Banks
and mortgage companies have been selling mortgage notes in the secondary for
years. They even buy and sell those
notes to other lending companies. This
most likely has happen to you or to someone that you know at some time or
another. Why do lenders do this? They do it in order to keep a steady reserve
of cash on hand to make other loans.
The
information in this message is designed to help you understand about creating
trust deeds, real estate notes, or if you have a business and have contracts
you also have a business note which will bring you a cash flow that you can
receive monthly payments, which brings you steady cash flows. You can also have
the option to sell whole or part your real estate notes, trust deeds or
business notes. The whole idea here is
to first elevate your potential of meeting a home buyer to sell your home to.
Time
and time again you might find houses that are for sale but are on the market
for a very long time. Most of the time
home buyers don’t qualify for a 100% loan and must get 2 loans to equal the
100%. The home seller can offer “Seller
Financing” in order to get the house sold.
The
home seller has one objective and this to sell that property as quickly as
possible. To do this you can create a
trust deed which is secured by real estate.
This is a real estate note. The
real estate note has several purposes and the most important reason is to help
the home seller close on the house.
The
trust deed that you now have is because you agreed to finance the home buyer so
that the buyer could get the house and you can your cash at closing.
Not
only do you have cash at closing but you now have a real estate note that you
will be receiving monthly payments on from the new home owner. Your home is sold and you have residual
income from the trust deed you created.
This creates steady cash flows from the trust deeds, real estate notes or
business notes you may have. This is what “Seller Financing” is. This occurs when the buyer makes regular
monthly payments to you instead of the bank.
You now hold an asset that you can choose to keep for steady cash flow
or sell part or all of it for cash right now.
This
should motivate any home seller to give this a try, after all what could it
hurt and it will be a win/win situation for the home seller, as well as for the
home buyer. “Owner-Financing” is widely
accepted and is an alternative for the home buyer who can’t qualify for a conventional
loan. Even if you have real estate
notes, business notes or trust deeds for a while you can generate cash flows by
selling all or part of it for cash now.
Isn’t
that great news for the home seller?
This will give the home seller a boost in getting the house sold. Most people would consider buying that house
if the they knew that the home seller was willing to create a Kenya real estate
note or trust deeds to secure the home buyer qualifying for the house. Just envision selling your home much faster
than your neighbor down the street because you possess the key to selling your
home. “Owner Financing”.
You
also have created cash flows created from your real estate notes, trust deeds,
or business notes and that can be the key to your financial future.
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