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| About site: Financial Services/Cash Flow/Real Estate Notes - National Notebuyers |
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| About site: http://www.maxicash.com |
Title: Financial Services/Cash Flow/Real Estate Notes - National Notebuyers Massachusetts firm purchases mortgages and trust deeds nationwide.
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NOTEBUYER -
MAXICASH.COM
NATIONAL NOTE BUYERS
exists to help and inform all who need to know about mortgage
notes and trust deeds, both residential and commercial. We
help individuals or companies create, sell, understand notes.
We are investors and do not lend money but purchase cash
flows. We are determined not only to make great deals on
mortgages and trust deed notes which you are selling or buying,
but strive to be a good neighbor. We
shape our business decisions to improve the quality of
life in the communities where we do business.
WE ARE
ACTIVELY SEEKING TO PURCHASE
RESIDENTIAL
& COMMERCIAL MORTGAGE NOTES, TRUST DEEDS AND
BUSINESS
NOTES NATIONWIDE,
along with other structured
payments arising from legal settlements,
annuities, lottery winnings and other types of
payment contracts including but not limited to
inheritances etc., we will underwrite all
notes and close a purchase very quickly,
provided we have a complete loan file
including the required documentation to
provide us with the ability to give our
customers a quote., and we will look forward
to serving you in a professional manner.
A COURT ORDER MUST BE ISSUED PRIOR TO SELLING
YOUR STRUCTURED SETTLEMENT OR ANNUITY.
On January 22, 2002,
President, George W. Bush signed into law a bill that
protects individuals when selling their structured
settlement payments to meet un-planned future financial
needs. This new law makes all structured settlement
payment sales subject to a court order. If there is no
court order, a tax that is approximately equal to 40% +/-
will have to be paid on the total amount of payments being
sold. This new law helps those individuals from being
defrauded.
Feel free to visit our other site.
noteclearinghouse.com
THE SELLING ANNUITY/STRUCTURED SETTLEMENT PROCESS.
There are a number of different programs
whereby an individual can access any portion of their annuity. The
selling annuity of a structured settlement process firstly
requires that a court order be obtained which authorizes the sale.
This is required by all states and by Federal Statute. The
advantage of needing a court order prior to selling the annuity
helps to protect you. The court helps to determine that you are
receiving a fair amount when selling the annuity and that any
remaining payments that aren't sold are protected
Structured settlement transactions must be
accomplished according to strict legal guidelines. A Transfer and
Assignment Agreement is executed with the seller following full
disclosure of the price and other contractual terms. The sale is
announced to all interested parties (payment beneficiaries,
insurance companies) and then must be approved by a judge Personal
injury claims used to be settled merely by exchanging a sum of
money for a release of the claim. In contrast, a Structured
Settlement goes beyond an immediate cash payment and provides
future payments "structured" over time to meet a
person's ongoing financial needs. A structured settlement may
provide payments for a certain period of time or extend throughout
the lifetime of the injured person.
People receive structured settlement
payments as the result of legal action. If one party sues another,
there might be a settlement and the defendant might agree to make
payment over time (annuities-structured settlements. The
defendant, in conjunction with an insurance company, purchases an
annuity policy from another insurance company. The annuity policy
makes payment now and in the future to the original lawsuit's
plaintiff.
Please note that it takes at least 60-90
days, from initial contract to final funding, to complete the
process. CAUTION… anyone claiming that it takes less time is not
telling the truth! We will always attempt to set
realistic expectations for our customers. We will not make wild
promises that cannot be kept. We know that our customers
want and need their money NOW, but the law requires that a judge
approve the transfer of payment rights, and that takes time. We
keep every customer updated each day, if necessary, doing whatever
is possible to speed up the process., and getting you your CASH.
Questions
1.What is meant by Simultaneous Closing?
The phrase "Simultaneous
Closing" is used to describe transactions
that occur when the seller is carrying back a note, as
payment for their property, with the specific intention of
selling the note for cash. In other words, "Simultaneous
Closing" just means, during an escrow
closing, that there are two (2) separate closing
transactions happening within minutes of each other.
for
more info click here
2. Are there any guidelines for this
type of closing?
Yes, one is that the buyer of the property needs to have
a FICO Score of 550 or more.
Because every note has different circumstances it is
difficult to walk you thru the steps here. If you
have a situation you wish to discuss please e-mail us at
richard@maxicash.com
or call us at 413-592-3381 or fax information to
413-594-5516 and we will be happy to walk you thru the
steps.
National
Notebuyers Professionals
Paper
Simultaneous
closings National
Notebuyers Section Structured
Settlements (cash flows)
Business Notes
For Sale By Owner
Real Estate Brokers
Hard Money Programs
Understanding a
mortgage note The
creation of paper
Buyers Wanting
Homes Investors,
Contractors, Developers Frequently
Asked Questions Contact
Us All
Forms
Residential
Loan Application Form 1003 Loan
Request Form Probate
Quote Sheet Home
Seller Form Referral
Form
Pre-Approval
Request Form Business
Note Quote Sheet Mortgage
Note Quote Lottery
& Casino Winnings Request
a Phone Call
Inheritance Trust
Annuities
& Structured Settlement Quote Sheet Recommended
web sites Home
notebuyer, note buyer,mortgages,
note, mortgage notes, mortgage brokers, home mortgage refinancing, mortage
quote, business notes, trust deeds, residential, commercial, cash flow, note
buyers, simultaneous closings, paper, loan, annuities, structured settlement,
national note buyers, resedential loan, buy home, hard money programms,
inheritance trust, home mortgages
We buy mortgages and trust
deeds nationwide. We are actively seeking to purchase Residential and Commercial
Mortgages and Trust Deeds along with other structured cash flow payments
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Massachusetts | firm | purchases | mortgages | and | trust | deeds | nationwide. |
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http://www.maxicash.com
National Notebuyers 2008 October
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Massachusetts firm purchases mortgages and trust deeds nationwide.
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