Private Mortgage Notes & Business Notes
Private Mortgage Notes
Seller-backed, or owner financing, where the seller "Holds the paper" on the property, allowing the buyer to pay a mortgage directly to the seller. Simple and straightforward, the financing options are appealing to both the seller and the buyer because it beats the high interest rates and the unavailability of traditional financing. Often this is the only way to sell real estate in the high interest rate market.
When you sold your property you helped the Buyer with the purchase by carrying back part or all of the financing for the sale. At the time this seemed like a good idea. But now you need a lump sum of cash to buy a new car, take a vacation, pay for college tuition, medical costs, etc. You get the idea! That's where we come in. We'll buy all or part of your note contract and get you the CASH you need. Also, you will not have to worry about future collection hassles and a possible default by your buyer in making timely payments.
--Seller Financing provides many advantages to buyers and to the seller, but one concern to many sellers is liquidity. How do you get cash from the note if you need it or want it? Would you be saddled with a 15-year note when having the cash would be more appealing?-- In response to this need, funding sources buy paper from note holders for cash, usually at a discount off the principal balance of the note. This provides a means for the holder to receive cash for the note.
The Seller has a "fall-back" position, some sellers turn their notes over directly after the sale; others hold the notes until the cash is more attractive. Selling property, holding a note and then selling the note for cash is the yield equivalent of selling property for cash.
Contact us at the information on the home page for further details on your note, & how you can receive cash for your note, or even a portion of it.
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Business Notes
A business note is generated every time an individual sells a business and chooses to carry the financing and collect regular payments from the new business owner (s).
Individuals who are interested in selling their business note, do so for several reasons. Usually, the prospective seller has decided that he would rather receive the lump sum value of the business, rather than monthly payments. Often that's because of the investment in a new business. Other times, the seller has an incentive such as an expensive wedding bill, college tuition or a retirement trip to spend a large sum of money on.
· To receive a cash advance on your business note, be sure to have a copy of the business note (promissory note). --
Other documentation will be required after the initial research is concluded.
Contact us from the homepage information for more details concerning your business note.
Your UCC-1/ Chattel Mortgage (security agreement) will list all, or most of the assets included in the sale of your business.
Contact us at the information on the home page for further details on your note, & how you can receive cash for your note, or even a portion of it.
Email us at: ReasonOneInc@aol.com Contact Info/HomePage Request Mortgage Note Form