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"Have you ever had a motivated seller, motivated buyer and a motivated realtor,
completed initial paperwork and then couldn't put the deal together?
Or late in the loan process, have you had an underwriter advise
you that the loan couldn't be approved because of some technicality?
Have you ever had a customer apply for a loan who was self-employed
or was new to the area and not eligible for conventional financing?"
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Maybe you have taken mortgage applications and found that your customer
was receiving payments from a mortgage note, structured settlement, lottery
or annuity. Wouldn't it have been nice to be able to liquidate those
assets to improve the quality of the loan being applied for? Well now
it can be done. American Funding Group, a prominent note buyer, will buy the payments
from existing mortgages, trust deeds, business notes, settlements, lotteries
and annuities - creating cash to strengthen your loan application.
On new transactions, the property can be sold with owner financing.
American Funding Group will purchase the owner financing for cash at
closing. The seller gets cash, you earn a referral fee and your realtor
or other referring source earns money on a deal you didn't think would
go together.
Through Our Services, You Can:
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- Earn more money
- Create more business
- Make money on transactions which were previously impossible
- Strengthen your relationships with your referral sources
- Convert assets of periodic payments to cash and apply the cash
to the loan,
strengthening the loan application and creating:
Lower LTV
More committed buyer
More protection against default or foreclosure
More equity for the buyer
"I was happy with their promptness and professional service. Everything
was set up and ready to do when we got to the closing table." D.D.,
Bayonet, Florida
How Can You Benefit From Our Services?
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Review your loan applications looking for assets in the form of mortgages,
trust deeds, business notes, settlements, lotteries or annuities. Review
your dead loan files looking for transactions that you couldn't close,
which are currently mortgaged at less than 40% of market value. Take these
files (or when the need arises) and call us or fill out the Existing
Mortgage Worksheet, New Mortgage
Worksheet, Business Note Worksheet
or Settlement Worksheet. E-mail
or Fax the worksheet to us at (775) 383-0517 and we will appraise the
value of the contract and offer your client purchase plans for it. |