June 2015 - Nationwide Secured Capital

If you need to sell your home for its maximum value, regardless of the reason, opting to sell it to a note buyer is almost certain to be the perfect answer. With a team of expert note buyers, Nationwide Secured Capital purchases property throughout the United States. If you are unfamiliar with what a note buyer is, as well as how the process of selling your home to a note buyer works, the following will provide you with all the answers you need, as well as a look at the benefits you will experience.

What is a Note Buyer?
Occasionally referred to as a real estate lien buyer, a note buyer is one person or a group of people who purchase real estate notes (mortgage loans) and contract deeds on residential, commercial, and manufactured properties, as well as land in exchange for cash. In some situations, a note buyer will pay cash for a structured legal or contractual settlement, lottery winnings, or life insurance policy.

A Quick Look at the Note Buying Process
After you contact Nationwide Secured Capital by filling out a simple information worksheet and request a free quote, our underwriters will evaluate your note at the maximum cash purchase offer. In addition, we will make you aware of any important variables or other information that can impact the market value of your note from day one. We do not charge any fees up front or at closing. At the time of closing, you will receive the full contract purchase price of your note.

What are the Benefits of Working with a Note Buyer?
There are numerous advantages associated with selling your home to a note buyer including:

It maximizes the amount of money you receive. When you sell your home through a real estate agency, you are responsible for paying your agent a percentage of the selling price, which cuts into your money. When you sell your home to a note buyer, you receive the full contract price.

You receive your money quickly. Again, selling your home through an agency takes time and effort. Once you accept an offer, which may be as little as a week or over an entire year after your home goes on the market, you usually have to wait another 30 days for the closing, where you will finally receive your money (minus the seller fees, of course).

You won’t have to go through the tedious process of selling your home. From cleaning and repainting to renovating and staging, selling a home is not easy. In fact, it is not unusual for a homeowner to have to put money into their home in order to sale it.

You will get the cash you need now to accomplish your goals. While this primarily applies to individuals who are selling a settlement, lottery winnings, or life insurance policy that will no longer have to wait to collect their monthly payment, it is also beneficial to anyone selling a mortgage note. For example, if you want to go back to school, but don’t want to take out student loans, you will have the money you need.

You can use the cash to pay off other debts. If you have a significant amount of high-interest rate credit card and loan debt, you can pay it off with the money you receive and move on with your life. Getting rid of the financial responsibilities you are holding over your head will give you freedom. You can work on your credit, try something new, travel, start a business, or anything else you simply can’t do right now.

If you are ready to sell your mortgage note, it is important to work with an experienced note buyer you can trust. Nationwide Secured Capital is ready to help you complete this process as quickly and easily as possible.

HOW SELLER FINANCING CAN WORK FOR YOU

Are you thinking about selling your property TODAY?
Do you need to sell it QUICKLY? Maybe you need ALL of the money NOW, or have relocated or found another house to live.
Has your property been sitting on the market longer than you want?
Do you have interested buyers but they are not qualified for a traditional loan at the bank?
Can you NOT “wait it out” until market conditions improve for it to be easier to sell your property and get what you are looking for?
DO YOU WANT TO SELL YOUR PROPERTY FAST?!?!

If you answered “Yes” to any of the above, then read on.

Creating a Seller Financed Mortgage Note will help you sell your property FASTER in any market…AND you can also walk away with cash in your pocket shortly after closing when you create your note correctly

What is a seller financed mortgage note?

The seller takes on the role of the lender. The seller extends credit to the buyer in order for the buyer to purchase the house.

WHAT IS A SELLER FINANCE NOTE AND HOW IT CAN HELP YOU

The pool of eligible buyers who are qualified to purchase your property with a loan is considerably smaller than it was a few years ago. This is due to the collapse of bank lending from bad loans the bank made. There are now many good buyer/ borrowers out there who cannot obtain a bank loan. There is no place for them to turn. They would love to buy your property!

NOTE OVERVIEW

A Seller Financed Mortgage Note, also known as a promissory note (Note), is a written promise by the buyer of your property to pay a certain amount of money in the future – normally as a series of payments, and its’ payment in full is normally secured by property that you have sold to the buyer, (the property acts as collateral guaranteeing you will be repaid).

You can loan money to your buyer (and become a lender), when you sell your real estate. You do this with seller financing and carry back a Note. You essentially provide them some or all of the money they need to purchase your property or business – with the agreement that they would pay you back with interest. Normally the property acts as collateral on that loan.

SELL YOUR PROPERTY FASTER WITH A NOTE

A Note will help you sell your property FASTER in any market because:

Seller Financing is faster than a traditional loan. It can happen as quickly as 21-30 days. This solution is great for Rehabbers & Flippers.
You increase marketability of your property by at least 20-25% if you offer Owner Financing because you are able to attract an expanded and larger pool of buyers who do not qualify to the stringent traditional bank loans in today’s market; e.g. lower credit scores, good credit with past bankruptcy or foreclosure, poor credit.
You are offering a financing Solution for Properties that Banks don’t fund…these are outside the Bank-box. Some Properties (and Buyers as mentioned above) do not qualify for a traditional bank mortgage due to bank restrictions; e.g. Mobile home & land, Churches, Mobile home parks, Storage units, Gas Station and/or Convenience stores, Land notes, etc.

A benefit is receiving top value. You can get full market value for your real estate. Since you’re able to sell to someone who can’t qualify for traditional a mortgage, you can get the price you are asking for. Banks and mortgage lenders rarely lend over the appraised value of a property.
Another benefit is Cashflow, Receive a steady stream of income. This is if you don’t need/want to have all the money at once; e.g. avoid taxes.

Related Articles

http://nationwidesecuredcapital.com/Sell-My-Note/seller-financing/
http://nationwidesecuredcapital.com/Sell-My-Note/the-process-of-selling-your-property-creating-a-note/
http://nationwidesecuredcapital.com/Sell-My-Note/how-to-sell-a-note-cash-today-versus-cash-in-the-future/
http://nationwidesecuredcapital.com/Sell-My-Note/how-to-structure-a-note-for-maximum-value/