Financing, Seller Finance, Simultaneous Purchase,
We Buy Seller Financed Notes Nationwide offering top dollars.
Seller Financing sells properties fast
We help property owners and
investors/rehabbers selling real estate nationwide
financing and by purchasing the mortgage notes
Update : To find out how the current real
estate market situation is affecting simultaneous
closings, click here.
It is very well known that
Seller 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 (seller
financing mortgage) and receive the monthly payments
from the Buyer as a bank would.
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. The benefits of seller financing
are many, but sometimes these are not enough to help
close a deal.
solution to this dilemma is right here. We can do a
Basically, this is how a Simultaneous Purchase of a
real estate note works:
The Seller sets the sale price to exactly the
appraised value and advertises "Owner Will
Finance...No Bank Qualifying!"
Interested Buyers go through a pre-qualification
process to determine the best prospect
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
At closing the Seller creates a 1st mortgage and
simultaneously sells/assigns the mortgage note
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.
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
This is where we step in. We
would advise the seller to
create a $90,000 note, the rest ($10,000) would be
the down payment.
The interest may be 8%,
term 360 months , paying $660.39 mnthly (Principal +
We would buy this note
for approximately $81,000 cash on closing day or
Add the down payment and the
seller gets $91,000, minus closing costs.
This deal attracts a good
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.
you are considering seller financing in order to
sell your property, we could provide you with a
free, no obligation quote.
take pride in providing our clients with the highest
possible price for their notes, as well as quick,
professional, and personal service.
can also obtain a free
of the Temporary Seller Financing program by
registering below and requesting the 'Simultaneous
Simultaneous Closings Revealed:
If you are serious about
doing simultaneous closing, you may want to consider
getting our e-book
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
Find out what structures
are usually more successful and how to improve
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.
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