News and Tips on structured settlement transfers.

Cash

Notes


31
Dec 10

Selling Your Structured Settlement Online Now

You’ve got some kind of a structured settlement – maybe from a lawsuit, maybe from winning the lottery, maybe a note secured by a mortgage or a business.

But it’s just sitting there.  Your next payment could be months away.  You need cash now.  What can you do?

Thanks to sites like QMAP, you have access to a fast, easy online marketplace where you can shop your note or settlement to willing buyers to come up with the best deal for you.  So – what’s next?

Put out the details of your settlement arrangement, and what you want to sell.  You can sell all of the future payments if you want, or sell only a few of them.  It really depends on how much cash you need.  Using a site like QMAP, you can list the details and get offers from interested buyers.

Shop Around.  Like the song says, don’t be sold on the first offer.  Every buyer of structured settlements is different.  There are some firms who do a high volume of business and have well-known names in the business.  Others might be small or start-up businesses looking for a return on your structured settlement.  Some firms may start out with a low offer, only to come back with a higher one when you say no.  Remember that when you sell a structured settlement, you will receive less in a lump sum than you would have received altogether over time.  This is how companies make money – and how you get the cash you need right now.

Fees.  Buyers of structured settlements are in the business of making money on the difference between your total payments and the cash they pay you now.  But the buyers incur costs in doing so; they have overhead (office staff, communications expenses), legal fees, court fees, and the interest cost of getting access to the cash they will use to buy your note.  As a result, the deal you’re offered may include varying amounts of fees.  Each offer should be up front about the fees that will come out of your lump-sum settlement.

What’s the Money For?  Annuities, particularly those entered into as part of a personal-injury settlement, are intended to support the annuitant for a period of time.  The buyer of your settlement is looking to turn a profit, however, and is not concerned with why you want the money or how you plan to spend it, or how the loss of this annuity will affect your personal finances.  However, the court may have to review and approve the sale of your settlement, and will want a compelling reason for the sale of your settlement.  Don’t be vague.  If you want to sell, you should have a good reason to do so, such as a compelling financial emergency, college tuition, or a solid business or investment opportunity.  Be prepared to substantiate your reasoning.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


21
Dec 10

Selling a Business Note

If you owned a business and sold it, the purchaser may have given you some cash and a note for the balance.  If you’d rather not wait for payments and want to sell that note now, you can exchange some or all of the future payments in exchange for a lump sum up front.  Like a sale of a structured settlement or lottery award, you will receive less in total than you would have over time, but if you need cash right away, this may be a good option.

When considering what your business note might be worth, prospective buyers consider many factors, including the following:

Note Terms.  The longer the term of your note, the less it is likely to be worth to a purchaser; they don’t like to wait for their cash, either. Five years (60 months) appears to be a rule of thumb, investors don’t like to see longer terms than this.

Interest Rate.  Of course, prospective buyers stand to make more money on a note with a higher interest rate, and will pay more for it. 

Down Payment.  A larger down payment made when the buyer purchased your business indicates a stronger business and a more creditworthy note payor. 

Business Characteristics:  Is this business in a growing field?  How established is it?  How strong is its client base?  How have sales been lately?

Assets.  The business is the collateral for the note, but what does the business own?  Does it have strong financials, a good cash balance, and valuable underlying assets? 

Liabilities.  The prospective buyer is certain to check for other potential claims against the business, such as loans, lawsuits, or tax liens. 

Seasoning.  Investors often like to see that one or two payments have already been made against the note; this is referred to as “seasoning.”  A successful payment history suggests that default is less likely in the future. 

Should you enter into an agreement to sell your note, you’ll need to assemble documents for the buyer. 

Notes and Contracts:  You’ll need the actual promissory note you received, and the contract for the sale of the business. 

Security Agreement:  This is the contract that demonstrates your interest in the business itself if the payments aren’t made on the note – in other words, it proves your collateral.

Proof of payments made on the note to date.

Financial statements and/or tax returns for the business.

This is a short list, of course, and you may be asked for much more.  Bottom line is, the prospective buyer will want lots of assurance as to the strength of the note.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Get Multiple Cash Offers for your Mortgage Note

QMAP is a marketplace connecting top rated national buyers of mortgage notes, and consumers with seller-held mortgages / carry back mortgages. Mortgage note buyers will offer cash for your trust deeds, notes, and hard money mortgages. Our mortgage note buyers have been buying seller held notes for decades. Most note buyers on QMAP are also licensed mortgage brokers, who understand the industry and can walk you through the process of selling your note.

If you’re considering selling to a mortgage note buyer and would like a lump sum of cash now, QMAP can help! How much cash can you expect to get from selling your note? The amount of cash you’ll be offered is directly related to how long note buyers / investors must wait for the remainder of the payments. The length of the remaining term makes it vulnerable to inflation and the risk of default. The property condition, and note status is also taken into consideration when investors give lump sum quotes. Most importantly is the current loan to value ratio. LTV. This ratio must generally be in the 75% range for investors to be interested in purchasing your mortgage note. The various risks associated with buying a mortgage note is subjective, leaving the option open of getting a wide range of cash quotes from buyers. QMAP connects you to the nations top note buyers, increasing your ability to get the maximum amount of cash back for your note.

Why do people consider selling a mortgage note? There are a variety of reasons people consider selling their payments for cash, including, retirement, tax reasons, to persue other Investment opportunities, college tuition, or any unexpected financial change. The bottom line is that if you are looking to possibly sell your mortgage note, you must shop your note with a variety of note buyers to ensure that you get top dollar for your not. Simply set up an account, list details of your note, and top rated note buyers will make no obligation cash offer into your account inbox. Get Quotes!

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Getting Cash for your Mortgage Note

Getting cash back requires that you are serious about finding ways to get it back so if your are serious about getting a handsome payment and you are looking for a Mortgage Note Buyer, then we will put you in the right place. We will offer you the best deal we can find for you because we think that you deserve a better deal. We will find companies that will look at what you are offering and offer you an amount that is ideal for your situation. Once you have come to us you will be able to get a better deal than you were looking to get.

We know about most of the companies that will want to buy your Mortgage Note Buyer and for that reason we will offer you a service that will enable you to have a comparison for you to come to your decision. So if you feel your situation needs to be looked at by someone who will have your situation in mind then look no further than us because we will offer you an impeccable service. If you have some quotes that you have already collected then just fill in our form and we will see if we have them on our database.

We have such a large selection of companies that are the ideal Mortgage Note Buyer for you so if you need to get the most of your situation and get your cash back soon enough then you should contact us and we will offer you the best service that you can expect. Our personnel will answer any questions that you may have and you will be given all the information that you may need to make the decision. So if you have a situation and you are looking for a Mortgage Note Buyer who will give you the most amounts then we will collect the quotes for you so look no further.

If you have searched and all you have gotten is very little than you should come to us and we will make your situation better than you expect. We are in contact with companies that have different situations and they may just offer you the most. Because we do the shopping for you for the best deal all you have to do is collect your cash. We know abut which companies will be ideal to be the best Mortgage Note Buyer for your situation so we collect quotes from companies that we know will offer you something that is within the range of what your should be getting.

Whether your situation seems to be very rare or not just try us and you will be soon find the perfect Mortgage Note Buyer for your situation so with us you will get the best. Finding the ideal place that will offer you more than you expect is very satisfying and we make sure that you make a transaction that is will make both parties happy and you will have gotten the cash that you should. So if you need to trust someone who will look to your best interest then look no further because we do that and more.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.

Let Companies Compete to Buy your Structured Settlement!

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