CoreLink Capital -

Seller financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to take back a note, deed of trust, mortgage or contract including:

• Quick sale of the property
• Monthly income from the note
• No hassles of bank financing (fees, delays, and strict underwriting)
• More qualified buyers
• Property is hard to finance

Because the buyer is making payments to the seller rather than an institutional lender, the legal arrangement is called a private mortgage, seller carry-back, installment sale, or owner financing.

The seller has the same mortgage rights as a bank, so if the buyer does not make payments, the seller can foreclose and take the property back.

When the seller prefers cash today rather than payments over time, the rights to future payments can be sold or assigned to a note investor on the secondary market.

Circumstances change and many sellers would prefer cash today rather than small payments that trickle in each month. Here are just a few reasons people have sold their note payments for cash:

• Retirement
• Taxes
• Investment Opportunity
• Expensive Medical Care
• Vacation
• College Tuition
• Unexpected Financial Changes
• Peace of Mind – no more worrying if the buyer is going to make late payments or having to foreclose
• Accounting headaches, IRS regulations, paperwork hassles and the list goes on…

We pride ourselves on:

• Quick closings
• Excellent customer service
• Competitive quotes
• Providing customized options
• Strong financial backing
• Flexibility on all note purchases
• Confidentiality with all transactions
• Credibility in the industry

At CoreLink Capital we provide top rate service combined with the best prices available.

We invite you to contact us if we can assist you!

We can purchase all or part of your remaining payments. Selling part of the payments allows you to receive a lump sum of cash up front, then payments when the note reverts back to you. We can even pay cash for a portion of each monthly payment.

Many people elect to sell just enough payments to meet their cash needs today and keep some of the future payments as an investment or nest egg. Always ask for an option that meets your needs.

Many of the items that affect the value of your note were determined at the time the property was sold. However, there are three things that you can do now to make your note more valuable:

• Keep good records and copies of the payments received,
• Obtain a copy of the property insurance policy from the buyer each year; and
• Verify the property taxes are paid  when they come due (usually twice a year).

This will help maintain the value of your important asset and avoid any unpleasant surprises.

The first step is to obtain a quote using our online form here or by calling us at (704) 665-7054. We also request copies of the documents relating to your transaction:

• Note and Mortgage (Deed of Trust or Contract)
• Closing statement
• Buyer information
• Pay history and current balance
• Previous title insurance policy
• Current hazard insurance policy

We will then provide you an offer subject to the standard title, appraisal, and buyer’s credit review. Once under contract, you will receive your cash as soon as all of the documentation can be obtained. This typically takes as little as 10-15 working days.