U.S. Funding Solutions, Inc. Residential Private Mortgage
Buyer Website. We are also Commercial Mortgage Note
U.S. Funding Solutions, Inc., is a
national private mortgage buyer specializing
in buying Owner Financed income streams as well as Deeds
of Trust, privately held commercial mortgages (that
include real estate) and Land Contracts. (Closings
in as little as 10 Days).Interested in a Lump Sum of Cash Now
from a friendly, professional firm instead of waiting
years to receive the money from the sale of your property?
“I really enjoyed working
with Ron. He was available all the time, even on weekends.
He always called me back promptly when I missed him.
His availability made selling my monthly payments much
easier. He did what he said he would do and he dit it
when he said he would. I would highly recommend him
and his company.”
Jane P., Austin, TX More
Pricing - Call and Get Quotes From Others and
Then Call Us. For Situations That Fit Our Portfolio,
We Nearly Always Offer A Much Higher Price
what the Federal Government tells us, the blue line
on the chart below shows why now is a good time to
sell a private mortgage. At a real inflation rate of
almost 10%, what will your payments really be worth
in 15, 20 or 30 years?
There are many good reasons to sell your
monthly real estate payments resulting from owner financing
the sale of a property. Here are just a few:
Capitalize on a lucrative business opportunity
Buy Foreclosed Real Estate for pennies on the dollar
Eliminate high interest or other debt
Simply to eliminate the risks and hassles of holding
the financial instrument
So why would you choose U.S. Funding Solutions as your
Mortgage Note Buyer? We pride ourselves on paying the
highest price in the industry. Also, we conduct ourselves
in a friendly professional manner and have the ability
to fund your deal quickly.
We buy in all states except Michigan. We are buyers
of real estate income streams, deeds of trust, mobile
home notes with real estate, commercial income streams,
land contracts, and contract for deeds. To Find Out
How Much You can sell your income stream For, call today
for a free quote.
5 Owner Financing No
by the time I see an owner financed situation, it is
to buy it and too late to help the seller. But for those
that are looking at seller financing,
below are 5 things you need to watch out for in structuring
a seller financed transaction.
Accepting a very low or worse no down payment. This
does two things. First, it means the buyer has no ‘skin
in the game’ and might walk from the property
during rough times. Secondly, an income stream purchaser
will apply a much higher discount rate due to the perceived
a very long amortization period. Again, this makes the
discount much higher than shorter amortization periods.
It also means you will wait a long time to get your
Giving the borrower a very low interest rate. This is
even worse than a long amortization period. Believe
it or not but I’ve seen numerous notes that carry
an interest rate of zero percent, not good. So what
interest rate to use when owner financing?
I would not go below 7% coupled with an amortization
period of 15 years or less..
Not using a good real estate attorney to handle the
closing. This could result in legal documents that might
not be enforceable should you ever have to foreclose
or cash out your payment stream.
Lastly, not making the borrower bring their homeowner’s
insurance policy to closing.
here’s a bonus watch out. Not monitoring the property
taxes to be sure the borrower keeps them current. I
hope these tips help.
Pricing - Call and Get Quotes From Other Purchasers
and Then Call Us. For Situations That Fit Our Goals,
We Nearly Always Offer A Much Higher Price
are the criteria for how much I will receive for my
payments? There are 4 main factors. They are: Equity
in the property, seasoning (how long the borrower has
been making payments), the interest rate and lastly
the credit of the borrower.
a purchaser require an appraisal? It will depend on
the property type and amount of equity. We often just
get a Realtor's estimate of value.
you need to check the borrower's creditscores? Yes,
it is a very important factor for an investor in determining
the lump sum payment to you.
you mobile homepayment purchasers?
Yes, if they include the land.
I sell a Land Contract? Yes.
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.
you also commercial mortgage note buyers?
if I needed a certain amount of money? Can I sell a
portion of my monthly payments to get what I want? Absolutely.
Selling a certain number of your future payments is
often the best deal for you.
I sell a Contract for Deed? Yes, you sure can.
will be the discount on my future payments?
This can vary significantly. The best way to learn this
is by requesting a quote.
long before I receive my cash when I sell? It usually
takes around 2 1/2 to 3 weeks.
You're Thinking About Privately Financing The Sale Of
Your Home, Then You Must Read This
a real estate payment stream purchaser I continue to
be surprised at not only the terms of many owner financed
sales but the pretty lax way they were allowed to be
created. And while I do understand how a anxious home
(or commercial property) seller could easily fall into
the 'I'll do anything to sell my home' pitfall, many
of these tips won't effect the purchase but will still
help protect a newly created financial asset .
are some basic steps you should want to consider taking
when owner financing to 1) Form a more valuable and
marketable financial instrument, should you ever need
to sell the income stream and 2) Better protect yourself
from future losses and/or irritations.
Require at least a 10% down payment, even if it has
to be in multiple installments. A home purchaser with
no "skin in the game", as seen by the default
rate on one hundred percent traditional home loans is
a much more serious risk than one with significant money
on the line.
2. Pull credit on the buyer. Should you are unable to
pull yourself, require the borrower to provide you with
a credit report from all 3 bureaus with all 3 bureau
scores. Keep a copy of the report, particularly if you
plan on selling the private mortgage down the road.
Even if you don't turn a purchaser down because of less
than pristine credit because you really have to sell,
you can often use the below par creditscores to get
a higher interest rate. And don't forget, there may
be legitimate reasons for the problems with their credit
such as the loss of a job or a serious illness. Did
you know that medical expenses are the number one driver
of Bankruptcies in this country? Even people with good
income can be wiped out if they have no insurance. I've
run into many people that had health insurance take
a serious hit to their credit scores due to their health
insurance company dragging out payments.
3. Use a good lawyer or title company to handle the
closing and be sure the documents are in order. A payment
seller approached me the other day to get a lump sum
for his payment stream, only to find out the note had
a "non transfer" clause. You have control
over this process. Be sure the documents is created
in your favor.
taking these steps when owner financing a home or commercial
property sale, you dramatically reduce your chances
of a financial loss in the future.