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Vera Cruz Mountain Ranch FAQs
May I use the land while I’m paying for it and when do I receive a deed to my property?
Yes. From the very day you sign the contract, the land is yours to use and enjoy. Security Escrow Company holds the Deed to your property while you are making payments. Upon full payment of the Purchase Price for your property, Security Escrow Company will send you the Deed to the property, which gives you free and clear title. GSV Title Services will also issue a Title Insurance Policy on the property you have purchased.
To whom do I make my payments and how will I know I have received proper credit for my payments?
Your payments, except for the down payment, will be made to Security Escrow Company (not the developer or seller). Security Escrow Company will properly account for all your payments. The Escrow Company, acting as a third party, will keep track of your balance and payments at all times and will indicate when the purchase price is paid in full.
Can I camp on my land in the meantime?
Yes. You may use your property for recreational use or a temporary residence during construction, but for no more than three (3) months in any calendar year.
Is there a penalty for paying off my land early?
There is absolutely no prepayment penalty. Your monthly payment check is applied to your account balance using simple interest on the unpaid balance. Extra monthly payments will be applied directly to the principal. This lowers your balance, reducing the interest you pay on your purchase. You should receive your payment booklet from the Escrow Company within 4 to 6 weeks after closing.
Is there a property owner’s association or any restrictions on the property?
The Developer has established the Vera Cruz Mountain Ranch Landowners’ Association, Inc. whose main purpose is to maintain the roads within Vera Cruz Mountain Ranch and to enforce the restrictions. Maintaining the access roads within the development will allow our Landowners good access to their parcels in the future and help to enhance and preserve property values.
Can I hunt on the property?
Not within the Vera Cruz Mountain Ranch boundaries.
Is there any timeframe in which I have to start construction?
No, but once construction has started, it must be completed within twelve (12) months. You are required to pay your annual landowners’ assessments in any event.
Can I build a modular home?
Yes. Refer to the required guidelines in Section 10 of the recorded CC & R document you receive at the time of purchase.
Is there a minimum buildable square footage required for a home?
Yes, 1,800 square feet.
Can I build a guest house?
Yes, but it cannot be inhabited on a full-time basis.
Do I have sewer hook-up?
No, you will be required to install a septic system when you build.
What animals can I have?
Livestock, including horses, ponies, llamas, cows, donkeys, sheep and other such live animals, are allowed in the development, as well as dogs and cats. Animals shall be confined within the boundaries of each lot; they shall not be allowed to graze on adjoining properties. Livestock must be kept in sanitary conditions. No pigs or pot-bellied pigs shall be raised on any of the lots with the exception of school or 4-H projects. Poultry must be kept in a confined space. Dogs must be kept on leashes or within the boundaries of the Owner’s property. Dogs shall not be allowed to roam freely throughout the development, or else the dogs will become subject to capture and removal by the appropriate authorities. If the number of livestock, poultry, and/or pets becomes a nuisance to surrounding owners, the Association retains the right to restrict the number of animals allowed on a lot and order the removal of animals in excess of that limit.
Is natural gas available on site?
No. There is a propane supplier available in Ruidoso.
Is the internet available on site?
No, but satellite service may be obtained from a wireless internet provider.
Can I run a commercial business from my lot?
No business or commercial ventures may be conducted on any of the lots except if (a) such use is incidental to the primary use of the lot for residential purposes or (b) such business or commercial venture is a limited home-based business which does not require a large number of customers, deliveries or shipping and must be fully contained inside the dwelling units on the lot. The allowed business or commercial use shall also not interfere with the quiet enjoyment of the adjacent lots and shall not cause excessive use of the Subdivision utilities.
Can I subdivide my land again?
Yes. Lots within Vera Cruz Mountain Ranch may be split into additional lots so long as no lot shall be less than 40 acres in area.
Are there any medical facilities nearby?
Yes. There is a full service hospital approximately 25 miles south in Ruidoso, New Mexico.
Additional Information on Ruidoso
www.ruidosonow.com
Official Website of the Ruidoso Valley Chamber of Commerce in Ruidoso, New Mexico. Discover all Ruidoso has to offer!
www.innofthemountaingods.com
Nestled among tall pine trees under the majestic Sierra Blanca Peak is the impressive Inn of the Mountain Gods Resort Championship Golf Course. ... Inn of the Mountain Gods, southern New Mexico’s newest Resort and Casino is a magnificent new hotel with 273 luxury rooms.
www.skiapache.com
This is the comprehensive guide to Ski Apache ski resort, New Mexico's premier ski and snowboard area.
www.ruidosodownsracing.com
Fast horses and hot slots are the name of the game at Ruidoso Downs Race Track and Casino. The first race at Ruidoso Downs Race Track was run in 1947, then in 1999, a new era of racing in New Mexico began with the legalization of slot machine casinos at race tracks. The Billy the Kid Casino opened in May of 1999 and houses over 300 slot machines. The casino is open daily and, in 2006, paid out over $100 million in winnings. Racing in the mountains takes place annually from Memorial Day to Labor Day, culminating with the $2 million All American Futurity.
