My name is Ilde Torres, I am not a Real Estate Agent but an Alternative Funding Connections Cash Flow Consultant and as such, I have access to a wide variety of private and institutional investors, nationwide, with unlimited funds! These investors aggressively purchase seller-financed mortgage notes right after they are created! This is known throughout the real estate industry as a Simultaneous Close.

With my knowledge, funding sources, and unique financing strategy, I can help you find more prospective buyers and can also help you close on your property faster than normal.

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. But 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 price, and still generate cash at closing!

Basically, you set the sales price (should be the appraised value), get a down payment, and creates a 1st Mortgage Note that my investors will purchase for up to 85% - 93% of face value (depending on LTV, credit of buyer, and rate / term of note), right after the closing! And I will be happy to help you and your buyer through the entire process.

(1) Advertise "Owner Will Finance with Low Down Payment. . . No Points! No Bank Qualifying!" (I can help with the exact wording for your specific property!) This will attract many more prospects than the traditional approach.

(2) Set the sale price equal to the appraised value (not a penny less! . . . even if this is higher than what you now have it listed for). At this point, seller pre-determines, based on their needs (I'll help!), 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% LTV First Mortgage Note ($90,000) @ 9.5% interest for 360 months. Monthly payment would be $756.77 (P+I). Remember, we are going to buy this note for approximately $81,108 (90 cents). Add the down payment and seller gets a total $91,108 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. You are offering the financing, which the buyer can not get elsewhere, so you are 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 six or eight 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) . . . I'll help!

4.) FAX me the completed Credit Application(s) + an Authorization To Release Credit we will review buyer's credit information; get them pre-approved; and help determine the best prospect 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.

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(s) sign a Real Estate Purchase Contract. Everyone agrees on the structure and terms of the note to be created and I provide seller with a contract to purchase that note at or right after the closing. We use your 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 mortgage note to our investor. The buyer's down payment plus the funds we wired are used to pay all closing costs. The seller collects the balance of the funds. The buyer will then start making his monthly payments directly to our investor. It's a done deal!

It is important to note that our investors are not "lenders" and can not 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 right after the initial closing.

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! You 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 paper work less hassle and we close much faster! Once the buyer is under contract, and we have the required paper work we can usually close and fund in 14 working days, or less! Not 30-60-90 days!

Lower closing costs! . . . No junk fees! . . . 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) + processing / legal fee ($200 - $300) charged by title company to create the required paperwork. And these fees can usually be split by the buyer and seller.

You get all 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!

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 please call me to explore our service and possible next steps. We solve problems! We get deals done! Call me anytime! Evenings and week-ends are OK!

To quicken the process you can fill out and submit the Online Application. We will contact you as soon as we receive the application. Thank you for your interest and consideration.

Ilde Torres
Certified Cash Flow Consultant
help@alternativefundingconnections.com