Seller Carry-Back Finance, Trust Deeds, Mortgage, Land Contracts, Promissory Note, Oil & Gas Notes

Real Estate Agent Sales Aid & Seller Carry Back Financing

2008-01-03T16:14:00.000-07:00

I would like to address one of the current public concerns with the Real Estate market, especially in these tough times.

I the Owner and CEO of a Paper Asset Liquidation Company. I aid Attorneys, CPAs, Real Estate & Mortgage Brokers with helping clients realize quick property sales through the use of seller-financed notes. I assist individuals and companies in turning privately held paper assets into cash. With my assistance, professional advisors have been able to help their clients conclude the purchase or sale of real estate & other properties through the use of seller-financing.

Over the past while I have helped a number of people to purchase homes. It is becoming more and more difficult for people to qualify for a mortgage. Many people are being refused a mortgage for various reasons such as inability to make the downpayment. After learning about my business, Real estate Agents are figuring out that if a seller is able to provide "Seller Carry Back Financing", the customer is able to make the purchase, move into the home and begin making the payments. The seller is able to move the property and the buyer is able to achieve their goal. It is a win-win for everyone.

After a bit of time passes, say 6-12 months, I can arrange for purchase of the financial note from the seller. This enables the seller to receive cash and to be clear of the headaches involved with being a Lender and a Landlord, so to speak.

The final result is that the Seller is able to receive cash and be clear of the property that they chose to sell. The Seller now has their cash. The new home owner has a good deal and can carry on with the purchase agreement as originally negotiated. The seller will notice very little change other than where the payments are sent to.

The sale of the Seller Carry Back financing can typically be completed within 10 - 20 days, with no expenses to the seller. All expenses would be covered by my end and the funds are processed through Escrow so that all parties involved are completely protected.

My note purchase techniques have also provided many note holders with the ability to liquidate revolving real estate distributions, divorce settlements, partnership dissolutions, real estate exchanges & similar situations where the conversion of private paper assets to cash may be required.

I would be very proud to offer my services to help people achieve their dreams. I work with properties, and other notes, all throughout Canada and the USA.

My services are at your disposal. I would enjoy the opportunity to hear from you, if you have any thoughts or questions. Please feel free to contact me. you can leave a message here or Just click on the link to my website "Contact Us" button and submit your information and question. I will reply promptly.

"Contact Us"

www.professionalnoterelief.com

Selling Cash Flow Notes, Trust Deeds & More

2007-11-28T21:30:00.000-07:00

Everything you need to know about selling your real estate and other cash flow notes.

For those looking to sell notes of any kind;

i.e. Real Estate Notes, Legal Settlements, Contracted Cash Flows and a wide variety of other Note Types. Note buying and selling has become extremely popular over the last decade or so, and Note Sellers such as yourself have more opportunities than ever before.

Now you can quickly and easily sell all or simply a portion of a note that you carry. This gives you immediate access to needed cash for purchases, cash flow, investment or other financial purposes. Research shows that Note Selling or Note Buying has gone on for a great many years.

At Platinum Innovative Services Inc. , I have teamed up with the most reputable, most experienced note buyers in the country and created the http://www.professionalnoterelief.com/ website. If you have a note to sell or just want to learn a little more about the types of notes we purchase, you've come to the right place.

There are many reasons to sell your note, and most of the time it can be more profitable to you than not doing so.

The key to remember is: "Money today is always worth more than money tomorrow".

What does this mean? It means that over time, due to inflation, uncertainty of what the future holds and other intrinsic factors, the value of money declines.

Example: $50,000 owed to you in monthly installments over 10 years is not worth nearly as much as the full amount right now, or even a significant percentage of that full amount.

That's why so many people choose to sell their notes in their entirety, or just a portion of the note. It gives them access to instant cash that they can use for whatever purpose they choose...and they don't have to worry about whether or not they are going to receive the payments they are due, month after month, year after year.

Note selling will give you peace of mind!

Ready to sell your note? Have a question? Just click on this link and you will find further explanation in my website http://www.professionalnoterelief.com/ . You can also use the "Contact Us Link" in the website to submit your note for sale or to submit a question.

Just fill in the short form and we will contact you via email or phone to answer your question or to see if we will be able to purchase your note and release your well deserved cash.

I am the owner of Platinum Innovative Services Inc. and I will always go the full distance to provide a prompt, fullfilling and courteous note selling experience for you.

My contact information and "Contact Link" are all readily available in my website.

We look forward to seeing you again soon,

Randy Boughton

Website: http://www.professionalnoterelief.com/

"Contact Us" link.

"Escrow", What is Escrow & Why is it good for me.

2007-11-18T15:24:00.000-07:00

“Escrow”

Definition:
*To deposit something of value with a third party who will deliver it to another party when certain conditions have been met.
*The term is often used to describe different events during and after a real estate transaction.

I will use a Real Estate Transaction to explain the "Escrow Process" in more depth:

Home Buying, Facts About Escrow

*You'll probably hear the word escrow many times during your home buying transaction, and the term can be confusing, because it is used to describe different events that take place before and after the real estate settlement, the day of closing when the property becomes yours.

Let's take a look at the definition of the term escrow and the different ways it comes into play during your home buying transaction.

Escrow: Documents or something else of value, often money, held by a neutral third party in order to be used at a later date to fulfill an obligation.

Escrow During the Home Buying Process

Earnest Money Deposits
*If you are buying a home, your first exposure to escrow was probably associated with the "earnest money deposit" that accompanied your offer to purchase the house. (This protects your "Good Faith" deposit) That money likely went into someone's trust account, where it will remain in escrow, protected by that neutral third party, until it is credited to you when the transaction closes (or is dispersed in other ways if the transaction fails to close).

Escrow Agent
*You'll hear the term escrow used to describe the title company, attorney or another person who is hired to handle your closing transaction. That person is often called an escrow agent, because she maintains all documents and funds related to the transaction until the day of closing.

Lender Escrow Accounts
*The term escrow is used again to describe accounts your lender sets up in order to pay your home insurance and property taxes when they become due. Remember the initials PITI? You saw them when the lender calculated your projected monthly payment. Those letters stand for the components of each payment:
P, Principal
I, Interest T, Taxes
I, Insurance

*Tax and insurance bills are typically sent directly to your lender. Both of those bills are paid annually, but most lenders require you to pay 1/12th of the annual bill each month. The lender deposits the partial payments in an escrow account, where they'll accumulate until it's time to pay your taxes and insurance the following year.

*You'll begin funding your your escrow accounts by making a payment into them at closing.

RESPA Guidelines for Escrow Accounts
*The Real Estate Settlement Procedures Act (RESPA) (in USA) includes laws that all lenders must follow when funding and managing your escrow accounts.
*RESPA does not require borrowers to maintain an escrow account with their lender--lenders make that decision. The laws do regulate the maximum amounts that a lender can require a borrower to maintain in an escrow account.

Escrow Account Cushions
*Lenders can require borrowers to keep a cushion, or excess, balance in their escrow accounts to cover unanticipated increases in the following year's tax and insurance bills.

*The cushion cannot be more than one-sixth of the total amount paid out of the account each year. That usually amounts to two months of escrow payments. Most lenders now require that borrowers fund their escrow accounts to the maximum amounts.

Must lenders pay interest on money held in escrow accounts?
*RESPA does not require lenders to pay interest, but some states do.

What if my lender doesn't pay my taxes on time?
*The lender should pay your taxes on time if your mortgage payments were paid on time. The lender must pay any penalties assessed to you for late payment. If the lender refuses, you can file a formal complaint with RESPA.

What should I do if my lender doesn't pay my hazard insurance and the policy is cancelled?
*Lenders are required to make payments on time if your mortgage payments were on time. Contact the lender immediately and fax a copy of the insurance bill, making sure it is sent to the correct department. Talk to an attorney if you incur damages due to the lender's failure to pay.

-Some people opt to pay the past due premium to make sure their coverage isn't terminated, then deal with the lender to get it back.

How much money is the lender allowed to have me keep as a cushion in escrow? *Your lender can require you to keep an escrow cushion that equals no more than the 1/6th excess funds mentioned above.

I hope this has given you an example of Escrow and how it is utilized in some, but of course not all real estate transactions.

Esrow is also commonly used in the sale of Seller Carry Back Mortgages. This is of course what is commonly useed when closing a transaction with my company, PLATINUM INNOVATIVE SERVICES INC. . As mentioned throughout my blog site, I am a CASH FLOW SPECIALIST. PLATINUM INNOVATIVE SERVICES INC. will purchase your FUTURE INCOME for cash.

Please click on the link for my website www.professionalnoterelief.com and I will explain more about this option.

Clock on the "Sell Your Note" link in my website for a quote on your financial note.

Thank You for visiting my blog page. Please feel free to leave your thoughts, comments, questions and etc.

PLATINUM INNOVATIVE SERVICES INC. will negotiate Cash settlements on financial notes anywhere in Canada and the United States of America. Please do not hesitate to follow-up on this opportunity.

Your satifaction is our goal!

Why is a Deed of Trust Different From a Mortgage?

2007-11-18T14:03:00.000-07:00

The amount of paperwork home buyers sign at closing is astounding. Most of those documents will be generated by the buyer's lender. Without reading them and just signing, it can take buyers almost an hour to finish. Although, it is always advisable, even if it takes more time, for buyers to actually take time to read the documents and and to understand what they are signing.

What is a Deed of Trust?
*If you have never read a deed of trust, you might have questions about it. After all, it is the security for your loan. It is the document that is recorded in the public records.

A deed of trust contains three (3) parties:
*The Trustor, which is you, the borrower
*The Trustee, which is an entity that holds "bare or legal" title
*The Beneficiary, which is the lender

The deed of trust is an instrument that identifies the following:
*Original loan amount
*Legal description of the property being used as security for the mortgage
*The parties
*Inception and maturity date of the loan
*Provisions of the mortgage and requirements
*Late fees
*Legal procedures
*Acceleration (* Note 1) and alienation clauses (* Note 2)
*Riders, if any, regarding such clauses as prepayment penalties or terms of an adjustable
rate mortgage

What is a Trustee?
Because mortgages do not contain a trustee, many borrowers are confused between a mortgage and a deed of trust. Deeds of trust contain a trustee, an independent third party that does not represent the borrower nor the lender.

*The trustee is an entity, generally a title company, that holds the "Power of Sale" in the event of default.
*The trustee also reconveys the property once the deed of trust is paid in full.
*In the event of a default, the trustee files a Notice of Default; however, in most instances, the trustee will substitute another trustee to handle the foreclosure under a Substitution of Trustee.
*After the 90-day period in the public records, and a 21-day publication period in the newspaper, the trustee then has the power to sell the property on the courthouse steps without a court procedure.
*During the three months following recordation of the Notice of Default, the borrower can redeem the property by making up the back payments and paying the trustee's fees.
*Once the trustee sells the property at a Trustee's sale, it is final.

What is a Promissory Note?
*Whereas the deed of trust is security of the debt, secured by the property, the promissory note is secured by the deed of trust and is the evidence of the debt.
*The promissory note is a promise to pay, signed by the borrower in favor of the lender.
*It contains the terms of the loan such as the interest rate and payment obligations.
*The promissory note is generally not recorded.
*When the loan is paid, the promissory note is marked "paid in full" and returned to the borrower, along with a recorded Reconveyance Deed.
*During the term of the loan, the lender retains the promissory note.

Before Signing a Promissory Note and Deed of Trust you should always read both documents, including the pre-printed portions. You might ask the closer to send you a blank deed of trust and promissory note beforehand. Because preparers are human and can make mistakes, here are the important items to review:
*Spelling of trustors' names
*Principal balance of the loan
*Interest rate (and the rider, if adjustable)
*Payment amount
*Prepayment penalties, if any
*Address of property

*Notes:
1) "Acceleration Clause"

Definition: Language in a mortgage or trust deed allowing the lender to immediately call the loan due and payable upon certain events such as selling the property to another person without paying off the lender or making major alterations to the property without notifying the lender. TIP: While alienation clauses can accelerate a loan, not all loan accelerations are called due and payable because of an alienation.
Examples: An acceleration clause "accelerates" the loan balance.

2) "Alienation Clause"

Definition: Language in a mortgage or trust deed that allows the lender to call the loan immediately due and payable in the event the owner sells the property or transfers title to the property. Almost every loan today contains an alienation clause, which means title cannot transfer and a buyer cannot purchase subject to an existing loan without triggering a due on sale clause.

-->>I always welcome your thoughts, questions or comments after each blog posting.

You can visit my website at www.professionalnoterelief.com

I am a "Cash Flow Specialist", also referred to as a "Paper Asset Liquidation Specialist" and I deal with all types of financial notes. You can see a list of types of notes in my initial Blog Post found in the history legend on the left side of the screen. Myself and my collegues purchase cashflow notes, of all types. Upon closing of a cash flow, your cash payment would be sent to you through an Escrow process to insure the safety of all parties involved.

I will explain "Escrow" in a following Blog.

Have a Fantastic Day.

What is the Rate or Interest?

2007-11-14T12:04:00.000-07:00

Hello and Welcome back! I hope you are having a Fantastic day.

The other day I was asked a question that is very common when dealing with Future Income, Financial Notes, Mortgages, Trust Deeds, Land Contracts and etc. in the way that I do. When a person discovers that they have the ability to sell a mortgage that they chose to "carry back" for someone or any type of financial paper, they often ask me the same two questions.

What is your interest?
What is your rate?

If someone truly understood what it is that my service is all about, they would realize how these two questions do not apply.

There are literally 100's of different types of financing methods, terms, rates, conditions and etc. that are used in the financial market. Yet, neither of these two questions could possibly give a person, that has financial paper to sell any kind of accurate information on what they could possibly receive for the sale of their particular financial paper.

The last one hundred financial notes that were sold will all have very different characteristics from your own situation. There are many factors that have to be considered for each and every situation, such as;

what is financed (house, car, land, plane, commercial business, etc.)
original face value
current value
location
age of the financial paper
interest rate currently collected
amount of the original down payment
how many payments already made
is there a balloon payment
are the payments current
etc.

The key is that every transaction will be dealt with on it's own merit and with current market conditions taken into consideration as well.

None of this is complicated and once you decide that you would like to liquidate your financial paper and receive cash for it, the process can be expedited very quickly and without complications.

Everyone should be familiar with Banks, Insurance Companies, Investment Companies and etc. All of these institutions utilize this process on an every day basis and people think nothing of it because that is just part of their business. The truth is that most people just don't think of it because most of it happens in the background.

In my Blog posted on November 10, 2007 I did list about 50 types of financial paper that could be sold for cash. There are likely many others that could be added to this list as well.

Would You Like Cash For Your Monthly Payments?

Are you receiving payments on a private loan?

Would you rather have cash now?

If you're receiving payments on any type real estate note, promissory note or private loan, I can help!

It's Quick.

It's Easy.

It's 100% Secure.

You Could Receive Cash in Days!

I work with buyers who are standing by, waiting to make estimates on your note. So whether you'd like to cash out or you'd like to assist your clients in a cash out, we are here to help.

To receive a FREE consultation on your note, please select this "Sell Your Note" link.

You can also go to my website at http://www.professionalnoterelief.com/ for more information about what I have discussed on here today.

Thank You for taking the time to visit my blog and to learn more about this interesting subject.

Wishing You and Fantastic Day, :)

Randy Boughton

Platinum Innovative Services Inc.

Home Builders & New Home Construction

2007-11-12T11:35:00.000-07:00

Hello and welcome back.

Today I am going to touch briefly on a subject that appears to be relatively new to many Home Builders. Any one that is in the home building and home construction industry could run into this situation at times.

You all know about the situation where you have a home or several homes that you have built on spec. (speculation). What can and often does happen is that the new home sales market calms down for a while and you have completed new homes in your inventory. Every month that they sit empty it costs you a great deal of money as well as lost profit.

Then one day you hear of someone that is looking for a place to rent or live for a while. As a home builder your job is to build homes and not to carry an inventory of homes.

You decide that you will rent some of the inventory of homes to people so that it will reduce your losses and you will still be able to make a profit on the home although you may have to wait longer to receive that profit. You decide to go ahead and rent out the home or several of your new homes.

Time goes by and the renters decide to purchase the home and for various reasons you as a home builder decide to carry back a mortgage and they will make monthly payments to you over the next 20, 25 or perhaps 30 years. This can really have a negative effect on your precious cash flow.

Let's say 1 or 2 years pass and things get a little tighter in the home building industry or perhaps you land a large contract for an apartment building or town houses. Yes, you are going to need all the precious cash that you can put together to make this work. There are always bank loans but servicing a bank loan can be a monumental task to take on.

You take a look at what you have available for options and see these monthly payments coming in but certainly not coming in fast enough. What options do you have?

The answer is so simple and can be completed in a very short time. All you have to do is sell your "future income" to an investor and receive the cash, through escrow, very quickly.

Yes, being "Paid In Cash For Future Income" is not a new idea or process but one would think so as the amount of the population, that are aware of this idea is still very small. It seems to be an education process to educate people to this fantastic opportunity.

My company, Platinum Innovative Services Inc. , has a website available for you to educate yourself on the Future Income subject and also be able to submit your future income information for a current market value quote on the financial note that you would like to sell. Just go to http://www.professionalnoterelief.com/ to make that first step in receiving the cash payment.

There is no catch, no surprise, no fees or any other monetary commitment so leave your wallet or purse alone and just enjoy being informed of a very simple opportunity that will release you from the finance business and put your hard earned cash into your Company's cash flow for you.

The process really is that simple. More and more people continue to learn this fact, each and every day. I do invite any & all questions or thoughts that you may have on this topic. You can post your questions on here or feel free to contact me, Randy Boughton, through the contact information on my Platinum Innovative Services Inc. website. There is also a Toll Free phone number that covers all calls from Canada and the United States.

Thank You for taking the time to read my blog and stop by again for more updates and information about being "Paid In Cash For Future Income".

I hope you have a Fantastic Day. :)

Please bookmark this site and return for further insight and information.

Links:

Website: http://www.professionalnoterelief.com/

Contact: Click Here

Paid In Cash For Future Income

2007-11-10T17:07:00.000-07:00

Hello and Welcome to my Blog.

* * *
My name is Randy Boughton

I am a

"Cash Flow Specialist",

or commonly called a

"Paper Asset Liquidation Specialist"

* * *

Yes, this is a very broad title but I will explain it in further detail as we go along. To make it clear and in the most basic of terms, I can arrange Cash for people that have Future Income. Yes, this is completely legal and is something that Banks, Insurance Companies, Investment Companies and etc. have been doing for many years.

You may be curious about the term "Future Income". In the following I will give you a basic sample of what is referred to as "Future Income".

Example:

Mr. Jones has some real estate that he would like to sell. We will refer to it as a house in this case. Mr. Jones has someone approach him that would love to buy the house but for whatever reason they are unable to obtain a mortgage through conventional sources such as a bank or mortgage company.

Mr. Jones decides that he will sell the home to these people and Mr. Jones will carry back the mortgage himself. The buyer and Mr. Jones establish the finance terms for down payment and the monthly payments. They decide that the mortgage will be paid on a monthly basis and over a 25 year period.

Let's say that after 3 years of payments, Mr. Jones would rather not be carrying the mortgage anymore and would rather have cash to cover some other expenses that have suddenly come up.

Mr Jones is now a fantastic canditate to be "Paid In Cash For Future Income".

This is not a complicated thing to do and people do it all the time. There are a great many people that are unaware that they can get relief for the future income that they are collecting every month. Life has many opportunities and sometime it is nice to be able to have cash to do whatever it is that you heart desires.

I often say "Life Happens". Perhaps one of Mr. Jones' children require braces for their teeth, the family car dies and a new car purchase is necessary, a fantastic opportunity to invest in something else and etc..

The following is a list of over 50 different types of Future Income that would qualify for you to receive cash.

Listed by alphabet:

Accounts Receivable
Aircraft

Annuities

Automobile Notes

Business Invoices / Receivables

Cash Prizes and Awards

Casino Winnings

Charitable Remainder Trusts

Church Bonds

Class Action Awards

Collection Accounts

Commercial Deficiency Portfolios

Commercial Leases

Commision Notes

Consumer Installment Paper

Consumer Receivables

Court Judgements

Credit Card Accounts

Defaulted & Sub-Performing

Deferred Settlements

Disability Payments

Divorce Settlements

Equipment, Gas, Oil & Mineral Leases

Farm Subsidies

Funeral Purchase Agreements
Government Contract

Home Improvement Notes

Inheritances & Probates

International Opportunities

Investment Opportunities

Invoices

Land Contracts

Lawsuit Insurance Settlements

Lawyer's Fee Notes

Lease Purchase Agreements

Letters of Credit

Lottery Winnings

Marine

Mechanic's Liens

Medical Receivables

Military Pensions

Mobile Home Notes

Manufactured Home Notes

Partnership Agreements

Pensions

Property Lease

Purchase Orders

Real Estate Joint Venture / Exchanges

Real Estate Notes

Royalty Payments

RV Paper

Motor Home Paper
Sports Contracts

Standard Full Purchase

Structured Settlements

Sweepstakes

Tax Certificates

Tax Shelters

Time Share Notes

VA Compensation

Viaticals Settlements - Life Insurance

Vocational School Paper

Voluntary Separation Incentives

Worker's Compensation

The most common inquiries are in the following areas: Real Estate, Land Contracts, Trust Deeds, Finance, Home Loans, Mortgages, General Investing, people looking for help with a credit situation or those people that would like to liquidate some "Future Income" paper for cash.

There are various others that I could possibly mention but this is a list that will give you an accurate representation of what you will receive cash for.

I must tell you that there are NO FEES and NO EXPENSES to pay and the cash would be paid to you normally through an Escrow Company so that no one has to be unsure about the details of the cash payment. There is absolutely no risk involved in this transaction for any parties involved.

Depending on the Future Income and communication, you can be "Paid In Cash For Future Income" in a few short weeks.

If you would like to know more about being "Paid In Cash For Future Income", please go to my website at professionalnoterelief.com and you can read more including articles about "Future Income".

Thank You for taking the time to read my blog and I will look forward to answering all questions and inquiries that you have.

If you have future income that you would like to inquire about, feel free to make use of the quick submit form that I have on my website. Click here for "Contact Us" Link

Hope You Have A Fantastic Day!

Sincerely,

Randy Boughton

Owner / Cash Flow Specialist

Platinum Innovative Services Inc.

My Company Links:
Website: http://www.professionalnoterelief.com/
Contact Us: "Click Here"

* * * * *
NOTE: "This opportunity is available to residents of Canada the the United States."

I welcome your notes, comments, thoughts and questions: