Sell your note as soon as it is created
Once you have a buyer for your property, and have agreed to terms of the sale, we can help you arrange a sale of your note to a funding source that purchases private mortgage notes for cash. Both separate sales closing can be done at the same time. You get the cash you need, at closing, and also relieve yourself of the burden and worry of collecting those monthly payments when you sell the entire note.
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Satisfy “due on sale” clause of current mortgage
Many mortgages require the balance to be repaid immediately upon sale (as opposed to an assumable mortgage). This often prevents a homeowner from taking advantage of offering owner financing, unless the purchaser has enough money in the down payment to cover any outstanding balance on the original loan. But with a Simultaneous Close, the current owner is able to use their current equity to satisfy the remaining balance due.
Review Tips for a Successful Simultaneous Closing
Refer to Tips for Simultaneous Closings to learn more about the process of doing a Simultaneous Close. You will see how it can work for you while also being attractive to potential funding sources who will buy it once it is created. Contact us at Expedited Capital Funding, and we will put you in contact with these funders.
Please remember, Expedited Capital Funding, LLC is in the business of negotiating transactions on privately held mortgages and contracts for deed locally and nationwide. We do not originate loans, nor provide real estate consulting services. We will work to get you a great price for your note, structured in a way that meets your needs. |
