contracts, notes, trusts, and deeds.
Yellowstone Mortgage Co. (YMC) services sales contracts, notes, trust deeds, and mortgages resulting from rural land sales throughout Wyoming, South Dakota, Oklahoma, and West Texas. YMC doesn't offer services to the general public but is retained exclusively, under long term arrangement, by several large companies. Collectively YMC handles several thousand accounts covering several hundred thousand acres.
As a result of the magnitude of this business, on any given month YMC might have several "foreclosed" properties available due to death, divorce, loss of employment, etc. The private companies that retain YMC have a general policy wherein "foreclosed" parcels can usually be acquired by simply paying nominal documentation fees, and then taking over existing monthly payments (with no down payment involved!).