National Mortgage Buyer Providing Friendly 7 Day a Week Private Mortgage Buying Solutions

"In short, given no one in the political system is about to propose 40% funding cuts or 80% tax hikes, the only remaining way to meet all the new government obligations is inflate, inflate, inflate the money supply. This way, much like a Ponzi scheme, debts can be paid with progressively weaker dollars."

Lee Bellinger, Editor, The American Sentinel

 

 

 

News Storys

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Welcome to US Mortgage Buyer, a U.S. Funding Solutions, Inc. Website

"A dollar today is worth more than a dollar tomorrow."

U.S. Funding Solutions, Inc., is a national mortgage buyer specializing in buying Owner Financed Mortgage notes as well as Deeds of Trust, privately held commercial mortgages (that include real estate) and Land Contracts.

Announcement: We now buy Non-Seasoned and Non-Performing Mortgage Notes. (Sorry, no simultaneous closing notes or 2nds.)

Interested in a Lump Sum of Cash Now from a friendly, professional mortgage buyer instead of waiting years to receive the money from the sale of your property?

Here is something that many private mortgage note holders don't know. You Can Sell a Portion of Your Mortgage Note Payments as opposed to selling the entire mortgage? Inquire about our Partial Mortgage Purchase Program and find out how you can receive a lump sum of cash now for a portion of your mortgage note or for a predetermined number of future mortgage payments.

There are many good reasons to sell a mortgage note, a trust deed or even sell a land contract. Here are just a few:

• Capitalize on a lucrative business opportunity
  
• Buy Foreclosed Real Estate for pennies on the dollar
  
• Eliminate high interest or other debt
  
• Estate planning
  
• Simply to eliminate the risks and hassles of holding a mortgage

So why would you choose U.S. Funding Solutions as your Mortgage Buyer? We pride ourselves on paying the highest price in the industry. Also, we conduct ourselves in a professional manner and have the ability to fund your deal quickly.

Please Call Us Today at 1-877-655-5625 for a Free No-Obligation Evaluation of Your Current Mortgage. I personally guarantee you will be glad you chose to do business with us.

Noteholders - Check Out our FREE List of Mortgage Note holder Helpful Hints on our main corporate site. Click Here to Access this valuable information on Protecting Your Asset.

 

FAQ's - Mortgage Buyer of Private Mortgages, Trust Deeds and Land Contracts

1. What are the advantages of selling an owner financed mortgage to a private mortgage buyer? - The two biggest advantages are a) Accessing the cash now for critical investments or expenses and b) Eliminating the hassles of managing the borrower's payments and reporting.

2. What are the criteria for how much I will receive from a mortgage buyer? There are 4 main factors. They are: Equity in the property, seasoning on the note, the interest rate on the note and lastly the credit of the borrower.

3. Will a mortgage buyer require an appraisal in order to buy my mortgage? Yes.

4. Will you need to check the buyer's credit? Yes, it is a very important factor in determining the lump sum payment for your mortgage.

5. How long does it typically take to receive my lump sum payment for my owner financed mortgage note? Typically 1 to 2 weeks.

6. Can you buy a morgage on a mobile home? Yes, if they include the land.

7. Can I sell a Land Contract? Yes.

8. Do you buy Land Contracts? Yes, with or without improvements.

9. Would you or any mortgage buyer be interested in buying a mortgage on commercial property? Yes.

10. What if I don't know the credit of the borrower that I gave an owner financed morgage? We will quote you an estimated lump sum settlement based on your best guess and adjust (up or down) the final payment after credit is pulled.

11. Do you buy Land Contracts? Yes

12. Do you buy Trust Deeds? Yes.

13. I would like to sell my mortgage payments for some extra cash but am afraid of loosing all the monthly income? Not to worry. As a mortgage buyer, we can even make a partial purchase of your private mortgage for just the amount you need

14. What is the minimum mortgage size you will buy? $30,000..

15. Do you buy mortgages on condos? Yes.

16. Do you buy business notes? Yes, if they include real estate.

 

 

Call Us Today for a Free No-Obligation Evaluation of Your Mortgage Note or Land Contract

Ron Stone

U.S. Funding Solutions, Inc.

Mortgage Buyer

1-877-655-5625

Available 7 Days a Week

 

Real Estate & Mortgage News for US Mortgage Buyer Website

 

 

 

Mortgage Buyer Related Articles That Might Be of Interest

 Some Private Note Holders Are Experiencing The Same Illness As The Big Banks, But They Don't Need To

I was speaking with a private mortgage holder the other day and he was excited about selling his privately held mortgage that he had over $500,000 locked up in. The note had almost a year's seasoning and with a 9.5% rate should bring a good price. I priced the note based on his estimate of the borrowers credit and he was very pleased. The note holder was quite confident that the borrower's credit should be in the area (mid 600s) it was in less than 10 months ago when they closed the sale of his home. The borrower was self-employed and had put down a significant down payment (over $120,000).

As any mortgage buyer will do, we pulled credit and unfortunately the borrower's score had dropped dramatically (to under 500), making the note virtually un-sellable at least at this moment. Needless to say, my customer was both shocked and disappointed. The good news is it was a beautiful custom built home in a nice area so if he has to foreclose on the home, he should do well except for the hassle.

Just like the big boys, many private mortgage holders are getting tangled up in this terrible real estate market. And unlike a bank that has a portfolio of loans to spread their risk on, a private mortgage note holder typically has only one note. The good news is individuals can minimize this risk 4 ways, including eliminating their risk altogether.

1. The first is to require a good down payment (at least 15% and preferably 20% or more).
2. The second is to pull credit on prospective borrowers and require a score of at least 660. And yes, there are prospective buyers with very good credit scores; particularly self-employed buyers that can't produce enough income from tax returns or that just don't want the hassles of applying for a traditional mortgage today. It also might be a good idea to ask how the borrower makes a living. This may reveal a business or job that would be considered risky or very volatile.
3. Third, create a note that has an attractive interest rate with either no balloon or at least a balloon at least 10 or 15 years out.
4. Of course, the ultimate protection for the note holder is to sell the note to a mortgage buyer immediately or even better, after a few payments are made (what is called seasoning). After all, that's what most big mortgage companies do. The discount on the sale of the note can be worth it by eliminating all the hassles of managing a private note (monitoring the borrowers taxes and insurance, documenting payments, 1099s, etc.) as well as make sleeping at night much easier, something we could all use.

One final note. If you ever see yourself selling your private mortgage, even if you don't work with me, now is the time to sell while rates are low and in particular while your borrower's credit and jobs is still in tact.

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