Creative Real Estate Financing

What Should I Look For When I Want To Purchase An Existing Home?

Sydney Griecci (Smiling Dog Enterprises) — Thu, 08 Jan 2009 20:24:59 -0600

What Should I Look For When I Want To Purchase An Existing Home

You should be on the look out for any major problems which may cause you significant problems and money later on down the line! It's a good idea to do your homework when you're looking to purchase an existing home or any home you may be considering.

You want to know what you should be looking for' Well consider some of these tips and information while you're shopping for an existing home:

1) Consider having a home inspection done on the property you're thinking about purchasing. This is very important! By having a home inspection, you will be provided with valuable information about the condition of the home you want to purchase by an independent expert. You can find a certified home inspector via the American Society of Home Inspectors(ASHI) www.ashi.org. You'll be glad that you hired an independent inspector to go over the home you may want to purchase. It may save you major headaches in the long run! Make sure to make the home inspection a contingency of the prospective purchase agreement of the home you're considering.

2) Look at the price the existing home is being sold for. In most cases you're able to get a better price for an existing home than you would for a new one. The existing home is usually in a neighborhood which is already established. In addition, the home will probably have upgrades already done. If you have children, schools are usually already established for the neighborhood that you may be planning to live in.

3) Try to steer away from existing homes which have some form of preexisting structural and roof damage. If you don't, this could cost you thousands of dollars in the long run!

4) If you decide to purchase an exiting home, you may want to establish a home maintenance account for any potential repair problems in the future.

5) Make sure you check out the landscaping of the home which of course includes the lawn, plants, flowers, bushes and trees! If there is a potential problem with the landscaping, you can put in your contingency agreement that this problem must be corrected by the seller, prior to you purchasing the home. This could save you money in the long run.

6) Research and investigate any easements on the property you're planning on purchasing. You want to make sure if there are any easements, that this will not create a problem for you in the long run.

7) Purchase title insurance! This will protect you from any potential problems that may come up about the legal owner of the property that you have purchased. The purchase of an existing home can be a good thing if you do your homework before and during your prospective purchase. There are some great deals on existing homes if you do your research. Just keep in mind some of the tips and information that you've learned, while you're planning to make your purchase. You'll be glad that you did.

For more articles, visit our blog on mortgage notes and creative real estate funding.

Tips for Cutting Taxes

Sydney Griecci (Smiling Dog Enterprises) — Wed, 31 Dec 2008 23:27:26 -0600

Tips for Cutting Taxes

As the calendar turns to another year, it's time to get 2008 tax information in order. Taking advantage of all opportunities can reduce the burden. Here are some opportunities, courtesy of the Internal Revenue Service, that are not widely known. If they don.t apply to your 2008 returns, this is a good time to consider them for the new year. In hiring, consider taking advantage of the Work Opportunity Tax Credit.

This was designed to provide an incentive to hire from certain groups with particularly high unemployment rates, including urban youths, government assistance recipients, ex-convicts, veterans and vocational rehabilitation referrals. The credit has been extended a number of time. Now it's combined with the welfare to work tax credit and extended through August 31, 2001. The combined credit is available for employers hiring from one or more of nine targeted groups. Depending on the group and circumstances, the maximum credit per employee ranges from $1,200 for qualified summer youth employees to $5,000 for long term family assistance recipients. If you own real estate, you might benefit from cost segregation.

Real estate holdings represent a significant capital investment. Cost segregation carves out shorter lived assets, which qualify for five, seven and 15 year write off periods, normally embedded in a building's construction or acquisition cost, and thus depreciated over 38 years. Reclassifying assets and accelerating depreciation could bring tax savings and easier write offs when items become obsolete. Reclassifying assets is most effective for property valued at $1 million or more. For retailers that are considering buying equipment, enhanced Section 179 may help. The Economic Stimulus Act of 2008 has two incentives for business that purchase, tangible personal property, for use in the business. The first enhancement Section 179 is expensing.

For property placed in use during the 2008 tax year, business can deduct up to $250,000. the deduction begins to phase out if the business spends more that $800,000. Before the Act, the Section 179 expense limit was up to $238,000, with a phase out beginning at $510,000. What property qualifies? Generally, the property must be newly purchased tangible personal property, actively used in the business and for which a depreciation deduction would be allowed. It must be used more than 50 percent for business.

Bonus depreciation is back, offering another incentive to purchase equipment. It is the second incentive in the Economic Stimulus Act. This incentive was used after 9/11 and after the gulf cost hurricanes, to encourage businesses to invest. The new law provides qualifying taxpayers 50 percent first year bonus depreciation of the adjusted basis of qualifying property.

To claim bonus depreciation, the assets must be new, qualified property put into service after December 31, 2007. Qualified property must be: "Property with a depreciation recovery period of 20 years or less." "Depreciable computer software that is not amortizable over 15 years." "Water utility property." "Qualified leashold improvement property." If purchasing equipment isn't practical, there are tax advantages to leasing. If you lease your equipment, you are allowed a full write off of lease expenses each year, no matter the size of your business or the dollar value of the leases.

How to make sure you get the highest price for your mortgage note

Sydney Griecci (Smiling Dog Enterprises) — Wed, 10 Dec 2008 23:44:27 -0600

How to make sure you get the highest price for your mortgage note.

1. Buyer’s credit. The better the credit rating of the buyers, the more valuable your note. 1. If they are a husband and wife, find out the credit rating of both of them. many time the wife is earning more than the husband.

2. Sale price of real estate. If this is MORE than the actual value of the real estate expect to take a bigger discount when you sell the note. An experienced note buyer wants to have some equity in the property in case the buyer defaults.

3. Third party buyer. If you sell to a family member or friend you WILL have difficulty collecting your payments.

4. Actual, provable value of the real estate. If you are taking back a first mortgage note there is no legal reason to have an appraisal. But if you intend to SELL the note, any experienced note buyer will want to know what the property is worth. It may be harder to access the property and have an appraisal done after you close on the sale.

5. Loan to Value ratio. LTV. For a note to be marketable the total LTV, that is including the first and second mortgage (if any) should be no more than 75% of the actual value of the property. However, if the buyer’s credit is good, this 75% could refer to the Investment to Value or ITV. In other words, the amount the note buyer is investing in the note. Thus if the property is worth $100,000 and the buyer has put down a 10% payment and has a $90,000 mortgage, you could get $75,000 (75% of the value) for your note.

6. Who are the buyers? If the buyers are husband and wife they BOTH need to sign the note. If the buyer is a corporation, trust or LLC then make sure the principals also PERSONALLY sign the note. If they refuse to do so this could be an indication they will let the note default if the deal doesn’t work out for them. Of of, this need not apply if the buyer is a substantial corporation. (I wouldn’t ask Bill Gates to personally sign on a note from Microsoft. But how about a note from WorldCom or Enron?) If the borrower is NOT a substantial corporation then the note could be either unsaleable or only saleable at a much larger discount to reflect the lack of personal liability.

7. Seasoning, aging. There is no doubt that a seasoned note, where the buyers have made payments for a year or more, is easier to sell and will get a higher price than a new one. But of course you won’t have this option if you want to do a simultaneous closing.

8. Institutional lender allows secondary financing. There are many institutional lenders, banks etc. that will not allow secondary financing behind their note. Why not? After all, their lien is senior anyway. One answer is simply that they do not want to the borrower to be stretched to make their payments. Also they would sooner the buyer put down more cash or pay for mortgage insurance (a fancy way of saying a higher interest rate.

9. Loan properly secured. If your mortgage is a second mortgage, it should be a properly recorded mortgage or deed of trust to comply with your local laws. Any documentary and intangible taxes should be paid. Without this the mortgage may be unenforceable.

10. Title insurance. You should have proper mortgagee’s title insurance.

11. Rights with respect to first mortgage, if you hold a second. If you are holding a second mortgage it should contain language to the effect that a default on the first mortgage is a default on the second. Also that you, as second mortgage holder have the right to check on the payment status of the first.

12. Interest rate. Other things being equal, the higher the interest rate, the higher the price you will receive. But be aware of laws concerning Usury and Predatory lending. A below market interest rate will demand a hefty discount to be saleable.

13. Length of note to short. Typically it is hard to sell a note with a short balloon, or a balloon due in just 6-12 months. The note buyer will be concerned that the borrower won’t be able to refinance and pay them off. But a loan with for example, 3-5 years to run, and a 30-year amortization is going to be saleable, other things being equal.

14. Length of note too long. The note buyer won’t usually want to wait 30 years to get paid off, but these notes can often be sold to institutional note buyers.

Mortgage Note Buyers Helping You Get The Most Money For Selling Your Mortgage Note

Sydney Griecci (Smiling Dog Enterprises) — Tue, 25 Nov 2008 23:41:48 -0600

All mortgage note holders want to know more about selling their mortgage note. Don't you?

Well, the popular way to get a lump sum of cash for your future payments is by using a mortgage note buyer. Most people don't realize they have different creative options when using a contract buyer that can keep them from getting the most money for their owner-financed mortgage note.

It may seem scary or challenging, but truly it is not, unless you do not know the answer to this question. Can I receive cash now and still hold part of the note? In other words, do I have to sell all of my note at once? At first glance, this may seem obvious that this is the best choice because it will get you the most money up front. For some people, it is.

When it comes down to it, it is up to you and your needs. If you need or want a large all cash payment and want to be out of the deal, rid of headaches and worries of a default buyer, avoid destruction of property, taxes and insurance, and would like a larger sum of money now instead of collecting small monthly checks, then a full sale is best. But let 's take a look at some more needs.

If you are just looking to get a larger down or some money to take care of some immediate needs or pleasures, then a partial payment may be better. Maybe you just want to lessen the amount of strain or burden of carrying the note and would like to sell just a portion of each monthly payment. Then a split payment option will be better for you. (This way you can go on vacation, consolidate debt buy a new car.

What is a partial? A partial is the purchase of a portion of an income streams remaining payments, or a purchase of a portion of a specific payment, or any combination thereof. There are many times when this may make sense. Let 's say that you have a new note and it has not been seasoned (length of time that a note has been in place and paid on), it has little or no down payment, and has poor credit by the payer. In this case, it would be better to sell only part of the future payments. It will get you more money in the long run because the mortgage note buyer would have less risk should the buyer default on the note. Then after the note has experienced seasoning you could sale the rest of the payments at a much higher percentage.

Let 's look at an example of this:

Sales price: $100,000 Down payment: $5,000 Original note balance:
$95,000 Payers credit: poor Seasoning: 1 month
Appraised property value: $100,000
Term: 360 months Interest: 10%
Remaining payments: 359
This is a low quality note because the buyer is not putting much money down, the pay back period is very long, and the buyer 's credit is bad. But you could still make out like a bandit by selling it as a partial. Let 's say you sold the first 120 payments (10 years) for $51,000.
After the 120th payment, the contract would be returned back to you.

The balance owed to you would be $86,391.12. You would then start to collect the payments from then on. Let 's see how this looks. Sales price: $100,000 Down payment: $5,000
Original note balance: $95,000 Contract written for 30 years @ 10%
Monthly payment: $833.69 Note buyer purchases first 120 payments for: $51,000 Total cash to home seller $56,000 (down payment + cash from note buyer) After 120 payments contract is returned to you with a balance of $86,391.12
Total money to you: $142,391.12 (including interest).

Not bad for a house that sold for $100,000.

So, what is a Split? A split is a purchase of a specified monthly amount. If you're getting to the point where you would like to enjoy some of the finer things in life, while still receiving a good monthly income, then a split payment is a great choice for you.

For example, if the monthly payment on a seller-financed note is $1,000, we could purchase $200, $500, $750, etc. of the monthly payment.

This will allow you to get cash now and then still collect a monthly income from the note. All in all, each situation is different and may need to be tailored differently to meet your needs. I can't say exactly what you will get for your individual situation, but I can say that you should walk away happy. S

elling your mortgage note should be much easier and more profitable now that you are armed with some creative options.

Get a free quote email us at quote@smilingdogenterprises.com

How to calculate a mortgage without a mortgage calculator

Sydney Griecci (Smiling Dog Enterprises) — Wed, 19 Nov 2008 22:21:25 -0600

In today 's world, taking out a mortgage is necessary for anyone who wants to invest in real estate or simply wants to put a roof over his head. Usually, to find out what a mortgage payment will be on a particular property, a potential buyer needs to contact a Realtor or bank to get a quote. By contacting either one, the buyer risks harassment from a Realtor who won't let go of a qualified buyer, or a lender who needs to lend mortgage money to stay in business. Any buyer in his right mind will only go to one of these salespeople when he is ready to go full speed ahead toward a closing.

So, what does a person who is in the early thinking stages of buying a home do? How do you know what the payment will be on a house a seller is asking $250,000 for when the bank is advertising 30-year mortgages at 7%? By the end of this article you will be making such a calculation in your head. You will be sprouting out the answer to complicated home buying scenarios just as fast as you can find the terms on the mortgage and the price on the house. $66.53 a Month First, remember this: $10,000 borrowed for 30 years at 7% will require a monthly payment of $66.53. So, it stands to reason $100,000 for 30 years at 7% requires a monthly payment of $665.30. Also take note you could figure out on a piece of paper with a pencil, $50,000 for 30 years at 7% is $332.65. Knowing these figures, you automatically know a $250,000 mortgage at 7% for 30 years will require a payment of $665.30 (for $100,000) and another $665.30 (for the next $100,000) and $332.65 (for $50,000).

This means the payment will be $1,663.25, or really, really close. A mortgage calculator gives the answer as $1,663.26, but for a wild guess, I'll take it. A 6% or an 8% Mortgage Of course, here you ask, "What if I find a mortgage with a lower interest rate?" Well in that case, remember this, $10,000 borrowed for 30 years at 6% costs the borrower $59.96 a month. This means a $1,000,000 mortgage for 30 years at 6% will be 100 times $59.96 or, a monthly payment of $5,996.00. Now, certainly that was easy. All we had to do was add 2 zeros!

Okay, what about if the interest rate is 8%? Here, a 30-year mortgage for $10,000 is $73.38 each month. So a $300,000 mortgage will come at a cost of 30 times that or, $2,201.40 a month. How About a 71/4% Mortgage? In reality, most times interest rates will not be exactly 6 or 7, or 8%. Even when this is the case, you still don't need a mortgage calculator. If you read about a 30-year $260,000 mortgage at 71/4%, for instance, and you want to know what the monthly payment will be, here 's what you do. Are you ready? Guess! That 's right! Just guess! You know 7% will cost you $66.53 per $10,000 a month and 8% will cost $73.38 per $10,000 a month.

You also know 71/4 is somewhere on the lower side between 7 and 8 so take a guess how much 71/4% will cost per $10,000 a month. My guess would be maybe, $68.50? I'll go with that. So, since it is a $260,000 mortgage we're trying to figure the payment for, we will multiply 26 (260,000 / 10,000) X $68.50. The answer is: $1,781. When I run $260,000 at 71/4% for 30 years through a mortgage payment calculator the answer comes out $1,773.66. So, our answer wasn't precisely right, but it was pretty close. In a case like this, even if we came out with an answer that is $20-$30 off, who cares? Before the real mortgage payment is determined, the cost of a homeowner 's insurance policy and property taxes will have to be calculated anyway. So, the best anybody can do at this point is guess.

There you have it. Now, you're a human calculator! As long as you're only concerned with 30-year mortgages, and today 's going interest rates, which are 6% to 8%, you can figure out mortgage payments in your head, or maybe with just a little help from a pocket calculator. I can sell your mortgage note Email Us

Creative Real Estate Funding For Buyers and Sellers

Sydney Griecci (Smiling Dog Enterprises) — Fri, 14 Nov 2008 21:25:10 -0600

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Most Often Asked Questions About Selling A Mortgage Note

Sydney Griecci (Smiling Dog Enterprises) — Wed, 12 Nov 2008 21:50:06 -0600

Mortgage note buyers exist to help you create, sell and understand your mortgage notes, contracts for deeds, trust deeds, and promissory note both residential and commercial. Below you will find 5 frequently asked question about selling your mortgage note.

5 frequently asked questions, that most note sellers have about selling their owner-financed mortgage note are:

1. How much cash can I get? There are many factors in determining the offer price for selling a mortgage note The main four are equity, seasoning, interest rate, and credit of payer. The more of these you have in your favor the larger lump sum you will get. This is why many mortgage note buyers offer a free no obligation quote. If you look through some of the questions there, you'll see that they are simple and only take a few minutes to fill out. These type of questionnaires are designed to keep you from having to dream about how much money you will get. The coolest part about it is, if nothing else, you know how much money you could receive if you wanted it.

2. How do I sell my note? Selling your note is easy. The first step is finding and contacting a mortgage note buyer or contract buyer and simply telling them that you want to sell your note. This initial contact could be by phone, email, or through filling out a free mortgage note quote form. More than likely, if you are reading this, then you are at a site that can help you get a cash offer for your note. If not, then there is a link to a good website and company above, that can give you a "No hassle, No obligation" quote. Once you give the contract buyer some required information, they will be able to get back to you, usually within 24-48 hours, with an offer.

3. How long does the process take once I decide to move forward? After you have given the mortgage note buyer the required information, either by calling, email, or filling out an online form, they will get back to you in 24-48 hours. Usually, it only takes 2-3 weeks to complete the deal and have a huge certified check deposited, or wired to your bank account.

4. When I convert my note to cash, how will it affect the person(s) paying me? Not at all. The terms, payment, and amount owed stay the same. This is a really neat thing about selling your mortgage note. You can get a large sum of cash and it doesn't affect the person(s) paying you. Sounds like a "win-win-win" situation to me.

5. Where would the closing take place? Usually, at the closest title company near you. Sometimes it takes place in the town or city in which the property is located...which brings up another question. Do you have to be there for the close? Nope, not generally. The person handling the title and closing the deal can send you the closing package.

This is all done to make it as convenient and as easy for you as possible. As you can see, getting a large sum of cash now for your future mortgage payment is an easy process that can put a lot of money into your pocket for a vacation, to consolidate bills, and buy or enjoy any other necessities or pleasures.

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The Inside Secrets To Seller Financing With Mortgage Notes

Sydney Griecci (Smiling Dog Enterprises) — Thu, 06 Nov 2008 23:03:12 -0600

Many people that sell their home or property choose to sell it themselves as opposed to going through a real estate agency, bank or lending institution. There are different reasons why they may choose to do this. They may be selling it to a friend or relative and want to avoid or eliminate the middle man or the buyer may not be able to obtain conventional bank funding. Another reason may be to avoid having to pay commission to a real estate agent for selling your property.

If you’re selling your property for a large sum of money, the commission the real estate agency will earn can be quite substantial. When you are the seller that holds the trust deed on the property sold, things can go smoothly or problems may arise. If you are not in instant need of the proceeds from the sale, being the “lender” may work out great for you.

Many people, however, discover after a certain amount of time that they want to invest in property and need the money. If this is the case, the first question you may ask yourself is, “How do I sell my trust deed?” This is actually something you should consider at the time you sell your property. You may think that acting as a lender will be simple and quick for you and the buyer, but you may want to learn all you can about this procedure before you make a commitment. If the buyer is having difficulties making the payments, you may tire quickly of being the “bad guy” demanding payments or collecting late fines.

If I was considering selling and holding the trust deed for my property, I would research how to sell my trust deed before I signed any legal binding contract. Even though I may not ever need to sell my trust deed, I’d still want to get all the information I needed ahead of time. We can help you learn the best way to sell my trust deed at NO cost to you. An attorney can also give me information if I want to sell my trust deed and what steps need to be taken. We will not only buy your trust deed, but often we will buy just part of it. You may want to go on a vacation, make an investment or just have extra cash available and not want to sell the entire trust deed.

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Loan Qualification Standards - Debt to Income Ratio

Sydney Griecci (Smiling Dog Enterprises) — Wed, 05 Nov 2008 23:11:33 -0600

Many people have no clue how qualified they are as buyers, or borrowers. There are two ratios that, together with the credit score, determine how qualified someone is for a loan.

The first, and by far the more important, is debt to income ratio, usually abbreviated DTI. This is a measurement of how easy it will be for you to repay the loan given your current income level. The debt to income ratio is measured by dividing total monthly mandatory outlays to service debt into your gross monthly income. Yes, due to the fact that the tax code gives you a deduction for mortgage interest, you qualify based upon your gross income.

This ratio is broken into two discrete measurements, called front end ratio and back end ratio, for underwriting standards. The front end ratio is the payments upon the proposed loan only (i.e. principal and interest), whereas the back end ratio adds in all debt service: credit cards, installment loans, finance obligations, student loans, alimony and child support, and property taxes and homeowner's insurance on the home as well. The front end ratio is almost ignored; I cannot remember an instance of when front-end was a deal-breaker. The thing that will break most loans is the back end ratio, to the point where some lenders don't really care about the front end ratio anymore.

Now, as to what gets counted, the answer is simple. The minimum monthly payment on any given debt is what gets counted. It doesn't matter if you're paying $500 per month, if the minimum payment is $60, that's what will be counted. "Can I pay off debt in order to qualify?" is a question I see quite a lot and the answer depends upon your lender and the market you're in. For top of the market A paper lenders, who have to underwrite to Fannie Mae and Freddie Mac standards, the answer is largely no. If you pay off a credit card where the balance is $x, there's nothing to prevent you going out and charging it up again. Even if you close is out completely, the thinking (borne out in practice, I might add) is that you can get another one for the same amount trivially. "Won't they just trust me to be intelligent and responsible?" some people will ask. The answer is no. Actually, it's bleep no.

A paper is not about trust. A paper is about you demonstrating that you're a great credit risk. Even installment debt is at the discretion of the lender's guidelines. If they believe that what you really did was borrow money from a friend or family member who expects to be repaid, expect it to be disallowed. Therefore, the time to pay off or pay down your debts is before your credit is run and before you apply for a loan. For subprime loans, the standards are looser because the lender controls the money. As long as they can see where the money is coming from, they will usually allow the payoff in order to qualify. Now many folks think that stated income loans don't have a DTI requirement. They do.

As a matter of fact, stated income is even less forgiving than full documentation loans in this regard. As I keep telling folks, for full documentation, I don't have to prove every penny you make, I only have to prove enough to justify the loan. If what I proved before falls short, but if the client has more income, I can always prove more. For stated income, we still have to come up with a believable income for your occupation, and then the debt to income ratio is figured off of that. Even if the lender is agreeing not to verify income, they're still going to be skeptical if you change your story. "You told me you make $6000 per month three days ago. Now you're telling me you make $7000 per month. Which is it? Please show me your documentation!" In short, this loan has now essentially changed to a full documentation loan at stated income rates. Nor are they going to believe a fast food counter employee makes $80,000 per year.

They have resources that tell them how much people of a given occupation make in the area, and if you're outside the range it will be disallowed. So you need to be very careful to make certain the loan officer knows about all the monthly payments on debt you're required to make. Sometimes it doesn't show up on the credit report and the lender finds out anyway. This has nothing to do with utilities (unless you're in the process of paying one of them back). That's just living expenses, and you could, in theory, cancel cable TV if you needed to. Once you owe the money, you are obligated to pay it back.

As for what is allowable: A paper maximum back end debt to income ratios vary from thirty-eight to forty-five percent of gross monthly income. I'm a big fan of hybrid adjustables, but they are, perversely, harder to qualify for under A paper rules than the standard 30 year fixed rate loan despite the lower payments. This is because there will be an adjustment to your payment at a known point in time, and you're likely to need more money when it does. Note that for high credit scores, Fannie Mae and Freddie Mac have automated underwriting programs with a considerable amount of slack cut in.

Some things count for more income than you actually receive. Social security is the classic example of this. The idea is that it's not subject to loss. Once you're getting it, you will be getting it forever, unlike a regular paycheck where you can lose the job and many people do. Subprime lenders will usually, depending upon the company and their guidelines, go higher than A paper. It's a riskier loan, and you can expect to pay for that risk via a higher interest rate, but even with the higher rate, most people qualify for bigger loans subprime than they will A paper. Some subprime lenders will go as high as sixty percent of gross income on a full documentation loan. Whatever the debt to income ratio guideline is, it's usually a razor sharp dividing line.

On one side you qualify, on the other, you probably don't. If the guidline is DTI of 45 or less, and you are at 44.9, you're in, at least as far as the debt to income ratio goes. On the high side, waivers do exist but they are something to be leery of. Whereas many waivers are approved deviations from guidelines that may be mostly a technicality, debt-to-income ratio cuts to the heart of whether you can afford the loan, and if you're not within this guideline, it may be best to let the loan go. You've got to eat, you probably want to pay your utility bills, and you only make so much. Debt to Income ratio is there for your protection as much as the bank's.

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You Can Get Cash For Your Structured Settlements!

Sydney Griecci (Smiling Dog Enterprises) — Wed, 05 Nov 2008 22:54:07 -0600

You Can Get Cash For Your Structured Settlements!

Structured settlements are financial packages or financial agreements permitting a settlement to be paid through an annuity via regularly scheduled installments either for a fixed period or for the lifetime of the claimant. Because it is tailor-made for individual cases, the structured settlement may also include some immediate payment to cover special requirements.

The payments are typically funded by annuities, reinsurance, or occasionally U.S. government obligations. The structured settlements are mostly setup for lawsuit settlements, insurance settlements, lottery awards, casino and jackpot winnings and contest payments.

Structured settlements have not always been available. In 1982, Congress passed The Periodic Payment Settlement Act of 1982 (Public Law 97-473), as a way to make large settlements more agreeable to parties and provide certain protection to victims. It also encouraged people to use them by granting them tax-free status.

As a result, many people now choose a structured settlement agreement over a lump sum payment, and courts often award them in civil actions where there will be long-term costs of living and the necessity for obtaining cash payments at some point in the future.

Structured settlements- When created

Structured settlements are not appropriate in all kind of cases. Since structures allow settlement funds to grow income tax-free and to be preserved to meet future financial needs, any liability case can be suitable for a structured settlement.

However, the following are cases in which structures should always be considered.

Structured settlements are designed for many types of cases though including:
- All catastrophic cases including paralysis, brain damage, severe burns, loss of limb or severe injury cases.
- Wrongful death cases where a surviving family will need a regular income to replace that of the lost spouse/parent.
- Permanent or temporary disabilities that will take extensive recovery time.
- Most of Workers compensation cases- Most of cases with a reserve or value of $50,000 or more, for example lottery or casino awards.
- Guardianship cases where there are minor children or another person who is judged to be incompetent such as a person with psychological, emotional, or mental handicaps

Structured Settlements- How created?

Structured settlements can be formed in many different ways, and their structure is basically determined by the financial needs of the claimant. The simplest structured settlements are created with an even distribution of cash on a given interim for the term of the agreement. Such a settlement could include a payment every month for 15- 20 years as an example.

A properly developed structural settlement agreement also includes the time value of money because by design, they do not pay interest. The interest is calculated in as a part of the payment. In essence, the structured settlement incorporates a fixed interest rate that is also completely tax-free as it is part of the settlement.

Benefits of a Structured Settlement:

Benefits to Claimants:

1. Choice: Allows the claimant a choice at settlement. Benefits can be received based on needs rather than a lump sum which has to be invested at risk, incurring fees.

2. Tax-free: Structured settlements provide a steady stream of cash to claimant that is completely free of tax liability, both at federal and the state level.

3. Regular payment stream: A structured settlement annuity provides regular payment stream to claimant.

4. More Secure: Maximum security since periodic payments are funded by annuities or reinsurance issued by the largest, most secure life insurance companies.

5. Structured Settlements are cheaper: Another benefit to structured settlements is that they are often arrived at without the risk and time loss of going to court.

Benefits to the defense:

1. Bridge Gaps: Helps bridge gaps between plaintiff and defendant.

2. Reduces litigation costs: For many reasons, defendants who believe they could have liability will make an offer of a structured settlement to minimize their costs.

3. Reduce settlement cost: Substandard age rating can significantly reduce settlement cost.

4. Structured Settlements are cheaper: Because they are often arrived at without the risk and time loss of going to court.

You can sell Your Structured Settlements!

Now you can sell your future monthly payments and be free of the restrictive schedule of disbursement imposed by your structured insurance settlement. There are some finance companies those will pay you a large lump sum of cash now, rather than you receiving smaller monthly payments for the remainder of the payout.

You may like to sell your structured settlement because some of the following reasons:

1. Your life situation changed since your structured settlement was created.

2. You have an emergency situation or a special opportunity occurred in your life which requires cash you do not currently have.

3. You want to start a new business but do not have the cash needed.

4. You need money for a special event in your life like the wedding of your child.

5. You have outgrown your current home but don't know where you'll find the money to buy a larger home or add on to your existing home.

You also have the options to sell your settlement to suit your requirements as followings:

- Cash payouts in full: Full Payment refers to a plan where the individual sells all the remaining future payments at a discounted present value for a lump sum payment.

- Partial buyouts: Partial Payment refers to a plan where the individual sells a specific number of future payments at a discounted present value for a lump sum payment.

-Shared payment plans: Shared Payment refers to a plan where the individual sells a portion of their future payment(s) at a discounted present value and keeps a portion.

I personally believe that most important reason to sell your structured settlement today is that you take advantage of the financial principle of the Time Value of Money, which means that a dollar is more valuable to you today than it will be in the future; you get your money before inflation kills its value.

Deal with a company that will structure the transaction based on your specific financial requirements and only acquire the portion of your payment stream that is necessary for you to fulfill your needs.

visit us at Smiling Dog Enterprises for more information

Creative Real Estate Funding For Buyers and Sellers

Sydney Griecci (Smiling Dog Enterprises) — Fri, 24 Oct 2008 19:47:15 -0500

Hello Everyone and thanks for the link.

When it comes to selling real estate, one of the biggest obstacles sellers face is a so-called “depressed” market. Even when a property is highly desirable, it can be hard to get the price you want in this real estate environment. You could end up losing a lot of time, money, and opportunities, waiting for a “perfect buyer” who may NEVER materialize!

The traditional solution is to drop your asking price. But this common strategy doesn’t always work in your favor. In fact, it can work against you, making your home seem undesirable and your position seem weak. But there IS a way to turn this challenge into a profitable opportunity!

I am not selling anything. I am in the business of paying cash for mortgage notes and trust deeds.

http://www.smilingdog.net

http://twitter.com/sgriecci

Email us

Creative Real Estate Funding For Buyers and Sellers

Sydney Griecci (Smiling Dog Enterprises) — Fri, 24 Oct 2008 19:43:32 -0500

Hello Everyone and thanks for the link.

I am not selling anything. I am in the business of paying cash for mortgage notes and trust deeds.

http://www.smilingdog.net

http://twitter.com/sgriecci

Email us

Creative Real Estate Funding For Buyers and Sellers

Sydney Griecci (Smiling Dog Enterprises) — Fri, 24 Oct 2008 19:16:24 -0500

Hello Everyone and thanks for the link.

I am not selling anything. I am in the business of paying cash for mortgage notes and trust deeds.

http://www.smilingdog.net

http://twitter.com/sgriecci

Email us

Texas Property for Sale

Sydney Griecci (Smiling Dog Enterprises) — Tue, 21 Oct 2008 21:44:21 -0500

I have a second client that can not sell her mortgage note on this TX Property. Can anyone help? http://harlistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFulPhoto/PrtBuyFulPhoto.asp?emailGUID=26b4bcfc-3e35-467c-9cc8-ab60a7b526be&AgentId=MVillenas

Selling A Business With Seller Financed Mortgage Notes

Sydney Griecci (Smiling Dog Enterprises) — Thu, 16 Oct 2008 22:51:07 -0500

Business notes or Promissory notes are created when a business owner sells a business using owner-financing. Seller financed business notes, or Seller carry-back notes, are almost identical to Owner financed mortgage notes, except that they are notes created from the sale of a business instead of a home or property.

It is significantly more difficult to get a bank loan for the purchase of a small business than it is to get a loan for the purchase of a home. Businesses historically have a high failure rate, and often do not have enough collateral to satisfy a bank loan.

It is very common for the seller of a business to take back a note (or "carry the loan") to help with the sale of the business. Business sellers usually have no choice but to offer seller-financing. They often accept a down payment for part of the sale, and a promissory business note for the balance. The usual down payment is 33-1/3%, and the seller receives a monthly payment from the buyer for 5 to 7 years. There may or may not be a balloon, interest rate is negotiated.

There are times when the seller is content to receive the payments over many years but it is often the case that they have needs for a lump sum payment instead of collecting the payments over time. The person holding the note however does not want to wait that long to receive all the money from the business, so he or she looks for a someone to buy all or part of the note being held.

10 Top reasons business note holders may want to sell their business note:

1. To Raise cash.

2. To Eliminate debt

3. To have the capital to start their next project

4. Enhance their investment portfolio or planning a new investment strategy

5. Want to buy real estate, home, car, boat or plane?

6. Need to pay for a medical emergency?

7. Need to fund a child 's education?

8. To Fund their favorite cause or charity

9. To Eliminate the hassle and worry of collecting payments

10. Or just want to take the vacation of a lifetime?

To meet your current financial objectives, you can now sell your business notes. In some cases you can sell all the remaining payments of your business note, while in other cases you may sell just enough payments to meet your need.

And don't worry about your business 's buyer. When you sell your note, the sale does not affect the buyer at all. Their contract terms remain the same. There is such a broad range of different types of business notes that can be purchased, it would be impossible to list them all.

Eligible Businesses on which NOTES are sold include, but are not limited to: Dry cleaners, Hair, Nail salons, Auto repair shops, Printers, Medical & Dental practices, Restaurants/ Bars, Mini-markets, Convenience stores, Manufacturing companies, Various Service industries, Pest Control companies, Mail and Packaging centers, Building maintenance services , And many others . .

. Typical Business Note Buying Criteria:

A. First position as lien holder

B. Substantial down payment (usually 30%-35% minimum)

C. Seasoning (3-5 timely payments made already)

D. Buyer 's previous experience in business

E. Buyer has good Fico credit score (625-650 or above)

F. Note must be fully amortized and in first position

G. Note must be personally guaranteed

While these are typical criteria desired, but each transaction is considered on its own terms and strengths. Every note is reviewed on an individual basis.

I personally believe that most important reason to sell your business note today is that you take advantage of the financial principle of the Time Value of Money, which means that a dollar is more valuable to you today than it will be in the future; you get your money before inflation kills its value.

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Purchasing Property In Todays Tight Credit Market

Sydney Griecci (Smiling Dog Enterprises) — Wed, 15 Oct 2008 21:26:29 -0500

People want to have their own house. But in today's extremely tight credit market, a potential home buyer may not be able to obtain financing from a traditional bank or a mortgage company. In this case, a buyer may choose to purchase real property through a land contract or mortgage note.

A land contract sometimes known as a contract for deed, trust deed or mortgage note is a contract between a buyer and a seller of a real property wherein the seller provides financing to purchase the property for an agreed-upon purchase price and the buyer repays the loan in installments. The seller holds the title or the deed to the property until the buyer completes all payments stated in the contract.

Purchasing a property by way of a land contract can prove beneficial to the buyer. He/She does not have to contend with hefty down payments, credit requirements or other tedious bank financing prerequisites. Initial costs incurred with a land contract are also significantly lower than those through bank financing. Likewise, the seller does not have to wait for lengthy bank processes. Furthermore, property sold via a land contract can be priced higher than if sold through bank financing.

Since the buyer is not obligated to pay a large down payment, the seller can ask for a higher price or a higher interest rate enabling the latter to realize a considerable profit. Under a land contract, the buyer and the seller enter into an agreement that stipulates that the seller shall only transfer the legal title of the real property until all agreed-upon payments have been paid in full. During the duration of the contract, the seller allows the buyer to occupy/use the property for purposes other than legal ownership provided the buyer is not in default. In most land contracts, the purchase price is typically paid with a modest down payment and then periodic installments for a set period of time.

At the end of the course of the payments, the buyer pays off the balance with a balloon or lump sum payment. When the full purchase price inclusive of any interest has been paid, the seller tenders the legal title to the property to the buyer. If the buyer defaults on his/her regular installment payments or fails to make full payment at the end of the land contract, the seller may re-possess the property. The buyer loses any payments made including the down payment and equity through his/her periodic payments. Money and time spent on improvements on the property will all go to waste. Thereafter, the seller is not requiredto transfer the deed to the buyer.

On the other hand, if the seller owes a mortgage on the property and has not settled the entire loan prior to the buyer's final payment at the end of the contract, the latter may be forced to pay off the mortgage to prevent foreclosure on the property thereby losing his investment. Aside from mortgage on the property,there can also be back taxes or other liens that the seller owes.

Visit our Blog www.smilingdog.net for more articles.

Tips on How to Sell Your Mortgage Note

Sydney Griecci (Smiling Dog Enterprises) — Wed, 08 Oct 2008 06:39:12 -0500

You might not have been aware of the fact that you can sell your mortgage notes or sell it online, but more and more sellers are choosing to do so.

Many people seeking a lump sum of cash want to know how to sell mortgage notes for top dollar and where to find a note buyer. Fortunately, the process is quite simple.

You may get a competitive quote in a matter of hours. The best part is you can take care of everything via phone, fax and email, so there’s no need to be in the same area, even the same state as the note buyer. And you can usually have your cash in hand within a few weeks, as the average transaction takes between 10-14 days to complete.

How to Sell Mortgage Notes Online We are experts at selling notes and you can fill out a form on line or contact us with any questions you may have. We will ask for a little information about you as well as details about your note. Fill in as much information as you can as this will be helpful to the potential buyer. Once you’ve submitted your information, you should receive a call or email within 24-48 hours.

The initial consultation is always free. During the initial contact you will discuss the details of your note including balance, time remaining, interest rate, payments to date, etc. The buyer will use all of this information to decide what to offer you for your note.

Keep in mind that it has to make financial sense for them as well, so the stronger the note the more you can expect to receive for it. Remember, the buyer is now assuming the risk for you, so they have to deal with all of the potential problems that could arise down the road, e.g. inflationary pressures, payor default, unstable economy, etc.

Even so, money today is always worth more than money tomorrow, so even though you will not get the full dollar value when you sell, you still get a guaranteed lump sum of cash without exposing yourself to any risk. And if you are able to invest that money, it can add up to much more than the value of the note over time.

To list your note, click here.

To email us your questions click here. Thank you

The Real Estate Market with a New President

Sydney Griecci (Smiling Dog Enterprises) — Tue, 07 Oct 2008 05:58:16 -0500

The existing real estate market is in decline and current forecasts do not see a significant rise any time soon. However, there are many variables that could affect this forecast. Being an election year, a new president, depending on the policies of his platform, may be able to change the economy to such an extent that the real estate market also changes. There is no guarantee that it will be for the better but it very well may affect change. This late in the game the front runners for the election are Barack Obama and John McCain.

Obama is a Democrat who has a proposed housing reform plan. His reformations include changes to the financial regulatory system to have stricter controls on financial institutions. Also in his plan is a system to help with the current foreclosure problem facing many Americans today. He proposes that the Federal government take steps to assist those who are in financial straits by buying out or refinancing existing mortgages to drop monthly payments. Also, he wants financial institutions to restructure loans as early as possible when a borrower is having problems. In addition he wants to increase tax incentives for people who have mortgages so they can get a break on their taxes. His final initiative includes a federally funded program costing up to thirty million dollars to help with the existing foreclosure crisis facing America today.

McCain, a Republican holds that there should be little government intervention in the banking situation and that the economic issues should play out naturally. However, recognizing the crisis he is open to suggestion from leading authorities for temporary solutions for assistance in order to help the American public through the crisis. However, he maintains that any assistance should be temporary and any permanent reform should be in the means of regulatory changes and increasing the accountability of banks so that the crisis does not occur again. He also insists that any financial assistance to the public should be for those in primary residences to save their home and no assistance should go to investors in trouble or those who have trouble keeping up a second home or vacation property.

While McCain is amenable to analyzing the issue and open to discussion regarding possible solutions for both long and short term, he is non committal about what his housing policy is and refuses to make it a part of his campaign. He does not want to play on the fears of the public to win votes by touting a reform policy that is not feasible or would not pass. Both Obama and McCain have recognized the existing housing problems in the country. Both have acknowledged a need for some type of reform. They do, however, disagree on how much government should be involved and in which aspects. Obama has a clear cut strategy for housing reform as part of his campaign platform but that does not mean anything will actually come to fruition if he is elected. McCain has been noncommittal in pinning down specifics but has stated it is something that will take precedence. How the market will unfold after the election, though, will depend not so much on who is elected but what will actually occur when they are. Right now, there is merely discussion and planning with nothing concrete evidenced by either side.

We buy mortgage notes and trust deeds.

Selling Property with a Land Trust or Mortgage Note!

Sydney Griecci (Smiling Dog Enterprises) — Fri, 19 Sep 2008 22:13:03 -0500

In many cases, home buyers are in a financial position to afford the monthly payments associated with home ownership, but they lack the down payment necessary to purchase a home. Or the buyer's credit score or rating may prevent him or her from obtaining the traditional bank or mortgage company financing required for the purchase of a home. When this is the case, it often makes sense for the buyers to consider purchasing a home or piece of real estate and have the owner/seller provide the financing for the purchase - called a Mortgage Note, Trust Deed, Land Contract or Contract for Deed.

Likewise, selling a home by way a land contract can prove beneficial to the seller in many ways. Selling property with a land contract can provide a quicker and more inexpensive way for the property owner to sell the property - the seller does not need to comply with the often rigid and tedious guidelines of bank financing and the delays that often accompany those guidelines. Likewise, real property sold on a land contract can often be priced higher than sales with bank financing since the seller provides the all-important financing and the buyer is often times not required to come up with a large down-payment, thereby permitting a higher asking price for the property.

So how does a land contract work? Land contracts are common throughout the United States. In some states, they are called Trust Deeds, Contract for Deed, Deeds of Trust, Notes, or (privately held) Mortgages, but they all represent the same thing: a way of selling property where the buyer "borrows" from or relies upon the seller for the financing rather than paying cash up front or borrowing from a bank. The process is generally as follows:

The seller and buyer enter into a contract that normally states that the seller shall transfer ownership of the property to the after the buyer has fully paid the seller the agreed upon purchase price. In most cases, the contract requires the buyer to make a modest down payment and then to make monthly payments over time.

The land contract can require the buyer to pay the seller interest on the money owed (just like a bank would). Also, because the buyer and seller privately negotiate and reach their own sales terms, the contract can also call for smaller monthly payments - beneficial to the buyer - and then a balloon payment to be made at some certain period of time; this balloon or lump sum payment will pay the balance of the purchase price for the property. During the term of the land contract (i.e. while the contract is in force and effect, the buyer is not in default and until all of the payments are made), the buyer holds legal possession of and occupies the property.

The land contract can call for transfer of the property once the seller has received all of the required payments or can call for the transfer at some time sooner, with the seller then holding a mortgage on the property to ensure that the balance of the purchase price will be paid in full. Whatever the terms agreed upon for transferring ownership, when the agreed upon transfer date is reached, the seller tenders (or gives) a deed to the property to the buyer who then records the deed in the county recorders office or the real property office of the county where the property is located. While the benefits of land contracts are many, there are some potential pitfalls to a land contract that the parties must be aware. If the buyer misses any payment under the land contract, he or she may lose the property (the right to have the deed transferred to him) and the seller may keep the money paid up to that point as rent. Thereafter, the seller would not be required to transfer the deed to the buyer.

Some states have laws providing that if a buyer makes a majority of the payments under a land contract (which cover a large percentage of a purchase price of the property), the seller may not be able to keep or refuse to transfer the deed if the buyer can make payments on the contract price at a later date (known as the right of redemption). Your state laws should be reviewed. A disadvantage for the buyer can be found when the seller has a mortgage on the property that the buyer is purchasing and the seller does not payoff existing mortgages by the time the buyer pays the entire purchase price - thereby causing the property to subject to foreclosure. The buyer should determine whether or not any mortgages exist on the property being purchased and then require the seller to pay off all mortgages prior to the final payment being made - but if the seller does not, the buyer should be aware that he or she may be required to pay off the mortgages. We Buy and Sell Mortgage Note or Land Trusts.

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How to sell your Property for MORE than the asking price!

Sydney Griecci (Smiling Dog Enterprises) — Mon, 15 Sep 2008 18:10:47 -0500

How to Get More Than The Asking Price For Your Property.

When the number of real estate buyers is greater than the number of available homes, real estate property values usually go up. It’s an ideal environment for sellers because buyers are forced to compete, and properties usually sell quickly – often for even more than the asking price! But as more properties go on the market, buyer competition subsides. Prices level out, and eventually drop. Most assume this is a bad time to sell a home. But in fact, it can be the best time for educated sellers to tap into a little-known market, using the creative power of seller financing.

A seller’s best strategy With the help of a professional Note Finder, a seller can open the doors to buyers normally locked out by traditional financing. A so-called “down market” is the ideal time for resourceful sellers to target the millions of people who can’t get funding. These buyers are often willing to pay more in order to buy a home without traditional financing. The seller sets the price, determines and accepts a down payment, and then finances the remaining balance.

The buyer gets a home without having to fully-qualify for a traditional loan. It’s a favorable situation for both seller and buyer. And while this “outside of the box” form of financing can seem a bit daunting, it can happen very smoothly and easily with the knowledge, experience, and guidance of a professional Note Finder like me. Here is an example: If the seller wants $100,000 for the property, and the buyer gives the seller $10,000 cash, the seller will finance the balance of $90,000. The buyer and seller would then agree to the terms, such as the interest rate and the total term, and use an attorney to create the mortgage document and close the deal. From that point on the buyer sends the seller monthly payments for the house he has just purchased.

A great opportunity for sellers The whole process can really be that simple. But there are some substantial differences between a seller-financed deal and one that relies on traditional bank funding. First of all, the seller will not receive a large one-time payment at the time of the sale. In fact, she will only receive the down payment. Since many home sellers are also looking to buy another property, the seller may need to get enough at closing to pay her down payment. Without this payment, the seller’s hands could be tied when she looks to purchase another house.

There is a common solution to this issue that offers the potential for even MORE money to the seller! Note Finders specialize in helping new mortgage holders sell newly-created notes for a lump sum of cash. In the end, seller financing could be used to sell property at a higher price than expected and the sellers could get the money they need. Essentially, sellers can “have their cake and eat it too.”

In summary Step #1: Use the seller-finance option to find unique customers willing to purchase at a higher price than would have been possible otherwise.

Step #2: Decide on the terms of the deal and create the note to complete the real estate transaction quickly. Step #3: If the property seller needs immediate cash, contact me to help locate a buyer for the new mortgage note. The person who buys the future payments from the seller will likely provide the funding to act as a down payment on a new house and every party involved in the deal comes out smiling.

Equity attracts Note Buyers One key to liquidating a seller-financed mortgage is found in the property’s equity. The equity in the private note essentially acts as a “safety net” for the Note Buyer, in case there is a problem collecting the payments. So note buyers find deals with strong equity more attractive. Remember, a Note Buyer is purchasing monthly payments secured by property. If the property is worth more than the remaining balance of the note, the buyer could seize the extra value in a foreclosure situation by reselling the property. This allows the new Note Holder to recoup his initial outlay and receive the additional equity. Most Note Buyers will do a quick equity check before looking at any other information.

By first determining the note’s Loan-To-Value (LTV), buyers can decide whether to dig deeper or move on. The LTV is calculated by comparing the balance of all of the loans to the value of the property. Two equity examples To illustrate, let’s consider two houses, each valued at $100,000. One home has loans of $95,000 and the second home has loans of $70,000. The first home has an LTV of 95 percent (95k/100k = 95), indicating only 5 percent equity (100 – 95 = 5). The second home has an LTV of 70 percent (70k/100k = 70), showing 30 percent equity in the property (100 – 70 = 30).

Clearly, most buyers will not be as interested in the note on the first home because there is virtually no protective equity. In this situation, the buyer of the note would want to discount the note purchase a fair amount to make up for the fact that there is little equity. The second note with 70 percent LTV will require less discounting, and the Note Holder will receive a larger portion of their note as compared to the note balance. This is because the Note Buyer stands to benefit from holding a substantial amount of equity in the property (30 percent) if the Payor were to default on their obligation.

How Does Down Payment Affect Note Value? For many Note Buyers the amount of the initial down payment at the time of sale can make or break a note deal. The down payment is applied directly toward principal, creating instant equity in the property. Accordingly, most Note Buyers want to confirm the amount of the down payment up front. With no down payment, it would take many years to build a meaningful amount of equity in the property. Take a look at the following example that illustrates this point. House #1: valued at $100,000, with a down payment of $20,000 made at the time of sale. House #2: also valued at $100,000, but with zero down payment made at the time of sale. The note on House #1 has $20,000 in equity. No down payment made on House #2 means that there is no equity in the property before the first monthly payment is made. Consider how much “upfront” money there is Assuming that House #2 was sold for $100,000 with a 30-year note amortized at 8 percent interest, it could take years to build $20,000 in equity.

Because the Note Holder’s purchase is protected by the equity in the property, the amount of the down payment is an important consideration. With the zero down note on House #2, the Note Buyer would need to apply a larger discount in order to make it a fair deal for him. On the other hand, while the note on House #1 is secured by a $20,000 down payment and has substantial protective equity even before the first monthly payment, it would cost the Note Buyer a lot more. Almost any note deal can be a good deal… for everyone involved A strong down payment lends a side benefit related to having protective equity.

When a large down payment is made at the time of sale, that person is more likely to be committed to owning the house and keeping up with the note payments. Seller-financed deals with zero down payments are very attractive to first-time home buyers or others without a large nest egg saved – but it can be riskier for the Note Buyer. So the educated Note Buyers can offset this risk by increasing the discount on low or zero down payment notes. Remember, even a note created without a down payment can be a sound purchase.

The key is to look at each situation individually and to establish a fair price based on the specific note. Even when liquidating private mortgages at a discount, Note Sellers still get to receive a lump sum of cash immediately instead of waiting years – decades, even – before the debt owed to them is paid. The bottom line is that a qualified professional Note Finder can bring a benefit to both parties – the Note Holder and the buyer. In the end, when a deal is struck, everyone wins and ends up in a stronger financial position. How Creative Home Sellers Have The Advantage Creative home sellers offering seller financing can often sell their houses faster in a slow market - often at a higher price! In the process, these sellers act as the “bank,” and begin to receive monthly payments instead of a lump sum of cash. So what happens when those offering seller financing need an immediate lump sum of cash instead of scheduled future payments? Locating a buyer for the newly-created cash flow could be the answer.

To get the money they need, sellers that offer financing could sell the future mortgage payments they are set to receive. How sellers get quick cash for their notes This process can be streamlined when the savvy home seller lines up a buyer for the payment stream before the note is even created. This way the property seller could have a buyer for the payment stream ready to make the purchase as soon as the new private mortgage is created. Once the closing and the note sale are complete the seller will have the money she needs for her next home. Finding the buyer for the seller-financed mortgage is the tricky part. Buyers won't line up at the door. In fact, they don't often browse the newspaper or the web looking for people with notes to sell. This is where the professional Note finder comes in! Note Finders are real estate professionals that specialize in connecting the people who create notes with those who buy them. While I do not assist with the creation of a note, I can provide general recommendations about the types of terms that are attractive to Note Buyers. With my knowledge, experience, and connections within the secondary finance industry, I can save home sellers a lot of time and effort when liquidating a note. Most importantly, I can help locate a buyer for your note and make the process smooth and easy. When working with a property seller who needs a lump sum of cash immediately after selling real estate, contacting a finder like me early in the process of creating the real estate note makes sense.

By involving a Note finder before a note is created, the property seller can receive valuable input about the payment characteristics that Note Buyers prefer. And for any completed seller-financed deals, a qualified Note finder can help Note Holders obtain a large amount of cash in exchange for future payments. Greetings, My name is Sydney Griecci. As a professional note finder, I specialize in developing creative cash solutions; namely, I help note holders receive a lump sum of money in exchange for their secured real estate notes. I can also show home owners how to sell their property with seller finance. Once a real estate note is created, it can be sold for cash shortly after the close of escrow. Existing notes can also be sold to achieve cash liquidity. Additionally, if you are looking to purchase a paper asset for your own portfolio, I have the resources to show you many viable opportunities. If you are an attorney, CPA, real estate agent, mortgage broker, title agent or escrow officer, I can assist you in helping your clients realize quick sales of hard-to-sell properties through the use of private financing. If you would like to learn more about the creation and/or sale of secured private notes, please contact me directly. Join my mailing list or subscribe to this publication by leaving me your contact information. I can be reached at 303.317.4488 or via email at sydney@smilingdogenterprises.com. Sincerely, Sydney Griecci Follow us at http://twitter.com/sgriecci to be informed of the next update to this article. http://realestatefunding.smilingdogenterprises.com

The Inside Secrets To Seller Financing

Sydney Griecci (Smiling Dog Enterprises) — Thu, 03 Jul 2008 00:51:32 -0500

I am sending this powerful information because I believe your clients may be in need of my
services.

I buy seller financed trust deeds and mortgages.

How to Sell Your House Fast - At The Price You Want! Highlights The Inside Secrets To Seller Financing When it comes to selling real estate, one of the biggest obstacles sellers face is a so-called “depressed” market. Even when a property is highly desirable, it can be hard to get the price you want in this real estate environment.

You could end up losing a lot of time, money, and opportunities, waiting for a “perfect buyer” who may NEVER materialize! The traditional solution is to drop your asking price. But this common strategy doesn’t always
work in your favor. In fact, it can work against you, making your home seem undesirable and your position
seem weak. But there IS a way to turn this challenge into a profitable opportunity! The seller finance
solution More and more home sellers are turning to private financing to sell properties quickly and at the best possible price. Why? Because it’s a great way to attract an untapped group of potential buyers looking to buy a home outside of conventional financing.

Seller financing can put you back in the driver’s seat and turn ANY market into a SELLER’S DREAM!
You see, there is a large percentage of first-time home buyers who cannot get approved for bank
funding because of their credit situation. These buyers will often offer to pay even MORE than the asking
price for the opportunity to live the American dream of home ownership. Once you understand a few secrets
to seller financing, you’ll know why these “credit challenged” folks can be your “perfect buyers” and provide a positive solution for ALL parties involved… Seller financing: a powerful tool to sell homes in a stagnant market Private financing can lead to many more home buyers Seller financing could help sellers get more money for
their property Sellers could still receive the cash they need when financing the sale of their property

How to Sell Your House Fast - At The Price You Want!

1. Seller financing can enable YOU to sell your home quickly and easily, at the price you want.

2. It gives the BUYER a chance to purchase a home that would otherwise be out of reach.

3. If a real estate agent is involved, it allows the agent to collect a commission from a sale that wouldn’t happen through traditional means.

So everyone wins!

email newsletter@smilingdogenetrprises.com for my free quarterly newsletter. I will need your external email
address as the file can not fit in this format.

The Inside Secrets To Seller Financing

Sydney Griecci (Smiling Dog Enterprises) — Thu, 03 Jul 2008 00:42:13 -0500

I am sending this powerful information because I believe your clients may be in need of my services.

I buy seller financed trust deeds and mortgages.

How to Sell Your House Fast - At The Price You Want!

Highlights The Inside Secrets To Seller Financing When it comes to selling real estate, one of the
biggest obstacles sellers face is a so-called “depressed” market. Even when a property is highly
desirable, it can be hard to get the price you want in this real estate environment.

The seller finance solution More and more home sellers are turning to private financing to sell
properties quickly and at the best possible price. Why? Because it’s a great way to attract an
untapped group of potential buyers looking to buy a home outside of conventional financing.
Seller financing can put you back in the driver’s seat and turn ANY market into a SELLER’S DREAM!
You see, there is a large percentage of first-time home buyers who cannot get approved for bank
funding because of their credit situation. These buyers will often offer to pay even MORE than the
asking price for the opportunity to live the American dream of home ownership. Once you understand
a few secrets to seller financing, you’ll know why these “credit challenged” folks can be your
“perfect buyers” and provide a positive solution for ALL parties involved… Seller financing:
a powerful tool to sell homes in a stagnant market Private financing can lead to many more home
buyers

Seller financing could help sellers get more money for their property Sellers could still
receive the cash they need when financing the sale of their property

How to Sell Your House Fast - At The Price You Want!

1. Seller financing can enable YOU to sell your home quickly and easily, at the price you want.

2. It gives the BUYER a chance to purchase a home that would otherwise be out of reach.

3. If a real estate agent is involved, it allows the agent to collect a commission from a sale that wouldn’t happen through traditional means.

So everyone wins!

email newsletter@smilingdogenterprises.com and I will send you my free quarterly newsletter with complete
details.

How to sell your clients property at the price they want!

Sydney Griecci (Smiling Dog Enterprises) — Wed, 02 Jul 2008 09:30:23 -0500

I buy mortgage notes and trust deeds. I can help increase your sale and close the deal. All this at no cost to you.

“Seller financing is a powerful tool to remedy real estate situations that otherwise look grim.”

Seller Financing: Creating A Note For Quick Sale

Seller financing is a popular way to sell real estate without dropping the price. In fact, builders will often offer financing to sell the properties they’ve built in a difficult market without having to reduce their prices. When the property owner is willing to “carry back” a note many advantages can result:

1. The Seller can get a higher selling price.
2. The property can sell faster.
3. The overall sales closing ratio can increase.
4. The note can generate a steady payment stream for long-term income.

But in order to sell a house this way, the home owner needs to market the property to a different type of buyer.

Attracting “credit challenged” buyers requires a different strategy to reach a different demographic. The seller must use a more targeted marketing technique, designed specifically for the “unconventional buyer’s market.” And the most effective advertising methods to tap into this distinctly separate pool of buyers might surprise you!

Contact me and I will email you my free newsletter that explains the process in detail!

sydney@smilngdogenterprises.com

Smiling Dog Enterprises

How to sell your clients property at the price they want!

Sydney Griecci (Smiling Dog Enterprises) — Wed, 02 Jul 2008 09:26:31 -0500

I buy mortgage notes and trust deeds. I can help increase your sale and close the deal. All this at no cost to you.

“Seller financing is a powerful tool to remedy real estate situations that otherwise look grim.”

Seller Financing: Creating A Note For Quick Sale

Seller financing is a popular way to sell real estate without
dropping the price. In fact, builders will often offer financing to
sell the properties they’ve built in a difficult market without
having to reduce their prices. When the property owner is willing to

“carry back” a note many advantages can result:
1. The Seller can get a higher selling price.
2. The property can sell faster.
3. The overall sales closing ratio can increase.
4. The note can generate a steady payment stream for long-term income.

But in order to sell a house this way, the home owner needs to
market the property to a different type of buyer.

Attracting “credit challenged” buyers requires a different strategy
to reach a different demographic. The seller must use a more
targeted marketing technique, designed specifically for the
“unconventional buyer’s market.” And the most effective advertising
methods to tap into this distinctly separate pool of buyers might
surprise you!

Please contact me and I will send you my free newsletter that expalains the process in detail!

sydney@smilingdogenterprises.com

How to sell your clients property at the price they want!

Sydney Griecci (Smiling Dog Enterprises) — Wed, 02 Jul 2008 09:21:32 -0500

Seller financing: Creating a Note for Quick Sale

Seller financing is a popular way to sell real estate without dropping the price.

In fact, builders will often offer financing to sell the properties they've bult in a difficult market without having to reduce their prices.

When the property owner is willing to "carry back" a note many advantages can result:

1. The seller can get a higher selling price.

2. The property can sell faster

3. The overall sales closing ration can increase.

4. The note can generate a steady payment stream for long term income.

Bu in order to sell a hous thi way, the home owner needs to market the porperty to a different type of buyer.

Attracting "credit challenged" buyers requires a different strategy to reach a different demographic. The seller must use a more target marketing technique, designed specifficallly for the "unconventional buyer's market." And the most effective advertisnig methods to tap into this distinctly seperate pool of buyers might suprise you!

Smiling Dog Enterprises