Real Estate Agents/Brokers

It is a well known fact that offering Owner Financing sells properties fast… especially with properties and / or buyers that do not conform to traditional lending requirements. But most sellers do not want to Tote the Note….. They want to cash-out at closing, or at least get a major portion of the sales price to pay off existing liens and meet other cash needs.

Using the Temporary Seller Financing strategy, the seller creates the note, much like a bank would do, and we purchase that note at, or right after closing (simultaneous closing). All notes are purchased at a discount depending upon a variety of factors, including property type, size of the note, interest rate, note terms and especially the credit score and profile of the buyer. We help structure the transaction to minimize the discount and to meet everyone's needs.

Example:

Sales Price of $100,000 (full appraised value). Let's assume the seller offers owner financing and gets a buyer right away. The terms are not negotiable! The seller is offering the financing--so he is in control.
Assume buyer puts 10% down, or $10,000 so seller creates a 90% first mortgage for $90,000.
Assume we buy that mortgage for $81,000 (90% of the balance).
Seller receives the $81,000 for selling the note plus the $10,000 down payment from the buyer--for a total cash amount of $91,000 at closing.
The Agent receives his/her commission on the full $100,000 Sales Price rather than the $91,000 that the seller actually received.

Everyone wins with Temporary Seller Financing. The seller gets cash out at closing, the buyer gets a property he could not otherwise purchase, and agents get commission based on full sales price. WIN! WIN! WIN!

Feel free to look at our Frequently Asked Questions for more detailed information.

Please contact us today via phone (410) 758-0098, email, or online to discuss strategies.