We buy owner financed notes at the closing table and help property owners and realtors do real estate simultaneous closingSimultaneousClosing.com - The Simultaneous closing place on the webWe buy owner financed notes at the closing table and help property owners and realtors do real estate simultaneous closing

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Click here to get the details of our e-book: Simultaneous Closing

 

Click here to request a free quote for your real estate simultaneous closing deal

Owner Financing, Owner Finance, Owner Backed Financing, We Buy Owner Financed Notes Nationwide offering top dollars. 1-856-751-8254

 

Owner Financing sells properties fast

 

We help property owners and investors/rehabbers selling real estate nationwide through owner financing and by purchasing the notes nationwide using simultaneous closing.

 

Important Update : To find out how the current real estate market situation is affecting simultaneous closings, click here.

 

It is a very well known fact that Owner Financing sells properties fast, especially in cases where properties or prospective Buyers do not conform to traditional lending/mortgage requirements. The Seller offers to hold the mortgage note (owner financing mortgage) and receive the monthly payments from the Buyer as a bank would.

The problem with this approach has been that Sellers sometimes don't want to collect small monthly payments, but instead want to cash out at closing to buy another property, to cover closing costs or for many other reasons. There are many benefits of owner financing, but sometimes these are not enough to help close a deal.

The solution to this dilemma is right here. We can do a Simultaneous Purchase!

Basically, this is how a Simultaneous Purchase of a real estate note works:

  1. The Seller sets the sale price to exactly the appraised value and advertises "Owner  Will Finance...No Bank Qualifying!"

  2. Interested Buyers go through a pre-qualification process to determine the best prospect

  3. The Seller and Buyer agree on the structure and terms of the note to be created (we can  provide some guidelines) and sign a Real Estate Purchase Contract

  4. At closing the Seller creates a 1st mortgage and simultaneously sells/assigns the mortgage note to us

  5. The Seller receives the Buyer's down payment plus the proceeds from the sale of the note (we pay top dollars for 1st mortgages). In a Simultaneous Purchase (or Simultaneous Closing deal) the Seller normally covers closing costs from his proceeds.

 

 

Example :

 

Letís say the Seller owns a property that has been appraised at $100,000, but because itís not a conforming lot, he is having problems getting qualified buyers. Buyers donít seem to commit to the purchase and the ones that do, donít get their mortgage approved by the Bank..

 

The Seller has the house advertised at $90,000, expecting to get $80,000-$85,000 after incentives and costs have been paid out. But not even this price is attracting real buyers.

 

This is where we step in. We would advise the seller to create a $90,000 note, the rest ($10,000) would be the downpayment.

The interest rate may be 8%, term 360 months, paying $660.39 mnthly (Principal + Interest).

We would buy this note for approximately $81,000 cash on closing day or shortly thereafter.

Add the downpayment and the seller gets $91,000, minus closing costs.

 

This deal attracts a good number of buyers and in a few days, the Seller makes up his mind and accepts one of the offers.

 

On closing day or shortly thereafter, we make the purchase and the Seller gets his money. A perfect example of how Simultaneous Closing of a Seller Financed mortgage makes a real estate sale possible. There are no hidden fees or costs other than the regular real estate closing costs that have to be paid anyway.

 

If you are considering owner financing in order to sell your property, we could provide you with a 5 4 free, no obligation quote. 

We take pride in providing our clients with the highest possible price for their notes, as well as quick, professional, and personal service.

You can also obtain a free  detailed description of the Temporary Seller Financing program by registering below and requesting the 'Simultaneous Closing Report'.

 

Simultaneous Closings Revealed:

If you are serious about doing simultaneous closing, you may want to consider getting our e-book 'Simultaneous Closings Revealed'.

 Simultaneous Closings Revealed

  • Get into a simultaneous closing transaction knowing what to expect and how to deal with potential problems.

  • Learn how much money you should expect out of this transaction.

  • 4 tips on how to maximize the dollars you get.

  • The 3 things that you should do to smooth out a transaction.

  • Get familiar with the deal structures that will put more money in your pocket.

  • Find out what structures are usually more successful and how to improve your chances.

  • Learn how to use simultaneous closings even if there are underlying mortgages or liens on your property.

  • Get the insider's view on this technique. Nothing held back.

  • This information is priceless to the homeowner and investor that wants to sell a property quickly.

  • Full 60 day 100% money back guaranteed !
     

                                       Click here to get all the details  

 

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SimultaneousClosing.com
 Reef Investments, Inc
532 Old Marlton Pike # 226, Marlton, NJ 08053
856-751-8254
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