USFS Announces New Mortgage Note Buyer Programs For Note Holders Seeking To Sell A Note
U.S. Funding Solutions, Inc. has joined forces with a second bank in order to purchase less desirable notes as well as offer even better pricing on other real estate notes. These new mortgage note buyer programs cover holders seeking to sell a note or sell a Deed of Trust or Mortgage and note. “It’s important to offer these programs to the booming owner-financed notes niche as this market has been a huge plus for the struggling real estate market for both residential and commercial properties since the financial and real estate collapse in 2007 and 2008.
With the new much stricter underwriting rules by the banks and FHA and VA after the housing collapse, owner financing is many times the only viable option for many residential and commercial property sellers if they want to move their home or business property quickly. Just some of the new programs’ features are 1) Purchasing unseasoned notes after only one payment has been made if a nice down payment was made on the sale of the residential or commercial property, 2) Buying real estate notes when the borrower’s credit is not great, 3) Buying commercial notes that many private mortgage buyers shy away from. Just a few examples include being buyers of notes on Churches, restaurants, apartments, mobile home parks, convenience stores, office condos, car washes and lube centers. 4) Buying large partials at great pricing when there isn’t much equity in the home or commercial property. Actually, we purchase a part of the payments (5,7,10 years for example) rather than a percentage of the asset. 5) Buying mobile home mortgage notes in less desirable and even remote locations. 6) Lastly, we are buyers of lost notes. Our programs will not only allow more sellers to sell a private mortgage including even holders needing to sell a commercial note but for a much larger sum of cash”, according to USFS president, Ron Stone.
According to Mr. Stone, a 30 plus year finance veteran, “The owner financing market needs a private mortgage buyer to fill some of the voids in the real estate cash flow business to help sellers get the most money possible. That’s where our new buying program comes in. We pride ourselves on offering top dollar for most income streams we buy and even encourage sellers to get quotes from other buyers before coming to us.”
Mr. Stone went on to say, “A lot of owner financed sellers need to sell a private mortgage note fast and for as much cash as possible. Our new expanded program does exactly that. Just as all purchasers in the industry, we purchase the real estate income stream at a discount, however our new discount rates can mean significantly more money to those wishing to cash out an income stream. And lastly, we are available 7 days a week via phone or through our websites. Our main website shows other income streams we buy such as structured settlements and private and corporate disability payments”
- Contact Information
- Georgette Pauls
- Marketing Manager
- U.S. Funding Solutions, Inc
- (1) 828-689-4683
- Contact via E-mail
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