Pricing - Get
Quotes From Others and Then Call Us. For Situations That Fit
Our Portfolio, We Nearly Always Offer A Much Higher Price
For Ron Stone
Our company is a private
mortgage buyer. Wepurchase residential
and commercial notes, trust deeds, land contracts and contract
for deeds. We also can help you sell commercial deed
of trust and commercial notes. We
can provide you with a lump sum cash a your monthly income
stream (Closings in as little as
2 weeks) or or a partial purchase of an income
stream for a lower discount. This immediate infusion of cash
can allow you to:
Pay for college tuition
Take advantage of a lucrative business or investment opportunity
Purchase a new home
Pay off debt
Estate planning & distributions
Or simply to remove the risks and hassles of holding
a mortgage note
was Ron’s initial quote considerably higher than other
quotes I received, he took the time to fully understand my
situation as well as explain the process of pricing and selling.
He then proceeded to do exactly what he said he would do,
despite quite a few complications (not his fault) that arose.
Ron earned my trust, which isn’t easy to do. I would
use him again even if his quote was lower than others. Great
friendly service and he’s easy to work with.”
Jim S., Bloomingdale, GA
Pricing - Get
Quotes From Other Buyers and Then Call Us. For Situations
That Fit Our Portfolio, We Nearly Always Offer Much Better
Private mortgage buyer that
will consider income streams on most all residential and commercial
properties. A list of types of properties is just below.
is a partial list of purchases- Non-Seasoned (in many states
after the first payment is made), Partial Note Purchases,
business property notes with Trust Deed- Don't hesitate to
call with questions.
Single family residences, Duplexes, Condos, Town Homes, Apartment
Buildings, Commercial Buildings, Land (either improved or
unimproved, meaning no utilities), and Mobile Homes with Land.
Sorry but we Do Not purchase notes on Mobile Homes without
land. We can however help you if you need to sell
a commercial deed of trust and monthly payments.
FAQ's - Private Mortgage
1. What are the
advantages of selling an owner financed mortgage?
- The two biggest advantages are a) Accessing the cash now
for critical investments or expenses and b) Eliminating the
hassles of managing the borrower's payments and reporting.
2. What are the
criteria for how much I will receive for my income stream?
There are 4 main factors. They are: Equity in the property,
seasoning (how long the borrower has been paying, the interest
rate and lastly the credit of the borrower.
3. Will an appraisal
be necessary? Yes, sometimes just a BPO (Realtor valuation).
4. Will you need
to check the borrowers credit? Yes, it is a very important
factor indetermining the lump sum payment.
5. How long does
it typically take to receive my cash? Typically 2 to 3 weeks
after we receive your documents.
6. Are you a
buyer of mobile home mortgages? Yes, if they include the land.7.
Are you commercial note buyers? Yes, call
us if you need to sell commercial Deed of Trust
9. What if I
don't know the credit of the borrower? We will quote you an
estimated lump sum settlement based on your best guess and
adjust (up or down) the final payment after credit is pulled.
10. Do you buy Contract for Deeds?
11. Are you also trust deed buyers?
12. I would like cash for some payments for
some extra cash but am afraid of loosing all the monthly income?
Not to worry. We can make a partial purchase of your payments
just the amount you need.
13. What is the minimum size you will buy? $25,000.
14. Can I call if I only have questions about
selling my mortgage?
Absolutely. We are here for you. Check out our Hints page
for our suggestions (Free of charge) on managing owner
are interested in selling your monthly real estate payment
stream and have done much research, you probably know by now
that the industry purchases these at varying discounts. You’re
probably wondering what is the discount will be. I'm asked
the question of “how much are notes discounted?”
quite often. You probably also can’t find such a number
anywhere. There is a very good reason for this. It varies.
Actually, it varies a lot.
every buyer has his or her own set of return targets, some
significantly higher than the industry average. Secondly,
the actual discount rate on the cash flow is set based on
the perceived risk of that particular situation. Third, there
is the pure mathematical calculation for the discount. Allow
me to explain.
use a discount rate of 10% to calculate a purchase price of
3 theoretical streams of pmts. Please understand that a 10%
discount rate does not mean you take the balance and take
10% off of it for a price. What it means is you use that rate
for discounting the future income stream, essentially calculating
the net present value of a stream of payments over time. The
key thing to remember is the further out you have payments,
the larger the discounts will be. Below are the three examples.
All assume an original balance of $100,000 and that 2 years
of payments have been made.
– 8% interest and an amortization period of 15 years.
The payment is $955.65. The current balance is $92,505.69.
Discounting to the remaining 156 payments, you receive (before
closing costs which are handled differently by each purchaser)
– 8% interest and an amortization period of 30 years.
The payment is $733.76. The current balance is $98,259.94.
Discounting the remaining 336 payments, you receive (before
closing costs which are handled differently by each purchaser)
$82,634.77. Notice, despite there being a lot more payments,
the price is lower.
– 6% interest and an amortization period of 30 years.
The payment is $599.55. The current balance is $97,468.24.
Applying the discount to the remaining 336 payments, you get
(before closing costs which are handled differently by each
buyer) $67,519.90. That’s a huge difference due simply
to the math calculating the discount on the future income
you have it, how Note Discounting works.
I hope this was helpful.
- Assisting Property Sellers in Making a Fast Sale of their
1. How would
your service help me market my property fast? By allowing
you to offer "owner Financing" where we buy the
income stream after 1 payment has been made, you increase
the number of prospective buyers exponentially. This allows
you to a.) Receive top dollar for your property without any
real estate commissions, b) Eliminate any price cuts to buyers
taking advantage of your eagerness to sell and c) Eliminate
any credit toward closing costs, so common today.
2. How do I structure
the note? We will assist you in structuring the owner financing
so you get the most cash when selling your payments.
3. If I cash
out my monthly owner financed payments, won't that cost me
a lot of money? Before I answer this question, allow me to
ask a question. How much will it cost you if you a) Have to
pay real estate commissions, cut the price to a perfect credit
buyer, give the buyer a credit toward their closing costs
and have to pay in interest, taxes, utilities and insurance
during a long drawn out marketing period? As you can see,
selling your house in this horrible real estate market "the
old fashioned way" is quite expensive, not to mention
the stress and strain on you and your family.
4. What if what
I currently owe the bank is equal to or greater than the value
of my home? Unless you have cash to supplement the sale or
get approval from your current bank for what is called a "short
sale" (the bankco. accepts less than a full payoff),
our service is probably not a fit for your situation.
5. Can utilizing
your service really help me move my home in 30 days or less?
Yes. Advertising "Owner Financing Available" will
result in a) A significant increase in hungry residential
buyers that are not very price sensitive, b) A process you
control and not a bunch of real estate agents and c) No long
drawn out loan underwriting process (sometimes multiple applications
and prospects). These factors should help you move your property
fast or at least significantly faster than the way most home
sellers sell their home including competing homes in your
area. News Item 03/01/09:
New House Sales at All Time Low. For more click on Home