How a mortgage can sell a property

How A Mortgage Can Sell A Property!

The use of a private seller carryback mortgage (or deed of trust) to enable a property to sell quickly and profitably is one of the most dynamic and best-kept secrets in real estate today.

The benefits to the seller are immense: an immediate all-cash sale without having to pay any points or fees and without having to wait for (and hope the buyer passes!) the lengthy loan process.

The buyer receives financing at attractive terms without paying any points or fees or going through a drawn-out qualification process.

Private mortgages or trust deeds thus make sense for the seller, buyer -- and the agent!

We also purchase business notes the same way.


How does it work?

We are interested in transactions involving a buyer's down payment and a seller-held first or second mortgage or trust deed.

We contract to purchase that mortgage or trust deed.

IMMEDIATELY upon closing and the documents are recorded, the seller receives cash for the mortgage or trust deed he or she holds.



How does the seller know that the mortgage/trust deed will be purchased?

We sign a legal contract with the seller obligating us to purchase it. The seller knows what he or she will receive for the mortgage or trust deed before he even sells the property.

Is the mortgage sold at a discount?

Yes, but when discounting is necessary, our policy is to always strive to keep it to a minimum.

We can give the seller several options such as partial buy out, 10-12 deals or full buy out.

We never charge any points, fees or other expenses; our quote is always exactly what the seller will receive.

Remember that when seller financing is involved, the process is much quicker and smoother than dealing with a financial institution -- and much more likely to close!

What we can pay for a particular mortgage, trust deed or business note is of course determined by a number of factors: the lien position; the real estate securing the note; type of business, loan-to-value ratios; payment history (if any); payor credit history; owner-occupied vs. non-owner-occupied (if a house); amortized note vs. interest-only and balloon; interest rate and term of the note; and current market interest rates.

We pay the highest cash possible to the property seller for the mortgage, trust deed or business.

Just give us a call or email us to setup an note appraisal.

For more information on how to cash in on your mortgage