|
FAQ & Policies
Real Estate Notes
Simultaneous Closing
Business Notes
Business Accounts Receivable
Purchase Orders
Asset Based Lending
Equipment Leasing
Acquisitions
Retail Installment Contracts
Professionals
Accountants
Attorneys
Financial Planners
Insurance Agencies
Loan Officers
Real Estate Professionals
Structured Settlements
Trusts & Inheritances
Casino & Lottery Winnings
Viatical Settlements
|
|
Real Estate Notes
Whole, Partial, Reverse Partial, Simultaneous, Wraparounds
If you have an existing note, mortgage, or trust deed that you have taken on a property you sold and would like to convert the instrument to cash, either whole or in part, we can help you. You will have most of the needed documentation already on hand. A fresh appraisal will be needed, unless the sale was very recent. You have the option of having the appraisal done yourself. We pay for all other closing costs. Remember, when you sell a note, your credit is not a factor, but the payee's credit and payment history is.
The next step would be for you to decide whether you want to sell the entire note or part of it. Maybe you want to get out of the mortgage business and sell the entire note; maybe you have a purpose for all the proceeds from the note. Others may not. Perhaps you have a certain need and you'd like to resume collecting payments later. Other the other hand, maybe you don't care about payments later, but would like a lump sum AND continue receiving payments. These transactions are called partials and reverse partials. We have something for everybody!
Call or e-mail today.
Simultaneous Closing & Table Funding
Perhaps you have a difficult property to sell or a special situation with a buyer. There are many reasons why a good buyer might not qualify for conventional financing. Don't turn your buyer away! You want to close the sale and we can help. With a little planning we can work something out that will be a win-win transaction for both the seller and the buyer. We cannot tell you how to structure your note, but we can offer our assistance in creating the note and get you the cash immediately following the sale. This is called a simultaneous closing. If you have an existing mortgage to pay off at the time of the sale, it is called table funding. Call or e-mail us as soon as you can regarding these transactions.
Wraps/Wraparounds
We un-wrap and pay off your existing liens at closing.
 
 
|
