Full Purchase: We would purchase
all remaining payments due on the note. The seller would
receive one large lump sum payment at closing.
Partial Purchase: A portion of
future payments due on a note would be purchased. The seller
would retain ownership of the remaining payments. There must
be sufficient equity in the property. The seller would receive
a lump sum of cash now and then receive the remaining payments after
our purchase term is complete.
Split Partial Balloon Buyout:
This is when a note has a certain number of payments and a balloon
payment is due at a later date. The payments leading up to the
balloon and a portion of the balloon are purchased. The seller
gets a lump sum of cash at closing and receives the remaining
balance of the balloon when it is paid off.
Reverse Partial: Only the future
payments of the note are purchased. The seller continues to
receive payments for an agreed upon length of time before the
purchase term begins and the payments transfer to the buyer.
Split Payment Partial: Only a
portion of each monthly payment is purchased for a predetermined
length of time. The seller continues to receive the remaining
portion of each payment. This is a good solution for people
who need a lump sum of cash now but would like to rely on some
monthly income.
-A Mortgage Note Buyer -
