I am sorry for any confusion. English is not my first language. I have now got a friend with better English to help me with this post. There is no scam or mystery. The land exists and is situated in a small community area near South Bend, North Carolina. The actual land value is $225,000 but the other assets and fixtures on the land amount to over $500,000. It was not a simple foreclosure but a legal dispute about a working farm. The immediate 60 day loan would have allowed the court case to be immediately settled so that farm products etc could be released for sale and the loan would also be backed with a pending mortgage on a separate property within the USA worth over $1 million. I am sorry that my langauage did not allow me to explain all this first time around. Anyway, thank you for all your posts and input. The good news is that it looks like we have now found a private investor from another source so it has all worked out well.Thank you guys.