| ATTENTION BROKERS AND MORTGAGE HOLDERS:
Do you need a lump sum of cash now?
Types of mortgages/notes purchased: | Contracts for deed
First mortgages/first trust deeds
Partial purchases
Full purchases
Wraps
Balloons
Interest only notes
| Types of properties: | Land -- improved or unimproved
Single family homes
Rental houses/condominiums and multi-family
Commercial buildings
| Purchase Amounts: | $20,000 and up
| Loan-to-Value: | Owner occupied single family: up to 75%
Non-owner occupied single family: up to 70%
Multi-family residential: up to 60%
Commercial: up to 60%
Land: up to 50%
| Current Pricing/Yield: | Residential: 8.5% - 10.5%
Commercial: 9% - 11%
Land: 11% - 15%
| Location: | Nationwide
| Additional Information: | We also have the capability of purchasing business notes. A business
note is normally secured by the assets of the business, not by real estate. We also purchase receivables secured by timeshares, fractional shares, and campground resort end loans. We can now purchase lottery winnings in
certain states. Call for further details.
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| Samples of Receivables
Wes-State Has Purchased:
A $34,473 note secured by a first mortgage on business property in Jackson, MS
A $44,460 trust deed secured by rental property in Dallas, TX
A $26,000 fist mortgage secured by a single family residence in Harrisburg, PA
A $41,500 note secured by a single family residence in Ft. Worth, TX
A $22,500 note secured by a single family residence in Asheville, NC
A $35,760 single premium annuity held by a client in Columbia, SC
A $42,630 trust deed secured by a single family residence in Kansas City, MO
A $55,250 note secured by a farm and house in Medford, OR
A $64,000 note secured by a piece of property in Lockport, NY
An $87,500 note secured by a piece of property in Fountain, SC
A $92,000 note secured by an annuity owned by a client in Baltimore, MD
A $48,300 note secured by a first mortgage on rental property in Woodbridge, VA
A $22,500 note secured by a first mortgage on a single family residence in Asheville, NC
A $45,000 note secured by a first mortgage on a single family residence in Hackensack, NJ
A $35,000 note secured by a first mortgage on a single family residence in Fayetteville, AR
A $62,800 note secured by a first mortgage on a single family residence in Bay City, TX
A $31,900 note secured by a first mortgage on a single family residence in Kansas City, MO
A $25,914 note secured by a first mortgage on a house and acreage in Ticonderoga, NY
A $38,100 note secured by a first mortgage on commercial property in Marshfield, WI
A $93,890 note secured by a first mortgage on a single family residence in Topeka, KS |
Brokers earned 3 to 6 percent fees on these Note Purchase Transactions.
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