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By creating the
Note, many Sellers are concerned that:
-
The payments
will not arrive on time.
-
The payments are
properly recorded.
-
The Buyer (now the Payor)
will not pay the property taxes or the
insurance.
-
The Payor will default
on the Note.
-
The Payor or heirs may
be problematic.
-
The Payor may lose
his income.
-
The Payor may devalue
the property.
-
The Payor may encumber
the property with liens, judgments, bankruptcy,
etc.
-
The property may need to
be taken back resulting in costs and hassle.
-
You are not saving
any of the monthly payment income and you will
not have accrued any of the income over time.
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Your long-term (20 to 30
year) note may out-live you or your ability to
enjoy the money as it comes in.
-
Your heirs
will inherit a long-term Note that when split
between the families make the monthly income
insignificant.
-
The Interest Income
on the Note is taxable, while your personal
debts (such as credit cards, auto and boat loans,
etc) are incurring high interest rates and balances.
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An advantage to getting
cash now may be for:
- Paying Medical Bills
- Paying off Credit cards
and other debts
- Paying for College or School
Tuition
- Vacation
- Weddings
- Taxes or Judgments
- Starting a Business
- Retirement
- New Investments
When you convert part
or your entire loan into cash, you gain several advantages
in addition to immediate cash:
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You don't have to
worry about the payments you receive each month
slipping away on life:'slittle expenses.
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You receive a substantial
sum of cash right now – enough to accomplish some
major goals.
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You don't have to
worry about collecting monthly payments or servicing
your contracts; we handle all of that.
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You don't have to
worry about whether the taxes and insurance premiums
are paid each year to protect your investment; we
handle all of that.
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You don't have to
worry about whether your Borrower will continue
to make his payments.
How Can I Sell My Note?
All you need to do is request a quote...
or contact us. Let us clearly
present a few options, then decide for yourself whether turning
your Note into immediate (full or partial) cash makes the
most sense for you. You are under no obligation, and the choice
is yours.
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