Introducing TSF - Temporary Seller Financing

a unique selling and financing strategy for FSBO's...Sell Your Home Fast!

If you have all the prospective buyers you want, congratulations!  If not . . .

      We can help you sell your property, at full price, in 2-3 weeks!

David Dube, owner of Southern Maine Capital, is not a Real Estate Agent . . . but a Certified Cash Flow Consultant, and as such, he has access to a wide variety of private and institutional investors (funding sources), nationwide, with unlimited funds!  These investors aggressively purchase seller-financed mortgage notes, right at the closing table!  This is known throughout the real estate industry as a Simultaneous Close.

With his knowledge, funding sources and unique financing strategy, he can help you find more prospective buyers and can help you close on your property faster than any traditional source.

What you don't know about Temporary Seller Financing could be costing you time and lost opportunities!

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 needs/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.  Sellers need cash!

We have eliminated that problem.  You now have access to our unlimited funds and can use our unique Temporary Seller Financing strategy to sell a property at top prices, and still generate cash at closing.

Basically, you (seller) set the sales price (should be the appraised value) and get a down payment, and create a 1st Mortgage Note that our investors will purchase for up to 85% - 95% of face value (depending on LTV, credit of buyer and rate/term of note), at, or right after, the closing!  Southern Maine Capital will be happy to help you and your buyer through the entire process.

The process is really quite simple.  Essentially, you:

1.  Advertise with wording such as, "Owner Will Finance . . . No Points! No Bank Qualifying! No PMI!"  This will attract many more prospects than the traditional process.

2.  Set the sale price equal to the appraised value (not a penny less!...even if this is higher than what the property now is listed for).  At this point, seller pre-determines, based on their needs, the seller-financed deal that will be offered (i.e. Sales Price / Down Payment / 1st Mortgage Note seller will create / Terms, etc.).

Example:  Sales Price (appraised value) = $100,000.  The deal that might be offered: 10% down ($10,000) and a 90% 1st Mortgage Note ($90,000) @ 10% interest for 360 months.  Monthly payment would be $789.81 (P&I).  Remember, our investor is going to buy this note for approximately $82,500, plus the down payment, and seller gets a total of $92,500, less normal closing costs to cover appraisal and title work.

From this point forward, there will be little or no negotiation with any prospective buyer.  Seller is offering the financing, which the buyer cannot get elsewhere, so the seller is in control.  Remember, this may be the only way the buyer can purchase a home, so they too appreciate this strategy and are eager to cooperate.

3.  Receive / screen calls from the Ad, show the property to 3-4 prospective buyers, position the seller-financed deal that is being offered, get the interested buyers to complete a 1003 Credit Application, and an Authorization to Release Credit Information (standard forms)...RCS can help with this.

4.  FAX to Southern Maine Capital the completed Credit Application(s) plus an Authorization to Release Credit Information, and we will review buyer's credit information; get them pre-approved; and help determine the best prospective investor to sell to.  Our investors are much more lenient regarding credit issues than traditional sources and with a 575+ FICO score we can get most people approved immediately.

At this point, based on the buyer's financial information and the structure and terms of the note, we can determine the exact value of the note and make a firm purchase offer.

5.  Seller and Buyer sign a Real Estate Purchase Contract, everyone agrees on the structure and terms of the note to be created, and Southern Maine Capital provides seller with a contract to purchase that note at, or right after, closing.  We use seller's choice of a local title company, or closing agent, and they take over from there.  We work with them to create and collect all the required documents and set a closing date.

6.  At closing, seller creates and then simultaneously sells / assigns the 1st mortgage note to our investor.  The buyer's down payment plus the funds that will be wired from the investor, are used to pay all closing costs.  The seller collects the balance of the funds.  The buyer will then start making their payments directly to our investor.  It's a done deal!

It is important to note that our investors are not lenders and cannot create or originate loans.  They only purchase existing mortgage notes and that is why the seller will use Temporary Seller Financing to first create the note and, in turn, sell that note to our investor.  Again, this is all done simultaneously, at the closing table.

This approach offers many benefits to the Seller & Buyer!

• The seller gets top price (appraised value) ... the small discount on the note that is sold is often much less than the "price reduction and other concessions" that sellers often have to provide to buyers in order to get the deal done.
• This is a very flexible approach!  Seller can create and structure a note in a wide variety of unique ways to meet varying buyer / seller needs.  And while most sellers will need / want to get all their cash out right away, we can also accommodate the seller who just wants to get some cash now and the rest at some point in the future.  This is called a partial purchase and often provides the greatest overall return to the seller.
• There is less negotiating, less hassle, and we close much faster!  Once the buyer is under contract, and we have the required paperwork, we can usually close and fund in 10-14 working days, or less.  Not 30-60-90 days!
• Lower closing costs!  No junk fees!  No PMI!  No points! No loan origination fees!  Other than the realtor commission (if any), the primary closing costs are simply the normal cost of an appraisal ($300-$400) and title work (+/- $1000) plus processing  / legal fee ($200-$300) charged by the title company to create the required paperwork.  And these fees can usually be split by the buyer and seller.

You get all of the above on a deal that would not have been do-able with traditional financing.  We can do these deals all day long, nationwide.  Let us help you sell your property fast with Temporary Seller Financing.

Residential . . . Commercial . . . Land

We can help you close them all!  Let's talk today!

Temporary Seller Financing is a win-win strategy for quickly selling a property for top dollar!  If you want to discuss a specific property and how this strategy can help you and your buyers, please call us to explore our service and possible next steps.  We solve problems.  We get deals done.  Call NOW!

If you or your business could benefit from immediate CASH,
contact our professional consultants Today!

FREE, No Obligation Consultation!

Contact us by phone at 207-272-0077