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Temporary Seller
Financing
It is a well known fact that
owner
financing sells properties fast...
...especially with properties or prospective buyers that do not conform
to traditional lending/mortgage requirements. Until now the big
problem with this approach has been that the typical property seller
does not want to collect monthly payments and probably needs or wants to
cash out at closing -- to pay off the existing mortgage, to cover all
closing costs, to purchase another property, or for any number of other
reasons. . .
Shore
Financing has eliminated that
problem!
Sellers now have access to our unlimited fund sources and can use
our unique Temporary Seller Financing strategy to sell a property at top
price, and still generate cash at closing!
In fact, offering owner financing puts you in much more control of
the terms of your sale because you are now offering something that the
buyer cannot get otherwise.
Here's how it works:
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The seller advertises his property for sale with "owner
financing for qualified buyers". This will generate
immediate interest in the property.
-
With the help of Shore Financing, you can get an
interested buyer qualified and note terms established with one of
our funding sources. The qualification process is much simpler and
cheaper than with a bank or other traditional method.
-
The qualification is completed and a contract is signed so that
the seller knows the mortgage note he is about to create will
actually be sold.
-
The deal proceeds to closing much faster than with a bank
(typically about two to three weeks).
-
At the closing, the mortgage note is created between the buyer
and seller. Immediately, the note is sold to our
funding source, generating the cash needed to pay closing costs, an
existing mortgage balance, realtor fees, etc.
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