Agents won’t send you deals until they understand what you do. Include this brochure in your mailings to Realtors, along with one of the sample letters. It explains, in the agent’s terms, how a seller-held mortgage can sell a property.
When to use this brochure
Seller financing goes in and out of fashion with interest rates. When bank rates are low, seller financing of houses is rare. Seller financing of other property types, such as commercial, industrial and land, is much more common. In those times, aim this brochure at agents who handle those kinds of transactions.
The brochure
How a Mortgage Can Sell a Property!
Using a private seller carryback mortgage (or deed of trust) to sell a property quickly and profitably is one of the best-kept secrets in real estate.
The benefits to the seller are immense: an immediate all-cash sale without paying any points or fees, and without waiting for (and hoping the buyer gets through!) the lengthy loan process.
The buyer receives financing on attractive terms without paying points or fees or going through a drawn-out qualification process.
Private mortgages and trust deeds make sense for the seller, the buyer, and the agent!
How does it work?
We are interested in transactions involving a buyer’s down payment and a seller-held first or second mortgage or trust deed. We contract to purchase that mortgage or trust deed.
Immediately upon closing, once the documents are recorded, the seller receives cash for the mortgage or trust deed.
How does the seller know the mortgage will be purchased?
We sign a legal contract with the seller obligating us to purchase it. The seller knows what he or she will receive for the mortgage or trust deed before selling the property.
Is the mortgage sold at a discount?
Yes, but when discounting is necessary, our policy is to always keep it to a minimum. We never charge any points, fees or other expenses; our quote is always exactly what the seller will receive.
Remember: when seller financing is involved, the process is much quicker and smoother than dealing with a financial institution, and much more likely to close!
What we can pay for a particular mortgage or trust deed is determined by a number of factors: the lien position; the real estate securing the note; loan-to-value ratios; payment history (if any); payor credit history; owner-occupied vs. non-owner-occupied (if a house); amortized note vs. interest-only and balloon; interest rate and term of the note; and current market interest rates.
We pay the highest cash possible to the property seller for the mortgage or trust deed.
Just give us a call and we will give you several options that may speed the sale of your listings.
[Your Name] · [Your Company] · [Your Phone] · [Your Email] · [Your Website]
Make it yours
Put your own name and contact details where the placeholders are, and use the term that fits your state or province: mortgage, trust deed or contract for deed. Keep the promise about fees only if it’s true for you: the brochure says your quote is exactly what the seller receives, with no points or fees.
