Why
do people sell real estate notes? Obviously, one reason is to raise cash
quickly. A second reason is that
sometimes people just get tired of managing the servicing of the real estate
note over the long term, including things like verifying that the real estate
taxes are paid on time and that the insurance is still in place. Not to mention chasing the buyer down if
they are late with their monthly payments to you.
You probably already know that Real
estate notes are the loan documents created when you financed the sale of your
house or investment property. They could be Mortgage notes, Trust Deeds or some
type of Land Contract.
The important point is that under any
of these instruments, the buyer is making payments to you, and you want to
generate a lump sum payment instead of
smaller amounts over a long term.
The options for you to sell your note
are many. It's possible to sell the
entire contract, or just a specific number of payments. In either case, the
buyer will continue to have the same terms of repayment. He'll just start
making those payments to me or someone else I designate.
In fact, one of the most recent note
purchases I handled was a partial purchase for a family who had a loved one
needing an organ transplant. Their
insurance company had a large deductible requirement and the hospital wanted
them to put down the $30,000.00 co-pay before they would schedule the
transplant. Having this transaction
completed quickly became a priority for me.
In this case, I was able to get the
sale accomplished within 7 days. The
funds were wired and the seller's relative got the needed organ
transplant. Similarly, I have done other
transactions with heirs after the original note holders have passed away and
selling the note was important to clearing up the estate.
Selling your real estate note can be
an intimidating process. I am here to ease you though the process. And because my company is generally the end
investor, there is not a daisy chain of other people I have
to go to for answers to your questions. We are very sensitive to the needs of
our sellers and strive to meet their cash out needs with a minimum of discount on
the note.
Please don't hesitate to call our
offices at any time to discuss how we might help you fulfill your immediate
financial needs through the purchase of a real estate note. Any information you provide will be kept
confidential and all our advice and preliminary pricing options are fee of
charge.
Rich and I have been purchasing real
estate notes for over twenty years and would love to work with you!
Hope to talk to you very soon---
Lauren Hall
I would like to bring this to the notice of the public about how I came in contact with Mr Pedro after I lost my job and was denied a loan by my bank and other financial institutions due to my credit score. I could not pay my children's fees. I was behind on bills, about to be thrown out of the house due to my inability to pay my rent, It was during this period my kids were taken from me by foster care. Then I set out to seek funds online where I lost $3,670 that I borrowed from friends which I was ripped off by two online loan companies. Until i read about Mr Pedro helping people with an loan online in which this email was stated (pedroloanss@gmail.com) somewhere on the internet, Still wasn't convinced because of what i have been through until a relative of mine who is a clergy also told me about the ongoing loan scheme at a very low interest rate of 2% and lovely repayment terms without penalty for default of payment. I had no choice than to also contact them, which I did. Mr Pedro responded back to me. That day was the best and greatest day of my life which can never be forgotten when I received a credit alert for the $400,000.00 Usd loan amount I applied for. I utilized the loan effectively to pay up my debts and to start up a business and today my kids and I are so happy and fulfilled. You can also contact them through email: (pedroloanss@gmail.com / WhatsApp Text : +18632310632) Why am I doing this? I am doing this to save as many that are in need of a loan not to be victims of scams on the internet. Thanks and God bless you all, I'm Oleksander Artem from Horizon Park BC , Ukrain.
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