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Inheritances-Annuities-Structured Settlements
A
Court Order must be issued Prior to Selling Your Structured
Settlement or Annuity.
On January 22, 2002, President, George W.
Bush signed into law a bill that
protects individuals when selling their structured settlement
payments to meet un-planned future financial needs. This new law
makes all structured settlement payment sales subject to a court
order. If there is no court order, a tax that is approximately
equal to 40% +1- will have to be paid on the total amount of
payments being sold. This new law helps those individuals from
being defrauded.
The Selling
Annuity/Structured Settlement Process
There are a number of different programs
whereby an individual can access any portion of their annuity.
The selling annuity of a structured settlement process firstly
requires that a court order be obtained which authorizes the
sale. This is required by all states and by Federal Statute. The
advantage of needing a court order prior to selling the annuity
helps to protect you. The court helps to determine that you are
receiving a fair amount when selling the annuity and that any
remaining payments that aren’t sold are protected.
Structured settlement transactions must be accomplished
according to strict legal guidelines. A Transfer and Assignment
Agreement is executed with the seller following full disclosure
of the price and other contractual terms. The sale is announced
to all interested parties (payment beneficiaries, insurance
companies) and then must be approved by a judge.
Personal injury claims used to be settled merely by exchanging a
sum of money for a release of the claim. In contrast, a
Structured Settlement goes beyond an immediate cash payment and
provides future payments “structured” over time to meet a
person’s ongoing financial needs. A structured settlement may
provide payments for a certain period of time or extend
throughout the lifetime of the injured person.
Please note that it takes at least 60-90 days, from initial
contract to final funding, to complete the process.
CAUTION... anyone claiming that it takes less time is not
telling the truth! We will always attempt to set realistic
expectations for our customers. We will not make wild promises
that cannot be kept. We know that our customers want and need
their money NOW, but the law requires that a judge approve the
transfer of payment rights, and that takes time. We keep every
customer updated each day, if necessary, doing whatever is
possible to speed up the process., and getting you your CASH.
People receive structured settlement payments as the result of
legal action. If one party sues another, there might be a
settlement and the defendant might agree to make payment over
time (annuities-structured settlements. The defendant, in
conjunction with an insurance company, purchases an annuity
policy from another insurance company. The annuity policy makes
payment now and in the future to the original lawsuit’s
plaintiff.
Come On In -
We’re here to serve you!
SIMULTANEOUS
CLOSINGS?
NOTE & TD CLEARINGHOUSE
"TABLE FUNDING OR
DOUBLE CLOSINGS"
Inheritances-Annuities-Structured Settlements
Good credit, bad credit, no credit, blemished credit, we've all
been late a few times in the past. Let us work for you...
What exactly is a "Simultaneous closing"?
It is a
process by which someone selling their property can carry the
note or take back the note on the property and sell the note at
the same time they close on the sale of the property. Thus
they sell the property and the note virtually at the same time.
The costs
are about the same as a regular bank loan closing without the
red tape of conventional loan qualifying. These costs can
even be worked into your deal by adjusting the terms of your
mortgage note.
Simultaneous closings are not for everyone but more people
will qualify for this type of program than with a traditional
bank loan. Although called a simultaneous closing the
carry back note is actually sold and transferred after the real
estate closing and title has transferred. This happens
for all practical purposes as "simultaneous" but is in reality a
two-step transaction.
By using
our experience, we can help people who have been rejected
through other sources for a mortgage due to past credit
problems. Not
being on the same job long enough, no bank or checking
accounts, self-
employed or problems with income verification even bankruptcy.
Unlike
Banks or Mortgage companies we don’t put to much stock in
credit
reports etc. We basically know that as long as we can verify
a minimum
down payment that you, our client make, you then would become an
excellent choice for us to finance your new home. In other words
we
consider giving you a choice, because of your character, and a
promising
outlook for a BETTER
future.
It
seems like nowadays everyone is ready to promise you this and
guarantee you that.., but few actually are able to perform.
Remember,
something that is new can be frightening, but we answer all of
your
questions upon request and
we don't charge any
front fees.
Let me go one step further, to help you understand simultaneous
closings, or table funding. Over the past 15 years or so, this
program has
proven to be a very popular vehicle to use in various situations
like
properties that are “slow movers”, for divorce settlements,
estate sales
non-qualified buyers, motivated sellers, properties that don’t
appraise out
etc.
The “word” simultaneous closings is often used to describe
transactions
that occur when the seller is carrying back a note, as payment
for their
property, with the specific intention of selling the note for
cash. Often
times simultaneous closings can bring back a dead deal back to
life.
Not only
is using the vehicle because it is less expensive, fast, with
less
paperwork, and more reliable than conventional or even sub-prime
financing, this also allows the seller to get the
full-appraised price for the
property they are selling. After the documents are signed the
buyer gets
title to the property and we here at National Note Buyers
purchase the
newly created note from the seller for CASH at a pre-agreed
price and
the transactions closes.
How do I APPLY for one?
If the Buyer has a job and has put 5% to 10%
down, the mortgage you
create will be purchased at closing. The average purchase price
is
between 75% to 85% and sometimes as high as 95% of the note
balance
subject to due diligence. There are some cases that will
require the Seller
to hold a second mortgage.
Simultaneous Closings are a great tool for people trying to sell
their
homes. Buyers can be identified quickly and, by working with an
investor
or funding company familiar with simultaneous closings, the
whole
process can be a quick and easy method of selling or buying a
property.
A commitment to purchase the newly created note at closing is
then
obtained from a note buyer, generally at a discount. From that
point, the
deal proceeds through escrow. Shortly after closing, the
Seller’s note is
then sold to the investor, and the seller receives the cash in a
second
closing. In this manner, the Seller is able to get his/her
equity much the
same as she/he would with a typical financed closing.
TEN REASONS FOR YOU TO CONSIDER HOME
OWNERSHIP
For many Americans, the ability to own a home is one of the most
important advantages of living in our country. Just consider
some of the
benefits of home ownership that are important.
SECURITY - your
home is your “castle” giving you the comfort of having
your own little corner of the world. Your home is a stronghold against
inflation, Because if prices go up, so does the value of your
home.
INVESTMENT - as
each monthly payment is made you own more and
more of your home. Each improvement you make not only enhances
the
livability of your home but it adds to its investment value.
TAX ADVANTAGES -
real estate taxes and the interest on your mortgage
loan or loan contract are deducible from your income tax.
CASH EQUITY -
your home mortgage dollars are actually invested in a
way that will keep pace with inflation and help to keep you in a
favorable
economic position.
FINANCIAL INDEPENDENCE
- home ownership can be a good
foundation around which to build a personal financial program.
CREDIT - owning a
home can help you establish financial credibility and
the equity can be a source of investment funds too.
A LIFESTYLE STATEMENT
- your home and your community reflect
your lifestyle and provide a sense of belonging. When you own a
home,
you sink roots in a community.
PRIDE AND SATISFACTION
- your home is a source of pride, offering
you privacy, freedom and independence.
It shows you now have more
STABILITY.
Acts as collateral in an
EMERGENCY.
Does your credit suck?
A
popular misconception, but this is definitely not the case. On
the
contrary, many creditworthy buyers are simply unable to qualify
for a
conventional loan because they don’t fit lender’s guidelines.
Self-
employment, multiple income properties, “creative” reporting on
income
taxes, ability to prove income.... All of these and many more,
are reasons
why buyers seek seller financing as an alternative to the
traditional
lending market.
Credit Scoring - How it Works
Credit scoring is a statistical method that
lenders use to quickly and
objectively assess the credit risk of a loan applicant. The
score is a
number that rates the likelihood you will pay back a loan.
Scores range
from 350 (high risk) to 950 (low risk). There are a few types of
credit
scores; the most widely used are FICO® scores, which were
developed
by Fair Isaac & Company, Inc..
Credit Reporting Agencies collect information about you and your
credit
history from public records, your creditors and other reliable
sources.
These agencies make your credit history available to your
current and
prospective creditors and employers as allowed by law. Credit
agencies
do not grant or deny credit.
Different portions of
your credit file are given different weights.
They are:
• 35% - Previous credit performance (specific to your payment
history)
• 30% - Current level of indebtedness (current balance compared
to
high credit)
• 15% - Types of credit available (installment loans, revolving
and
debit accounts)
• 5% - Pursuit of new credit (number of inquiries)
Having blemished credit does not mean you can't qualify to
purchase or
refinance a home. There are many types of loan programs
available to
customers with a less than perfect credit history. Some of the
typical
problems we see in credit history are bankruptcy, foreclosure,
judgments,
liens, charge-offs, repossessions, and slow payment history
Would you
like to own a home of
own, but your short on the down
payment?
Everyone qualifies!
No income
limitations!
6 sources that “ALLOW’ you the
down payment to buy a home!
1. You don’t
have to be a first time buyer
2. You don’t
have to borrow the money
3. You don’t
have to arrange some shady deal with the seller
4. This is a
new program that most realtors and loan officers don’t
even know about!
5. Works in all 50 states!
6.
Simultaneous closings
Are you tired of renting and paying someone else’s mortgage?
Why is your landlord getting the equity and tax benefits while
you get an
endless stream of non-tax deductible rent receipts?
How would you like to be able to qualify
for a home loan with
NO BANK
involved?
We ask that
you consider our "SOON
TO BE HOMEOWNERS" SIMULTANEOUS CLOSING PROGRAM, (it cost
you nothing) We can
provide something very creative, yet GUARANTEED SAFE and
acceptable for YOU and those that are working with YOU. Previous
credit history or income status, does not predetermine a
consideration for
approval. Bank rejects, bankruptcies, and foreclosures are all
OK. We
will design a program for income checks or no income checks,
programs
for high debt ratios etc.; we are only limited by our own
imagination. E-
mail us at
richard@notecIearinghouse.com with complete details of
your
contemplated home purchase, we will then immediately process
your
request and respond to you the same day, with a positive
response. You
can visit our site at:
http://www.maxicash.com
Have you suffered from lousy credit for
some reason or other?
Are you self-employed? Have you been turned down by the bank or
mortgage company for some petty thing that appeared on your
credit
report?
I can offer you “special financing” even
though, the usual
traditional sources may have turned you down for any
reason.
Together we can make this work to your advantage and get you
into that
home of your own right now without delays. I am a private
investor, and
use my own money to make purchases for my own portfolio, you
will not
have to make any more trips to the bank to qualify once we know
all of
the details. Equally important, we have seen closings take place
within
48 hours of receipt of all documentation. Our proven creativity
will
simplify your life.
Do you have a
FICO credit score of at
least 550+?
We are not Realtors, or brokers; we are
private investors with
private money, willing to help good people buy a home even
though
traditional mortgage companies or Banks may have turned them
down. If
you have at least 5% for a down payment and are employed we can
help
you. We do this by owner financing.
Have you ever worked with
CASH SUBSTITUTE?
Rehabbed
Property OK! No problems with buying a
distressed
property, rehabbing it & then selling at fair market value.
Property must
be in “as is” and “average” livable condition.
Self Employed OK! There are no stringent guidelines for
self-employed
individuals.
No Income Verification! Don’t bother scraping together
old pay stubs.
Ultimately, this will depend on the credit of the person making
the
payments.
No Asset Verification! No verifications of down payment,
401 K’s,
retirement accounts, real estate owned, etc. This too, is
dependent on the
credit of the payer.
No PITI Reserves! Reduce the amount the borrower needs to
close by
eliminating reserves for taxes and insurance.
No
Survey Or Termite Reports! Save time and money! (These
reports
are not needed unless required by the title company or requested
by the
buyer.)
FAST & EASY Closings! Skip the “red tape” & “jumping
through
hoops” like with regular bank loans.
Would you like to do something GOOD for
yourself and your family?
National Note Buyers will work hand in hand with you being able
to
offer seller financing to property buyers, at closing the note
is then
converted to cash.
These proven programs are used daily by Real Estate Brokers and
Agents and smart property seller to make deals work that would
probably
never, ever close.
BENEFITS OF SELLING US YOUR NOTE:
1. To relieve a need for
cash in a hurry.
2. Cash to you for
re-investing.
3. Cash for relief of
bill collectors.
4. Cash to you relieving
possible delinquency, foreclosure,
or bankruptcy concerns.
5. No more IRS reporting requirements.
6. No more STRESS about the
destruction of the property.
7. No more concern of divorce
or death of the parties.
8. No more worrying about real estate taxes being paid.
Some advantages to the
SELLER:
1. Broader base of
potential buyers
2. Increased marketability
3. Faster sales
4. Top prices paid
5. Cash at closings
6. Seller can defer some
of the gain on his sale by taking back
part of this money now and the other part of it later by
holding on to the note.
Advantages to the BUYER
1. No loan origination fees
2. No points
3. No prepayments
(unless required)
4. Smaller title
cost
5. No bank regulation
6. Fixed interest rate
7. No credit fees
8. Liberal underwriting
9. Lower down payment
10. Buyer can purchase more expensive house with more
flexible financing
Some other reason to USE
SELLER FINANCING
I. The property
does not qualify for traditional financing for
various underwriting reasons.
2. The seller of the
property would prefer to receive a monthly
income (principle and interest) over a period of time.
3. Seller financing
expands the number of potential buyers for
that property, because they can by pass the hassles of
traditional bank financing, if seller financing is offered.
4. If the real estate
market is your are is slow and your
property has remained unsold for a longer period of time
than usual.
Did your BANK say “NO”?
No up front fees ever....
No extra charges....
No special deposits....
This is a no frills, no trick program that most people
can qualify for
easily as long as you can afford the monthly mortgage payment.
We will arrange
everything for you, all you have to do is find the HOUSE of your
CHOICE and be able to come up with at least 5% for your down
payment for the home seller.
Note Clearing House purchases existing owner- financed
FIRST
mortgage notes or trust-deeds nationwide. We will provide cash
liquidity
for real estate owners who may have sold property in the past
and
would prefer having their CASH NOW
instead of receiving monthly
payments, wondering if they will every live long enough to
collect from
slow payers.
Our flexibility and
experience allows us to provide
fast confidential service to our clients and to allow
for the most competitive pricing in the industry.
We buy for our own portfolio in most cases, however over the
years we
have developed a strong investor network that supplies us with
the
necessary cash to continue making purchases on any residential
single-
family unit up to four family or condominiums whether they are
owner
occupied or non-owner occupied.
We have enough resourcefulness to evaluate your note. All of our
quotes
are priced on a case-by-case basis, depending on their unique
features.
Yield requirements will depend on the risk. The factor that will
affect
values are considered prior to our purchases, they might include
loan to
value ratios, property types, loan type, remaining terms,
appraisals,
seasoning, delinquency ratios, occupancy status and geographic
locations etc.
Remember if you just “sit there and do
nothing,” the results will always be the
same...
“NOTHING”. So pick up the
phone and lets make a deal.
In an effort to help you to buy or sell a house of your own,
we have added the following hyperlinks that will take you to
other pages so
you can spend time and read all about what we have to offer.
DON'T LET OPPORTUNITY
PASS YOU BY CLICK NOW! FOR INFORMATION THAT CAN CHANGE YOUR
LIFE.
Inheritances-Annuities-Structured Settlements
A
Court Order must be issued Prior to Selling Your Structured
Settlement or Annuity.
On January 22, 2002, President, George W.
Bush signed into law a bill that
protects individuals when selling their structured settlement
payments to meet un-planned future financial needs. This new law
makes all structured settlement payment sales subject to a court
order. If there is no court order, a tax that is approximately
equal to 40% +1- will have to be paid on the total amount of
payments being sold. This new law helps those individuals from
being defrauded.
The Selling
Annuity/Structured Settlement Process
There are a number of different programs
whereby an individual can access any portion of their annuity.
The selling annuity of a structured settlement process firstly
requires that a court order be obtained which authorizes the
sale. This is required by all states and by Federal Statute. The
advantage of needing a court order prior to selling the annuity
helps to protect you. The court helps to determine that you are
receiving a fair amount when selling the annuity and that any
remaining payments that aren’t sold are protected.
Structured settlement transactions must be accomplished
according to strict legal guidelines. A Transfer and Assignment
Agreement is executed with the seller following full disclosure
of the price and other contractual terms. The sale is announced
to all interested parties (payment beneficiaries, insurance
companies) and then must be approved by a judge.
Personal injury claims used to be settled merely by exchanging a
sum of money for a release of the claim. In contrast, a
Structured Settlement goes beyond an immediate cash payment and
provides future payments “structured” over time to meet a
person’s ongoing financial needs. A structured settlement may
provide payments for a certain period of time or extend
throughout the lifetime of the injured person.
Please note that it takes at least 60-90 days, from initial
contract to final funding, to complete the process.
CAUTION... anyone claiming that it takes less time is not
telling the truth! We will always attempt to set realistic
expectations for our customers. We will not make wild promises
that cannot be kept. We know that our customers want and need
their money NOW, but the law requires that a judge approve the
transfer of payment rights, and that takes time. We keep every
customer updated each day, if necessary, doing whatever is
possible to speed up the process., and getting you your CASH.
People receive structured settlement payments as the result of
legal action. If one party sues another, there might be a
settlement and the defendant might agree to make payment over
time (annuities-structured settlements. The defendant, in
conjunction with an insurance company, purchases an annuity
policy from another insurance company. The annuity policy makes
payment now and in the future to the original lawsuit’s
plaintiff.
Come On In -
We’re here to serve you!
SIMULTANEOUS
CLOSINGS?
NOTE & TD CLEARINGHOUSE
"TABLE FUNDING OR
DOUBLE CLOSINGS"
Inheritances-Annuities-Structured Settlements
Good credit, bad credit, no credit, blemished credit, we've all
been late a few times in the past. Let us work for you...
What exactly is a "Simultaneous closing"?
It is a
process by which someone selling their property can carry the
note or take back the note on the property and sell the note at
the same time they close on the sale of the property. Thus
they sell the property and the note virtually at the same time.
The costs
are about the same as a regular bank loan closing without the
red tape of conventional loan qualifying. These costs can
even be worked into your deal by adjusting the terms of your
mortgage note.
Simultaneous closings are not for everyone but more people
will qualify for this type of program than with a traditional
bank loan. Although called a simultaneous closing the
carry back note is actually sold and transferred after the real
estate closing and title has transferred. This happens
for all practical purposes as "simultaneous" but is in reality a
two-step transaction.
By using
our experience, we can help people who have been rejected
through other sources for a mortgage due to past credit
problems. Not
being on the same job long enough, no bank or checking
accounts, self-
employed or problems with income verification even bankruptcy.
Unlike
Banks or Mortgage companies we don’t put to much stock in
credit
reports etc. We basically know that as long as we can verify
a minimum
down payment that you, our client make, you then would become an
excellent choice for us to finance your new home. In other words
we
consider giving you a choice, because of your character, and a
promising
outlook for a BETTER
future.
It
seems like nowadays everyone is ready to promise you this and
guarantee you that.., but few actually are able to perform.
Remember,
something that is new can be frightening, but we answer all of
your
questions upon request and
we don't charge any
front fees.
Let me go one step further, to help you understand simultaneous
closings, or table funding. Over the past 15 years or so, this
program has
proven to be a very popular vehicle to use in various situations
like
properties that are “slow movers”, for divorce settlements,
estate sales
non-qualified buyers, motivated sellers, properties that don’t
appraise out
etc.
The “word” simultaneous closings is often used to describe
transactions
that occur when the seller is carrying back a note, as payment
for their
property, with the specific intention of selling the note for
cash. Often
times simultaneous closings can bring back a dead deal back to
life.
Not only
is using the vehicle because it is less expensive, fast, with
less
paperwork, and more reliable than conventional or even sub-prime
financing, this also allows the seller to get the
full-appraised price for the
property they are selling. After the documents are signed the
buyer gets
title to the property and we here at National Note Buyers
purchase the
newly created note from the seller for CASH at a pre-agreed
price and
the transactions closes.
How do I APPLY for one?
If the Buyer has a job and has put 5% to 10%
down, the mortgage you
create will be purchased at closing. The average purchase price
is
between 75% to 85% and sometimes as high as 95% of the note
balance
subject to due diligence. There are some cases that will
require the Seller
to hold a second mortgage.
Simultaneous Closings are a great tool for people trying to sell
their
homes. Buyers can be identified quickly and, by working with an
investor
or funding company familiar with simultaneous closings, the
whole
process can be a quick and easy method of selling or buying a
property.
A commitment to purchase the newly created note at closing is
then
obtained from a note buyer, generally at a discount. From that
point, the
deal proceeds through escrow. Shortly after closing, the
Seller’s note is
then sold to the investor, and the seller receives the cash in a
second
closing. In this manner, the Seller is able to get his/her
equity much the
same as she/he would with a typical financed closing.
TEN REASONS FOR YOU TO CONSIDER HOME
OWNERSHIP
For many Americans, the ability to own a home is one of the most
important advantages of living in our country. Just consider
some of the
benefits of home ownership that are important.
SECURITY - your
home is your “castle” giving you the comfort of having
your own little corner of the world. Your home is a stronghold against
inflation, Because if prices go up, so does the value of your
home.
INVESTMENT - as
each monthly payment is made you own more and
more of your home. Each improvement you make not only enhances
the
livability of your home but it adds to its investment value.
TAX ADVANTAGES -
real estate taxes and the interest on your mortgage
loan or loan contract are deducible from your income tax.
CASH EQUITY -
your home mortgage dollars are actually invested in a
way that will keep pace with inflation and help to keep you in a
favorable
economic position.
FINANCIAL INDEPENDENCE
- home ownership can be a good
foundation around which to build a personal financial program.
CREDIT - owning a
home can help you establish financial credibility and
the equity can be a source of investment funds too.
A LIFESTYLE STATEMENT
- your home and your community reflect
your lifestyle and provide a sense of belonging. When you own a
home,
you sink roots in a community.
PRIDE AND SATISFACTION
- your home is a source of pride, offering
you privacy, freedom and independence.
It shows you now have more
STABILITY.
Acts as collateral in an
EMERGENCY.
Does your credit suck?
A
popular misconception, but this is definitely not the case. On
the
contrary, many creditworthy buyers are simply unable to qualify
for a
conventional loan because they don’t fit lender’s guidelines.
Self-
employment, multiple income properties, “creative” reporting on
income
taxes, ability to prove income.... All of these and many more,
are reasons
why buyers seek seller financing as an alternative to the
traditional
lending market.
Credit Scoring - How it Works
Credit scoring is a statistical method that
lenders use to quickly and
objectively assess the credit risk of a loan applicant. The
score is a
number that rates the likelihood you will pay back a loan.
Scores range
from 350 (high risk) to 950 (low risk). There are a few types of
credit
scores; the most widely used are FICO® scores, which were
developed
by Fair Isaac & Company, Inc..
Credit Reporting Agencies collect information about you and your
credit
history from public records, your creditors and other reliable
sources.
These agencies make your credit history available to your
current and
prospective creditors and employers as allowed by law. Credit
agencies
do not grant or deny credit.
Different portions of
your credit file are given different weights.
They are:
• 35% - Previous credit performance (specific to your payment
history)
• 30% - Current level of indebtedness (current balance compared
to
high credit)
• 15% - Types of credit available (installment loans, revolving
and
debit accounts)
• 5% - Pursuit of new credit (number of inquiries)
Having blemished credit does not mean you can't qualify to
purchase or
refinance a home. There are many types of loan programs
available to
customers with a less than perfect credit history. Some of the
typical
problems we see in credit history are bankruptcy, foreclosure,
judgments,
liens, charge-offs, repossessions, and slow payment history
Would you
like to own a home of
own, but your short on the down
payment?
Everyone qualifies!
No income
limitations!
6 sources that “ALLOW’ you the
down payment to buy a home!
1. You don’t
have to be a first time buyer
2. You don’t
have to borrow the money
3. You don’t
have to arrange some shady deal with the seller
4. This is a
new program that most realtors and loan officers don’t
even know about!
5. Works in all 50 states!
6.
Simultaneous closings
Are you tired of renting and paying someone else’s mortgage?
Why is your landlord getting the equity and tax benefits while
you get an
endless stream of non-tax deductible rent receipts?
How would you like to be able to qualify
for a home loan with
NO BANK
involved?
We ask that
you consider our "SOON
TO BE HOMEOWNERS" SIMULTANEOUS CLOSING PROGRAM, (it cost
you nothing) We can
provide something very creative, yet GUARANTEED SAFE and
acceptable for YOU and those that are working with YOU. Previous
credit history or income status, does not predetermine a
consideration for
approval. Bank rejects, bankruptcies, and foreclosures are all
OK. We
will design a program for income checks or no income checks,
programs
for high debt ratios etc.; we are only limited by our own
imagination. E-
mail us at
richard@notecIearinghouse.com with complete details of
your
contemplated home purchase, we will then immediately process
your
request and respond to you the same day, with a positive
response. You
can visit our site at:
http://www.maxicash.com
Have you suffered from lousy credit for
some reason or other?
Are you self-employed? Have you been turned down by the bank or
mortgage company for some petty thing that appeared on your
credit
report?
I can offer you “special financing” even
though, the usual
traditional sources may have turned you down for any
reason.
Together we can make this work to your advantage and get you
into that
home of your own right now without delays. I am a private
investor, and
use my own money to make purchases for my own portfolio, you
will not
have to make any more trips to the bank to qualify once we know
all of
the details. Equally important, we have seen closings take place
within
48 hours of receipt of all documentation. Our proven creativity
will
simplify your life.
Do you have a
FICO credit score of at
least
550+?
We are not Realtors, or brokers; we are
private investors with
private money, willing to help good people buy a home even
though
traditional mortgage companies or Banks may have turned them
down. If
you have at least 5% for a down payment and are employed we can
help
you. We do this by owner financing.
Have you ever worked with
CASH SUBSTITUTE?
Rehabbed
Property OK! No problems with buying a
distressed
property, rehabbing it & then selling at fair market value.
Property must
be in “as is” and “average” livable condition.
Self Employed OK! There are no stringent guidelines for
self-employed
individuals.
No Income Verification! Don’t bother scraping together
old pay stubs.
Ultimately, this will depend on the credit of the person making
the
payments.
No Asset Verification! No verifications of down payment,
401 K’s,
retirement accounts, real estate owned, etc. This too, is
dependent on the
credit of the payer.
No PITI Reserves! Reduce the amount the borrower needs to
close by
eliminating reserves for taxes and insurance.
No
Survey Or Termite Reports! Save time and money! (These
reports
are not needed unless required by the title company or requested
by the
buyer.)
FAST & EASY Closings! Skip the “red tape” & “jumping
through
hoops” like with regular bank loans.
Would you like to do something GOOD for
yourself and your family?
National Note Buyers will work hand in hand with you being able
to
offer seller financing to property buyers, at closing the note
is then
converted to cash.
These proven programs are used daily by Real Estate Brokers and
Agents and smart property seller to make deals work that would
probably
never, ever close.
BENEFITS OF SELLING US YOUR NOTE:
1. To relieve a need for
cash in a hurry.
2. Cash to you for
re-investing.
3. Cash for relief of
bill collectors.
4. Cash to you relieving
possible delinquency, foreclosure,
or bankruptcy concerns.
5. No more IRS reporting requirements.
6. No more STRESS about the
destruction of the property.
7. No more concern of divorce
or death of the parties.
8. No more worrying about real estate taxes being paid.
Some advantages to the
SELLER:
1. Broader base of
potential buyers
2. Increased marketability
3. Faster sales
4. Top prices paid
5. Cash at closings
6. Seller can defer some
of the gain on his sale by taking back
part of this money now and the other part of it later by
holding on to the note.
Advantages to the BUYER
1. No loan origination fees
2. No points
3. No prepayments
(unless required)
4. Smaller title
cost
5. No bank regulation
6. Fixed interest rate
7. No credit fees
8. Liberal underwriting
9. Lower down payment
10. Buyer can purchase more expensive house with more
flexible financing
Some other reason to USE
SELLER FINANCING
I. The property
does not qualify for traditional financing for
various underwriting reasons.
2. The seller of the
property would prefer to receive a monthly
income (principle and interest) over a period of time.
3. Seller financing
expands the number of potential buyers for
that property, because they can by pass the hassles of
traditional bank financing, if seller financing is offered.
4. If the real estate
market is your are is slow and your
property has remained unsold for a longer period of time
than usual.
Did your BANK say “NO”?
No up front fees ever....
No extra charges....
No special deposits....
This is a no frills, no trick program that most people
can qualify for
easily as long as you can afford the monthly mortgage payment.
We will arrange
everything for you, all you have to do is find the HOUSE of your
CHOICE and be able to come up with at least 5% for your down
payment for the home seller.
Note Clearing House purchases existing owner- financed
FIRST
mortgage notes or trust-deeds nationwide. We will provide cash
liquidity
for real estate owners who may have sold property in the past
and
would prefer having their CASH NOW
instead of receiving monthly
payments, wondering if they will every live long enough to
collect from
slow payers.
Our flexibility and
experience allows us to provide
fast confidential service to our clients and to allow
for the most competitive pricing in the industry.
We buy for our own portfolio in most cases, however over the
years we
have developed a strong investor network that supplies us with
the
necessary cash to continue making purchases on any residential
single-
family unit up to four family or condominiums whether they are
owner
occupied or non-owner occupied.
We have enough resourcefulness to evaluate your note. All of our
quotes
are priced on a case-by-case basis, depending on their unique
features.
Yield requirements will depend on the risk. The factor that will
affect
values are considered prior to our purchases, they might include
loan to
value ratios, property types, loan type, remaining terms,
appraisals,
seasoning, delinquency ratios, occupancy status and geographic
locations etc.
Remember if you just “sit there and do
nothing,” the results will always be the
same...
“NOTHING”. So pick up the
phone and lets make a deal.
In an effort to help you to buy or sell a house of your own,
we have added the following hyperlinks that will take you to
other pages so
you can spend time and read all about what we have to offer.
DON'T LET OPPORTUNITY
PASS YOU BY CLICK NOW! FOR INFORMATION THAT CAN CHANGE YOUR
LIFE.
For more information on "For Sale by
Owner"
click
here:
For more information on "Buyers Wanting
homes"
click
here:
For more information on "Simultaneous
closings"
click here:
Contact Information
NOTE
CLEARING HOUSE
P.O. BOX
3492
SPRINGFIELD,
MA 01101
Call 413-592-3381 or FAX
413-594-5516
richard@noteclearinghouse.com
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