American Group Funding, Inc. would like to acquaint you with our unique service to Owner Financed Mortgage Note Holders & Settlement Receivers. American Funding and our Associates are in the Business of Buying existing Real Estate Contracts, Mortgage Notes and Deeds of Trust, in most States. We convert long term income into cash now. You get the cash in hand today that you wanted when you sold your property. We also work with Structured Settlements that dribble payments in monthly or have future payments pending; we can convert those payments into a lump sum today.
Ultimately, you are searching for a Safe Harbor with Security for your money or investments. Your immediate situation may not be fulfilling this for you. What service we would actually be doing for you, is giving you cash up front for the purchase of payments that may never materialize…
Homeowners
A Problem
A Solution
Offer Owner Financing then Sell us the Mortgage Note through a Simultaneous Closing. Advertise that seller financing is available, with no points, and no qualifying. We can work with you for a simultaneous closing that sells the mortgage note to us at the same time. Thus you make the Sale for cash but don't collect any payments, and the buyer gets the new property with no points, nor qualifying. A Win / Win situation.
- $ 20,000 CASH DOWN PAYMENT
- PAYMENTS OF $ 1,646.53 PER MONTH FOR 10 YEARS
- BALLOON PAYMENT OF $ 1,64,920.26 DUE IN 10 YEARS
BUYER BENEFITS
PAID NO POINTS - LOW DOWN PAYMENT
APPROVED WITH LESS THAN PERFECT CREDIT
BOUGHT THE HOME THEY WANTED & CLOSED QUICKLY
MORTGAGE OFFER IS PURCHASED
YEAR 1 (Option # 1 of Many) YEAR 10
----------------------------------------------
$20,000
$150,000 $82,460
| SELLER BENEFITS | |
|---|---|
| SELLER RECEIVES | |
| $ 20,000 | CASH DOWN PAYMENT |
| $ 125,019 | CASH FROM SALE of ALL PAYMENTS & 1/2 of the BALLOON |
| ------------ | |
| $ 145,019 | TOTAL CASH RECEIVED NOW |
| $ 82,460 | BALLOON PAID OFF AT 10 YEARS |
| ------------ | |
| $ 227,479 | SELLER'S TOTAL CASH RECEIVED FROM SALE OF HOME |
The phrase "Simultaneous Closing" is 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. In other words, "Simultaneous Closing" just means, during an escrow closing, that there are two (2) separate closing transactions happening at the same time.
Documents are signed and:1. Buyer gets Title of Property & Seller Receives the Mortgage Payments
2. We buy the Mortgage Payments from Seller for Cash - Assignment
You Ask Yourself - Why should I think about selling my Mortgage Note? A Mortgage Note is only a promise to pay you cash over a period of time, a promise of future income that may never materialize…
The most prevalent reason might be, that you just need the cash now. Or For:
~
Contractors & Developers - Close out those Homes faster
Real Estate Agents - Make that Sale & Get Paid!
Discount Mortgage Fundamentals
Receiving Payments - Want Cash Up Front? - Cash Liquidity
Referrals & Finders
Request a Phone Call from AF
FREE EVALUATION, NO OBLIGATION
Painless - Settlement Questionnaire - Request for Quote
Painless - Mortgage Note Questionnaire - Request for Quote
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Email: GeneHorton@AmericanFunding.com
Disclaimer:
The information contained on this website is not intended as a solicitation, commitment or offer, and is not intended to convey any legal, tax, financial or other advise. All such advise should be obtained by an attorney, accountant or other professional of your choosing.
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