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Real Estate Notes
Our company is a
full-time broker of mortgages and trust deeds. We can be of some
assistance to the following professionals and their clients in raising
lump sums of CASH:
Mortgage
brokers who work with creative financing technique
Real estate agents evaluating
potential transactions who employ creative financing strategies
Attorneys involved
with estate planning, real estate, probate, or divorce
Accountants who
prepare individual tax returns
Financial planners
advising individuals on investment strategies and estate planning
Mortgage Brokers who
work with creative financing techniques: We can help you to close
business that you would otherwise lose, or that a standard lender
would turn down because of previous credit problems, a high
debt-to-income situation, or minimal work history with a current
employer. Also, we are not concerned as to the source of the payor’s
down payment funds. This will enable you to enhance your level of
service to your clients, puts dollars in your pocket now for
processing the transaction, and satisfies the financing requirements
for your real estate agents.
Real Estate agents
evaluating potential transactions who employ creative financing
strategies: We can help to fund the sale of some of your current
listings and considerably broaden your market of potential buyers.
We DON’T make loans. We buy notes that already exist and we also buy
owner take-back notes a few days after the closing of a property has
taken place. This is a great benefit to your clients because it allows
the buyer to receive the advantages of financing by the owner
(including a substantial savings in closing costs), while, at the same
time, the sellers receive an ALL CASH transaction.
We can suggest the best financial terms to specify in a note BEFORE it
is created so that it will result in the best CASH value for the
seller if the note is sold at closing.
It should be pointed out to the property seller that:
The real estate sale can close more quickly- usually within 30 days.
If the seller continues to hold the note, they have a long-term
investment
with a guaranteed rate of return and can defer taxes on the profit
from
their home.
They can sell off only part of the note if they want. Example: Someone
holding a $75,000 note might just sell $25,000 worth of the monthly
payments.
Private financing costs the home seller typically nothing. We usually
pay the cost of the credit check, appraisal & title search.
How would that affect the home buyer who’s paying on the mortgage?
It
wouldn’t. He simply mails his monthly payments to a different
address.
In addition to Mortgage
Brokers and Real Estate agents, the following Professionals can attest
to the difficulty of keeping up with client demands, particularly when
it comes to helping a client to raise money:
Financial planners
advising individuals on investment strategies and estate planning
Accountants who
prepare individual tax returns, and
Attorneys involved
with estate planning, real estate, probate, or divorce:
We are in the business of converting privately-held mortgages, trusts,
and
land contracts to CASH for individuals, like your clients, who have
taken back financing when they sold their properties. We can quickly,
accurately and confidentially provide a Professional Note Appraisal to
enhance your level of service to clients by determining the current
value of the note. The note holder can elect to sell all or part of
the note for CASH, applying the proceeds towards a new financial goal
or need.
Your client, having determined the note’s cash value, then has the
following options:
If your client continues to hold the note, they have a long-term
investment with a guaranteed rate of return and and can defer taxes on
the profit from their home, provided the payor remains current on his
monthly payments.
However, there are There are many reasons that your client may want to
consider selling the note, or a portion of it, for CASH today, working
with a
reputable company such as Funding Connections.
Usually, we can tailor a transaction to fit your client's exact cash
needs, allowing him to sell all of the contract or just a portion of
it, and we usually still cover all closing costs.
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