///// What We Buy \\\\\
We ONLY purchase first position (or wrap around second position) owner or seller financed real estate secured contracts or notes on properties located in ARIZONA, COLORADO, IDAHO, MONTANA, NEW MEXICO, OREGON, TEXAS, UTAH, WASHINGTON, and WYOMING, although we will consider purchasing in other states ONLY if the current equity exceeds 25% — NO EXCEPTIONS! The ten states mentioned above are the geographical areas we know best and specialize in. The following is what we buy and this is our ONLY business.
We pay instant CASH for ANY type of real estate secured contract or note in FIRST LIEN position, or which completely WRAPS AROUND the first lien, (also known as an “All-Inclusive Deed of Trust” or “Wrap Around Mortgage”), which has a current MINIMUM of equity as stated below, payments are current, title is clear, buyer’s credit is acceptable, property is in good (or better) condition, and is secured by ANY of the following types of properties, subject to underwriting review:
- REHABBED Properties MUST have a MINIMUM of 12 months seasoning, (unless you, as the seller, occupied the subject property as your primary or secondary residence for at least one year prior to the sale, then the 12 months seasoning requirement does not apply)
- Single Family Detached Homes (MUST be Owner/Buyer Occupied, MINIMUM of 10% equity*)
- Single Family Detached Homes (NON-Owner/Buyer Occupied, MINIMUM of 15% equity*)
- Mobile Homes WITH Land (MUST be Owner/Buyer Occupied, MINIMUM of 20% equity*)
- Mobile Homes WITH Land (NON-Owner/Buyer Occupied, MINIMUM of 25% equity*)
- Duplexes, Triplexes, and Fourplexes (MINIMUM of 15% equity*)
- Apartment Complexes (MINIMUM of 20% equity*)
- Hotels and Motels (MINIMUM of 20% equity*)
- Farms and Ranches WITH Homes (MUST be Owner/Buyer Occupied, MINIMUM of 10% equity*)
- Single Unit Commercial Properties (except bars or gas stations, MINIMUM of 20% equity*)
- Multi Unit Commercial Properties (MINIMUM of 20% equity*)
- Mixed Use (Residential and Commercial) Properties (MINIMUM of 20% equity*)
- Commercial Land WITH Improvements (MUST have water, sewer, power, road, MINIMUM of 30% equity*)
- Residential Building Lot WITH Improvements (MUST be 20 acres or less, MUST have water/well, sewer/septic, power, road, MINIMUM of 20% equity*)
- Residential Building Lot WITHOUT Improvements (MUST be 20 acres or less, MINIMUM of 25% equity*)
- Recreational Land WITH Improvements (MUST be 40 acres or less, MUST have water/well, sewer/septic, power, road, MINIMUM of 30% equity*)
*To determine the current equity in the property, add the total of ALL the loans/liens against the property, (if you have an All-Inclusive Deed of Trust or a Wrap-Around Mortgage, use just the remaining unpaid principal balance of that loan/lien), and divide that figure by the current market value, then subtract that figure from 100. Example: Total of ALL Loans/Liens = $82,648; Current Market Value = $104,500; 82,648 ÷ 104,500 = .79; 100 - 79 = 21. For this example, there is currently 21% equity in this property provided the current market value is accurate.
PLEASE NOTE: If your property has less equity than stated above, we will not be able to make you an offer to purchase your entire remaining unpaid principal balance, but if you would consider a partial sale or a split-partial sale, we may be able to purchase a specified number of payments or a portion of each payment and/or part of the balloon payment (if applicable), or any variation, depending upon the terms and conditions of your transaction, so you can get the maximum amount of CASH you need NOW! ALL property types listed above MUST have had at least a MINIMUM of a 10% cash down payment paid at closing for us to consider any type of partial or split-partial purchase option.
We DO NOT purchase ANY of these types of contracts or notes secured by or being operated as ANY of the following types of properties:
- Bars or Taverns
- Churches
- Commercial Land WITHOUT Improvements
- Condominiums
- Contracts or Notes with NEGATIVE Amortization (or which Amortize for MORE than 30 years)
- Duplexes, Triplexes, or Fourplexes which were sold for LESS than $45,000
- Farms and Ranches WITHOUT Homes (or which are NON-Owner/Buyer Occupied)
- Gas Stations (or ANY other commercial property selling or storing diesel, gasoline, or oil)
- Industrial Properties (with ANY type of toxic chemical)
- Land ONLY Properties which were sold for LESS than $15,000
- Mobile Homes WITH Land which were sold for LESS than $35,000
- Mobile Homes WITHOUT Land
- Properties of any type which are in FAIR or POOR condition
- Properties of any type located in neighborhoods which are in FAIR or POOR condition
- Properties sold to non-U.S. Citizens (or any person WITHOUT a Social Security Number)
- Recreational Land WITHOUT Improvements or MORE than 40 acres
- Rowhouses
- Single Family Detached Homes which were sold for LESS than $40,000
- Townhouses
- Unimproved Raw Land MORE than 40 acres WITHOUT any Improvements
If you are ready to receive the absolute highest maximum lump sum in CASH from the sale of your real estate secured contract or note, or if you have any additional questions, please call us at your earliest convenience (between 9 AM and 6 PM Mountain Time) at 208-756-8890 to discuss your situation and specific needs, or complete our simple online Quote Request.
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