| What is
Notes Buying? |
Woodrow
Properties specializes in the purchase of owner-financed real estate
notes. We can provide cash for real estate owners who have sold
their property and financed it for the buyers. Owners of these notes
may find they need money for; the purchase of other homes or investment
opportunities, personal emergencies, estate settlements, etc., or
desire to have cash instead of collecting a monthly payment for
several years.
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| How We Buy
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- Once
we have obtained the terms of your note, we will give you several
options for our purchase of your note.
- The
purchase price will depend on your local market conditions,
the payor's credit report, the rate of interest of your note,
the remaining term of your note, the number of payments made
to you by the payor, and the type of mortgage (first, second,
wrap-around, etc.)
- We
have no standard formulas or rates for purchase. Every note,
property and payor is different. We examine and research each
note to determine its highest value. Only through fair and careful
evaluation can we maintain our position as the leading cash
resource for note sellers.
- Upon
your acceptance of our offer, we will sign a "Commitment" to
purchase your note. A credit investigation is conducted on the
payor of the note, and an appraisal is made. We usually close
and fund the purchase within 30 days.
- As
soon as the required information is received, the cash for the
purchase of the note is forwarded along with the closing instructions
to a title company in your area. The funds we send to the title
company will normally be in the form of a cashier's check or
wire transfer. The title company will issue the mortgagee's
title insurance policy, and have you sign all the necessary
papers before disbursing the cash to you.
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Send
all Notes Buying inquires to:
woodrowproperties@yahoo.com
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