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REO
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| Mortgage & Business Notes |
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| "We Purchase Mobile Home Notes" With or without land Pools or individual Do you sell mobile or modular houses and carry the financing? Cash out all or part to generate operating capital: Criteria needed for the buyer to consider purchase: Interest Rate: 9% to 12% or more. Min Purchase: $10,000 (after discount) Mobile Home Notes with or without Land Pools or individual Single or Doublewide (some singles, perfers doubles or greater) With or without land Owner Occupied or Non-Owner Occupied 1990 or Newer 10% Down Credit A thru C Mobile Home must be in decent park Go here For an immediate quote on your owner-financed mortgage note. Complete this form and submit it "We Purchase Single Real Estate Notes" Note Evaluation - Factors There are many factors that enter into the valuation of a note. These interact with one another, in such a way that one positive can at least partially offset the negative effects of another. Type of property Use of the property Appraisal value Location Buyer credit Buyer employment Down payment/buyer equity Seasoning of the note - months the buyer has been paying on it Owner occupied/rental Lien position - 1st or 2nd Length of term of the note - amortization period Sales price Market conditions Interest rate Special terms of the note Buyer payment history Residential Homes - up to 4 units Modular & mobile homes w/ or w/o land Condos - for single family use Recreational & resort properties Improved lots - residential Income properties - residential up to 4 units Commercial Apartments Condo complexes Buildings housing businesses Motels Shopping centers Improved land/small tracts - for commercial Other Farms & ranches Vacant land Performing, sub- & non-performing portfolios of loans Go here For an immediate quote on your owner-financed mortgage note. Complete this form and submit it "We Purchase BusinessNotes" Types of Businesses Notes considered: These are only a few of the examples. Note that a business sale usually does not include the sale of the building in which it is housed. Professional CPA businesses Accounting firms Legal practices Dental practices Medical practices Dry cleaning businesses Restaurants Smaller manufacturing businesses Franchises Go here For an immediate quote on your owner-financed mortgage note. Complete this form and submit it Note Evaluation - Factors There are many factors that enter into the valuation of a business note. These interact with one another, in such a way that one positive can at least partially offset the negative effects of another. Type of business Experience of the buyer Location Buyer credit Down payment/buyer equity Seasoning of the note - months the buyer has been paying on it Lien position Length of term of the note - amortization period Sales price Interest rate Special terms of the note Buyer payment history Go here For an immediate quote on your owner-financed mortgage note. Complete this form and submit it Key Benefits of Liquidating Notes The seller receives the cash he needs today to put kids through college, pay off outstanding debts, buy a new home or car, take a vacation, pay off medical bills, settle a divorce or for whatever else a lump sum of cash may be needed. It is not necessary to liquidate all of the remaining payments from the note. Perhaps the seller would prefer to start receiving the income stream again after a couple of years or he may need to continue receiving part of it every month now. Many options are available to accommodate the seller's needs. Selling the entire note will free the seller from concerns about collecting monthly payments and record keeping. He will have the cash in hand up front.Even if the seller has not closed on the property sale yet, we can still help. Show us what the note will be at closing and we can tell him what value it will have after closing. This note can then be liquidated right after the property closing! This is called a Simultaneous Closing. Go here For an immediate quote on your owner-financed mortgage note. Complete this form and submit it |
 PRESTIGE MORTGAGE SERVICES |
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