You can sell your property fast and for "top dollar" when you offer seller financing. Most sellers do not want to wait 15 to 30 years to get their money; they want to get their cash at closing. Our temporary seller financing program enables you (the property seller) to offer seller financing to your borrower and still receive CASH up front upon closing.

Using this strategy, the seller creates the note, much like a mortgage company or bank would, and we purchase that note at, or right after you close with the borrower. We help you structure the note up front before you enter into any agreement with the buyer so that you know exactly how much CASH you will receive when you sell the note.

You are sure to receive many calls from potential buyers when you advertise:

Seller Financing, Low Down Payment, No Points, Easy Qualifying

Important Update: To find out how the current real estate market situation is affecting the temporary seller financing program click here.

This is how your simultaneous closing/temporary financing transactions are affected right now:

Seasoning may be required before you can sell your loan in the marketplace. It is recommended that you get an experienced note buying professional to analyze your deal upfront before you enter into a contract with the proposed buyer.

In some cases, you may need to take back a second mortgage in order to limit the investor’s exposure and to minimize the discount that the note can be sold for.

While our program does not work for all borrowers, many more borrowers can qualify due to the fact that our investors have less stringent buying guidelines than the traditional bank or mortgage companies

"Temporary Seller Financing" is not a replacement for traditional lending. It is an alternative strategy that can be utilized in the following situations.

• Newly self-employed borrower with limited funds and mediocre credit rating
• Property has not sold and the seller is considering dropping the sales price

This program is for residential real estate only and does NOT work with land only, commercial, or property that is not secured by real estate.

How Does Temporary Financing Work?

• Seller finds a potential buyer
• Seller asks potential buyer to complete Loan Application and execute an Authorization to Release Credit/Income Information Form.

(We will provide these forms for you.)

• Seller faxes us the completed information along with the details of the sale (sales price & proposed down payment). With that information we will help you structure the sale so that everyone benefits - minimal discount to the seller when selling the note and acceptable terms to the borrower.
• The seller decides to enter into a contract with the borrower to sell and finance the property. Or the seller can decline to enter into a contract and continue to look for an acceptable buyer.
• Once the seller has entered into a contract with the buyer, the due diligence/processing period begins.
• Once all of the information has been received, a closing is scheduled. At closing the seller sells the property to the buyer and sells the note to us. The funds are wired to the title company, attorney, or closing agent. The funds are used to pay closing costs and any liens that the seller may have on the property. The seller collects the balance.

Everyone Wins With Temporary Seller Financing

The Seller Wins because there is increased marketability when "seller financing" is offered. The property is sold at a premium price (no dropping the price to move the property), and the property will sell much more rapidly then would be normally possible.

The Buyer Wins because they never could have bought the property without "Temporary Seller Financing." They made a small down payment. They did not have to pay all of the fees associated with traditional lending, and they were able to close quickly.