Proficient buys privately-held (also called seller-financed) real estate notes in all 50 states. Depending on the state, this ‘paper’ may come in the form of a Note & Deed of Trust, a Note & Mortgage, or a Contract for Deed. Certain states have other names for the documents, but they essentially fall into one of these three categories.
The collateral securing the notes may be on any of the following property types:
RESIDENTIAL NOTES
- Single-family residences
- 2-4 family residences
- Multi-family residences (apartment buildings with five or more units)
- Condominiums
- Townhouses
COMMERCIAL NOTES
- Mixed-use properties (buildings with a residential and commercial component)
- Retail properties (strip malls, single-tenant shops)
- Office buildings
- Office condominiums
- Other (If the commercial property type is not listed here, contact us)
LAND NOTES
- Improved residential lots (utilities, sewer/septic, roads, etc.)
- Unimproved residential lots
- Improved and unimproved commercial land
- Recreational land
- Agricultural land
PARTIAL PURCHASE NOTES
Do you have a need for a set amount of cash? We can provide an option to purchase just part of your seller-financed note, leaving you a future stream of payments once our entitlement has been satisfied. This is called a partial purchase, and it’s another option to consider, especially in declining real estate markets where the property you sold may be worth less today than it was on the sales date.
|
|
June 29, 2009
The Word Nerd
My kids call me the “Word Nerd”. Some parents coach their kids on how to swing a baseball bat; I coach my kids how to use words to their advantage.
June 29, 2009
Housing in Peril as Obama Fails to Get Breakthrough
Four months after President Barack Obama pledged $275 billion to shore up home sales, the engine that powered every U.S. recovery since 1960 is stalled.
|
