Or if someone can help me generate leads that would be appreciated. I buy mortgage /business notes, settlements, lottery winnings, and annuities.
Posts Tagged ‘Sale’
How long would it take to evict former owner (but current occupant) of house acquired in short sale, in VA?
25
May
A bank has approved our offer for a short sale of a home in pre-foreclosure. The current owner of the property has told us he will only move forward with settlement if he can have two months free rent back while he finds someplace to go. If it came down to it, and I accepted this offer, to what lengths could the current owner extend his stay beyond those two months–through filing bankruptcies, or other legal means that could prevent me from moving forward with an eviction? Clearly, I am not going to move forward unless I KNOW that I can control when he vacates the property. How long could he potentially “squat”, once I settle on the house, before I could have him evicted? Again–for you legal experts out there–this is in the state of Virginia.
Thanks!
What are the considerations that make a Life Settlement [sale of a term life policy] a reasonable decision?
10
May
“Live Settlement” and “Viaticals” have received a lot of bad press, but the LS seems like a good deal to me when you are over 65 and wanting to shift financial resources to long term care risks and not death risks. I can’t find a good balanced discussion of LS as they are usually “sales” promos or obviously anti LS and Viatical materials. If you don’t need the death risk insurance, make sense to me if the policy can be converted into cash. Does anyone know of any balanced sources of information?
Life insurance settlements (polices for sale to a 3rd party provider), What providers deal without brokers?
24
Apr
What providers can buy new originations? Who is financing premiums for new originations?
As a trustee can I distribute the settlement of life insurance prior to the sale of a home owned by the estate
22
Apr
The estate has a house, a car and and life insurance policy. I am not sure if I am restricted from distributing the funds from the policy until the rest of the estate has been settled.
Are Cash Flow Notes for Sale a Safe Investment?
07
Nov
Cash flow notes for sale offer a variety of investment opportunities. Presently, more than sixty types of cash flow notes exist. The most common types include real estate, land contracts, seller carry back mortgages, business notes and structured settlements.
Buying cash flow notes for sale can be beneficial for all parties involved. However, it is crucial to engage in due diligence and obtain appropriate legal documentation. Doing so will ensure a safe and profitable investment opportunity.
Real estate cash flow notes are secured by tangible property. Nearly any type of real estate can be used to secure real estate notes including single and multi-family dwellings, manufactured or mobile homes, condominiums and apartment buildings, commercial properties and raw land.
Investing in real estate cash flow notes can be risky. Financial experts recommend retaining the services of a real estate attorney to ensure proper documentation of transactions. Considering today’s economic recession and downturned housing market, careful consideration should be given when purchasing real estate notes.
Business notes are a popular choice for investors. Three primary types of business cash flow notes exist including: Factoring, purchase order funding, and seller carry back financing. Each type uses business assets as collateral.
Factoring involves using accounts receivables to secure the business note. Receivables are sold to a funding source referred to as the ‘Factor’. Factors can be a private investor, group of investors, or lending institution.
Purchase order funding is similar to factoring. The only difference is customer purchase orders are used as collateral to secure the note.
Seller carry back financing is one of the more popular types of cash flow notes for sale. Seller carry back financing is used to fund both business and real estate transactions. With the current economic recession, investors, business owners and property owners are turning to seller carry back financing.
Using seller carry back financing, owners carry all or part of the financing. Some owners finance a percentage of the purchase price while others will carry all of the financing. Seller carry back cash flow notes can be sold to investors in exchange for lump sum cash.
Another popular cash flow note investment is that of annuities. Structured settlements are used to compensate individuals who have been injured due to negligence or those who win jackpot lotteries.
Structured settlements are paid over a specific period of time through annuity payments which are backed by life insurance companies. Individuals who receive annuities can sell all or part of their payments to a private investor of funding group.
Annuitants must obtain court authorization to sell annuity payments. In most cases, structured settlement payments are arranged to provide Annuitants with financial security. Therefore, a true need to sell the structured settlement must be provided to the judge. Courts will not approve the sale of annuity payments if they feel it will cause financial harm.
Investors interested in investing in cash flow notes for sale should take time to become familiar with the process and types of cash flow notes available. Doing so will ensure investors obtain a good return on their investment.
5 Secrets To Short Sale Success In Foreclosure Investing
24
Oct
Foreclosures are reaching new levels and about to go even higher in 2008. It is becoming imperative that Realtors and real estate investors become learn the art of the short sale and to use it to increase their sales production There is a right way and a wrong way to do approach a short sale.
Learning and implementing the following 5 secrets to short sale success will allow you to gain proficiency in doing and successfully completing short sales. If you are investor you can create equity where none existed. If you are a real estate agent you can sell homes that are upside down even in a bad market.
Secret 1 – Submit a complete package. Do not submit an incomplete package to the lender. If you do it will more than likely be put on the bottom of the pile. Make sure to include all the required information in the order specified my the lender and that every item is completely legible. This is an absolutely critical first step.
Secret 2 – Make a careful estimate of the current market value of the property and structure your offer accordingly The initial offer is critical to getting the short sale off to a good start. As you do more and more short sales you will become familiar with how various lenders work and how they react to offers. Most immediately tell you that you have to raise your offer. If they say this you need to find out why they have come to this conclusion.. Your goal is to have the lender order an internal BPO (Brokers Price Opinion) or a full appraisal of the property. Do not settle for just a drive by appraisal. No need to be nasty but be insistent and keep at it until you get the BPO ordered.
Secret 3 – Make sure that you personally meet the BPO agent This is the most important part of being successful with your short sale. You must personally meet with the agent or appraiser doing the BPO (Brokers Price Opinion or Appraisal). You job is to provide the person doing the BPO any information that can influence the BPO in your favor so that their price that will justify your offer. You should speak the BPO agent and let him know that the seller is in dire straights and is depending on the BPO. You should have a list of repairs done by a contractor and most importantly have a good list of comparable sales showing that the property is worth substantially less than what is the owner owes. All these items are important but meeting with the person doing the BPO is the most important of all. Do not let them get in the property without you being there and be sure to be early for the meeting.
Secret 4 – Don’t take No for an answer The job of the loss mitigator is to get the case settled for as much money as he possibly can. Of course you have to realize that there are certain circumstances that will limit the amount that the lender will take. Some of these are PMI (Private Mortgage Insurance), Fannie Mae, Freddie Mac, FHA and the VA guarantees. These loans are insured by private or governmental agencies and as a result are limited in the amount of discount that they will take. If it is a conventional loan the settlement amount is arbitrary and determined by the end lender or the investor holding the loan. If you are dealing with a servicer rather than a direct lender your negotiations have to be approved by the note owner before a price is agreed upon. Your continued persistence will determine your success in getting prices that allow you to create a profitable transaction..
Secret 5 – Be sure you are prepared to close promptly Once you have finalized your negotiations the bank will expect your to close quickly. Usually within 2 to 4 weeks. If you are unable to close within this period you can have a very difficult time negotiating an extension and may encounter difficulty negotiating with this lender or servicer in the future. This problem does not usually arise if you are the end buyer but if you are planning on “flipping’ the property out to another end buyer you need to be sure that they are ready to close when you finalize the negotiations for the property. One way you can stall this is to slow down your final negotiations until you secure your end buyer. Sometimes this can really work to your benefit when the loss mitigator calls you to see what is holding up your final acceptance of an offer. Many times you can get an additional reduction in the price.
Certainly there is much more involved in doing short sales but these 5 steps are critical in getting a successful resolution to a short sale case. Remember that you have to be persistent and polite but do not take no for an answer. Push on and you will succeed
Structured Settlement Sale When Ill
04
Oct
Structured Settlement option for people in the case of illness. http://www.stonestreet.com/…
Structured Settlement Annuity Sale for Lump Sum – Should You Get Your Cash Now?
23
Sep
Structured Settlement Annuity Sale for Lump Sum – Should You Get Your Cash Now?
What If You Do Not Want to Wait for Your Structured Settlement Money?http://cleardebtshelp.blogspot.com
When structured settlements are awarded from lawsuits such as product liability, personal injury, or accidents, in general an insurance company buys an annuity. This annuity pays a mixture of principal sum and an interest over an agreed period of time at a schedule that is agreed with the structured settlement payee. Having said that, the structured settlement recipients may be in a financial situation where the money is needed immediately and cannot wait for the cash to be paid in small sums. Fortunately, the structured settlements can be exchanged for a large lump sum payout for all or some of the recipients’ future annuity payments. You can basically sell small part or your entire future entitlements to be paid over the years for a lump sum of cash now.
Should You Sell Your Structured Settlement or Annuity Now for Cash?
A Structured Settlement is designed for paying out for the financial obligations over a period of time, but what if you need your money today? Selling your structured settlement or your annuity for cash can be a lifesaver in some situations and fortunately, there are a few reputable companies that can pay you a large lump sum in exchange for your future payments from structured settlement. However, how do you know if selling your annuity or structured payments is the best option for you? After all, every person’s situation is different. If you are in debt or require cash immediately, it may be prudent to sell all or part of your entitlements. This can potentially save you hundreds, or thousands of dollars that you would otherwise have to pay in interest.
Whether you have already decided to sell your structured settlement or annuity for cash, do shop around for best deal! Getting a good deal when it comes to structured settlements or annuities does pay off. You may end-up with much more money in your pocket as few fractions of percentage can make a big difference over the years.http://cleardebtshelp.blogspot.com
Annuity and Structured Settlement Recipients Use Cash From Sale of Future Payments to Pay for Education Costs
15
Sep
More than 80 student lenders have stopped making frederally guaranteed student loans temporarily or permanently as a result of a distressed credit market.
According to a May 22 article in USA TODAY -
Sallie Mae’s shares jumped Wednesday after it became known that the Bush administration is preparing to help struggling lenders in the student lending market by having the government buy up their loans.
As families feel the increased cost of living fueled by raised prices in wheat, corn, fuel, and household consumer goods, many families that have children who are preparing to graduate and continue on to a college education are finding alternate ways to provide for tuition.
Individuals that are currently receiving payments from a lottery, annuity, or structured settlement are able to get a large cash lump sum to pay for many things including but not limited to tuition, credit card debt, new home purchase, and vehicle purchases.
Structured settlements saw their evolution in the early to mid 1980’s when one time cash lump sum payments started to become the less attractive solution for many insurance companies.
Today, more and more individuals awarded settlements, or people collecting annuity and lottery payments have found that access to a large cash lump sum has provided more relief than Bush’s stimulus package.
Pressure to compete in a dwindling job market keeps enrollment at universities at a incrementally increasing rate. With costs in everything from living to travel and education soaring, many are reaching to available cash flows rather than mid or high interest loans to make college and post graduate education a reality
Feds have trimmed a key interest rate by a quarter-point to 2%. Minutes of an April Fed meeting said that members viewed this decision as a close call. Officials see the economy falter as as the inflation rate rises uncomfortably fast, limiting their ability to cut interest rates to spur economic growth.
As stocks flat line, cash flow purchasing companies compete aggressively making it the most ideal time for sellers to make sure they are getting the most for their money. Selling future payments from a settlement, annuity, or lottery winning to obtain a large lump sum of cash has been a life saver for thousands of American families who needed more than a small rebate check from the government to get back on track.
People are realizing that they can do a lot more with a large sum of money readily available to them to use as they see fit. With proper planning and investment of these monies, they will likely see a greater return than to have to settle for the restrictive smaller payments they are currently receiving.
If you or someone you know is interested in learning more about how to sell your structured settlement , annuity, or lottery payments for a large lump sum, call click or visit Woodbridge Investments today.
Find out how much your future payments are worth at no cost or obligation to you. Call 1-866-865-7044 toll free or visit www.woodbridgeinvestments.com today!!!
Visit: http://www.woodbridgeinvestments.com/