Trading Central for Mortgage Notes and Deeds of Trust THE FOUNTAIN GROUP has been innovative in the finding creative purchasers of Privately Held Mortgage Notes, Deeds of Trust, and Land Contracts. We have researched the development of numerous programs that will help our clients meet their immediate needs. THE FOUNTAIN GROUP has found that many times when an individual is looking to sell their Mortgage Note, it is because they are in need of a small amount of immediate cash, while others would like to cash out their Mortgage Note in its entirety. With this in mind, we have developed the following purchase options.
Mortgage Note Purchase Options ·Full Purchase - The purchase of a Mortgage Note in its entirety ·Partial Purchase - The purchase of a specified number of future payments ·Split Payment Purchase - The purchase of a specified monthly amount YOUR OPTIONS ARE UNLIMITED!!! THE FOUNTAIN GROUP will arrange the purchase of Mortgage Notes, Deeds of Trust, and Land Contracts in all 50 States. We also arrange the purchase of notes on the following property types.
Mortgage Purchases Arranged On The Following Property Types · Single Family Residences · Multi-Family Units · Mobile Homes · Condominiums / Townhomes · Land (improved and unimproved) · Commercial Properties
Note Purchase Criteria It is important to note that all seller financed notes are purchased at a discount, not at par value. This is because this type of instrument is a non-conforming secondary investment. The amount of the discount depends upon a variety of factors including (but not limited to) the type of property, the payor's credit report, the note structure and terms, and the equity position. At THE FOUNTAIN GROUP we work with you to minimize the discount so that you receive the most amount of cash possible. Our quotes are always well above those of our competitors because we have access to unlimited funds through our portfolio partners and those of our private investors and pension plans. While we can not get every buyer qualified, our requirements are much less stringent than banks and other traditional lenders--and we can save many deals that otherwise can not close! Temporary Seller Financing (buyer held mortgage) is not meant to replace traditional, conventional lending… but is designed to be used as an additional alternative method of financing, when the conventional approach will not work or is not desirable for some reason. For example: · When the buyer does not "bank qualify" because of a high DTI ratio, or is newly self employed, or has a low down payment, etc. · When time is of the essence! We can generally close within 7 days of getting of full package. · When the property has not moved and seller is ready to drop the price...DON'T DROP THE PRICE! Instead, offer owner financing, attract more buyers immediately, sell the property at full appraised value, and discount the note! Everyone wins with Temporary Seller Financing. The seller gets cash out at closing, the buyer gets a property he could not otherwise purchase, and agents get commission based on full sales price. WIN! WIN! WIN! It is a well known fact that offering Owner Financing sells properties fast… especially with properties and / or buyers that do not conform to traditional lending requirements. But most sellers do not want to Carry the Note….. They want to cash-out at closing, or at least get a major portion of the sales price to pay off existing liens and meet other cash needs. Please note: THE FOUNTAIN GROUP and our investors are not "lenders" and do not create or originate loans. We only purchase existing mortgages and that is why the seller will first create the note and then in turn, sell it to us.
Contact Us Today Telephone: 267-303-0858, Email thefountaingroup@yahoo.com - (Click Here)