Our company is a full-time broker of mortgages and trust deeds. We can be of some assistance to the following professionals and their clients in raising lump sums of CASH:
Mortgage brokers who work with creative financing technique
Real estate agents evaluating potential transactions who employ creative financing strategies
Attorneys involved with estate planning, real estate, probate, or divorce
Accountants who prepare individual tax returns
Financial planners advising individuals on investment strategies and estate planning
Mortgage Brokers who work with creative financing techniques: We can help you to close business that you would otherwise lose, or that a standardlender would turn down because of previous credit problems, a highdebt-to-income situation, or minimal work history with a current employer. Also, we are not concerned as to the source of the payor’s down payment funds. This will enable you to enhance your level of service to your clients, puts dollars in your pocket now for processing the transaction, and satisfies the financing requirements for your real estate agents.
Real Estate agents evaluating potential transactions who employ creative financing strategies: We can help to fund the sale of some of your current listings and considerably broaden your market of potential buyers.
We DON’T make loans. We buy notes that already exist and we also buy owner take-back notes a few days after the closing of a property has taken place. This is a great benefit to your clients because it allows the buyer to receive the advantages of financing by the owner (including a substantial savings in closing costs), while, at the same time, the sellers receive an ALL CASH transaction.
We can suggest the best financial terms to specify in a note BEFORE it is created so that it will result in the best CASH value for the seller if the note is sold at closing.
It should be pointed out to the property seller that:
The real estate sale can close more quickly- usually within 30 days.
If the seller continues to hold the note, they have a long-term investment
with a guaranteed rate of return and can defer taxes on the profit from
their home.
They can sell off only part of the note if they want. Example: Someone
holding a $75,000 note might just sell $25,000 worth of the monthly
payments.
Private financing costs the home seller typically nothing. We usually pay the cost of the credit check, appraisal & title search.
How would that affect the home buyer who’s paying on the mortgage? It
wouldn’t. He simply mails his monthly payments to a different address.In addition to Mortgage Brokers and Real Estate agents, the following Professionals can attest to the difficulty of keeping up with client demands, particularly when it comes to helping a client to raise money:
Financial planners advising individuals on investment strategies and estate planning
Accountants who prepare individual tax returns, and
Attorneys involved with estate planning, real estate, probate, or divorce:
We are in the business of converting privately-held mortgages, trusts, and land contracts to CASH for individuals, like your clients, who have taken back financing when they sold their properties. We can quickly, accurately and confidentially provide a Professional Note Appraisal to enhance your level of service to clients by determining the current value of the note. The noteholder can elect to sell all or part of the note for CASH, applying the proceeds towards a new financial goal or need.
Your client, having determined the note’s cash value, then has the following options:
If your client continues to hold the note, they have a long-term investment with a guaranteed rate of return and and can defer taxes on the profit from their home, provided the payor remains current on his monthly payments.
However, there are There are many reasons that your client may want to
consider selling the note, or a portion of it, for CASH today, working with a reputable company such as Condor International Financial Services.
Usually, we can tailor a transaction to fit your client's exact cash needs, allowing him to sell all of the contract or just a portion of it, and we usually still cover all closing costs.