Seller Financing may not seem, at first glance, to be a very glamorous topic!

When was the last time you pulled out the fine china for tea and had a lively discussion of the legal requirements of RESPA or the appropriate structure of a real estate security document – otherwise known as a Note – or discussed the legal implications and distinctions of the new SAFE Act?

However, consider this:  seller financing “is a tool that can be used to close deals much faster, sell hard-to-place properties as well as high-end homes, and to finance borrowers that may not qualify for traditional bank loans ….”~ Streetwise Seller Financing by W. Eddie Speed

Seller Financing is a very viable option, and is fast emerging as the solution to the decline in traditional lending due to the subprime crisis. Increasingly, it is responding to the sluggish real estate market by offering a real alternative to conventional mortgages.  With seller financing, more property owners are able to sell — often more quickly and at higher prices.  It also allows many would-be buyers to purchase the properties they want.

Professional Note Manufacturing Services:

At NoteCallings, we offer very specialized and expert knowledge in the field of Seller Finance and Note Manufacturing.  What does this mean, and why is this important to you?

Whether you’re a buyer, a seller or a real estate agent, there are several ways that we can help you determine if Seller Financing is a potential option for you or your client.

~ We consult with you to provide expert advice on the best way to structure and document your note so that the transaction is safe, ethical and legal, complying with all RESPA required disclosures as well as being compliant with the new SAFE Act regulation.

~ We also conduct comprehensive due diligence to make sure the buyer is credit-worthy, and we prepare all necessary documentation for closing.

~ In addition, we provide consultation on how to Service the Note so that the process for the note owner is easy and streamlined.  The rigor of this process gives assurance to the note holder that they will receive their monthly payments from the buyer for years to come.

Note Buying Services:

As long as the note is manufactured properly in the beginning with the EXIT STRATEGY in mind, and the documentation and servicing of the note is handled correctly, then we will also offer to purchase the full note or a portion of the note at the lowest discount possible — whenever the note owner decides to sell the note down-the-road. We also request a “first right of refusal” on all notes that we create.

As you can see, this provides an excellent “exit strategy” for the note owner which is designed at the outset for built-in flexibility and maximum cash value when when it comes time to sell.

The Advantages of Seller Financing:

So whether you want to sell or purchase a home, commercial property, or raw land, offering Seller Financing is a powerful tool that will help you to generate more buyers and more showings, and help sell your property faster at fair market value.