanate

mnlakeplace.com/washington-county

Status of the Fishery (as of 07/13/2009)

Forest Lake is primarily managed for Walleye (WAE) and Muskellunge (MUE). Walleye stocking at the time of this assessment has been 2.0 pounds of fingerlings per littoral-acre (3,062.0 lbs) biennially on odd numbered years. Muskellunge stocking currently consists of stocking fall fingerlings at a rate of up to 1.0 fish/surface-acre (2,251 fish) biennially on even numbered years.

Walleye were sampled above the median level for abundance and mean weight in the gill net catch. Overall, the gill net catch rate for WAE has remained relatively stable since 2003. The average size of WAE sampled in 2009 was 18.2 inches and 2.67 pounds. Approximately 44 percent of all WAE captured measured 20.0 inches or longer, with 12 percent being over 24 inches in length. Muskellunge (MUE) were captured within the normal range for abundance during this assessment with the average fish being 38.7 inches and 13.3 pounds. Northern Pike (NOP) were captured above the median level for abundance with the average fish being 20.9 inches and 2.05 pounds. Approximately 9 percent of all NOP captured measured 26.0 inches or longer. Largemouth Bass (LMB) were sampled within normal levels for abundance and averaged 11.5 inches and 0.9 pounds. Growth rates for all game fish species were found to be average. Rock Bass were sampled above the median level for abundance in trap nets with the average fish being 7.8 inches and 0.5 pounds. Yellow Perch were sampled below median levels for abundance in gill nets, but catch rates were up from those observed in 2007. The average size of YEP sampled was 6.4 inches and 0.11 pounds. Black Crappie (BLC) were sampled above median levels for abundance in gill nets with the average fish being 6.5 inches and 0.15 pounds. Approximately 3 percent of the BLC sampled measured 9.0 inches or larger. White Crappies were also captured, but in relatively low numbers. Bluegill (BLG) were sampled in relatively high abundance with the average fish being 5.7 inches and 0.15 pounds. Less than 1 percent of all BLG captured measured 7.0 inches or longer. Pumpkinseed sunfish (PMK) were also captured in above average numbers and exhibited a similar size structure to that of BLG. In general, growth rates for panfish species were found to be below average.

Close by is another great lake with Minnesota lake homes for sale -

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