We buy seller financed notes at the closing table and help property owners and realtors do real estate simultaneous closingSimultaneousClosing.com - The Simultaneous closing place on the webWe buy seller financed notes at the closing table and help property owners and realtors do real estate simultaneous closing

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Click here to request a free quote for your real estate simultaneous closing deal

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FAQ ( Frequently Asked Questions )

To find out how the current real estate market situation is affecting simultaneous closings, click here.

What is Simultaneous Closing ?

Do you do Simultaneous Closings nationwide ?

How much should I expect for my note ?

How long does it take to close?

How do I receive my money?

How long does it take to get my money?

Who pays the closing costs?

Is there a maximum or minimum size note that you buy?

Is Simultaneous Closing for everybody ?

Who benefits the most from simultaneous closing ?

Do you lend money?

Do you charge for providing a quote ?

I知 concerned about confidentiality, what shall I do ?

Do you buy bank portfolios ?

How can I make sure that I知 getting a fair price for my note?

What is a wraparound mortgage and can I use it to sell property?

Do you buy Business Notes ?

Do you buy REOs ?

Do you buy Mortgage Notes ?

What if I need a little more background in selling my house using simultaneous closings?

 

 

What is Simultaneous Closing ?

 

In a nutshell, it is a technique where a property owner sells his/her property on seller financing to a buyer, while selling the brand new mortgage note to an investor like us. To get more details and review an example, please visit this page.

 

 

Do you do Simultaneous Closings nationwide ?

 

Yes, in all 50 states.

 

 

How much should I expect for my note ?

 

There are many variables that we consider before giving you a quote. Everything else being equal, the credit of the buyer (payer) is critical to determine how much we offer for the simultaneous closing note. For other factors that affect the value of notes in general, please visit our notesbuyers.com website here. You can also email us, give us a call or fill out the quote request form. You will get our best quote.

 

 

How long does it take to close?

 

For a Simultaneous Closing, there are two simultaneous transactions happening. The real estate transaction between the seller and the buyer is beyond our control. The note purchase transaction generally takes 2-3 weeks to close from the time we receive all the required documents.

 

 

How do I receive my money?

 

Upon closing, money is usually wired directly to the escrow company/title agency for disbursement.

 

 

How long does it take to get my money?

 

Your money will be sent upon closing or shortly after. Remember that it generally takes 2-3 weeks to close the note purchase.

 

 

Who pays the closing costs?

 

In a Simultaneous Closing deal, the closing costs are associated with the real estate transaction and are usually paid by the property seller.

 

 

Is there a maximum or minimum size note that you buy?

 

There is no maximum. In the current market situation, we prefer that the note be a minimum of $50,000.

 

 

Is Simultaneous Closing for everybody ?

 

If there are plenty of potential qualified buyers for your property and there is enough time for a regular mortgage application process through a financial institution, then that would be your best option. If, on the other hand, buyers don't seem to line up at your door and you want to cash out on your property quickly, Simultaneous Closing is one of the best options.

First of all, a seller financing ad in the paper will attract more buyers.

Second, we are more flexible qualifying applicants than financial institutions.

Third, you can get cash in 2-3 weeks.

 

 

Who benefits the most from simultaneous closing ?

 

Property owners that have unsuccessfully tried to sell their properties for a while.

Properties with odd shapes, non-conforming lots that don't generate much interest.

Property owners that want to get cash quickly.

Deals that have been turned down at the last minute by financial institutions and are just waiting for financing to come through.

If you are in one of these categories, you need to talk to us. Email us, give us a call or fill out the quote request form.

 

 

Do you lend money?

 

No, we do not lend money. We purchase already existing notes secured by real estate.

 

 

Do you charge for providing a quote ?

 

Providing a quote is completely free. You can call us anytime toll-free at 1-856-751-8254, contact us or fill out the online quote request form.

 

 

I知 concerned about confidentiality, what shall I do ?

 

You should always be concerned about confidentiality. Your private financial information should be kept private.

We do business with large financial institutions and organizations that entrust us with very delicate information. Please read our Privacy Policy.

 

 

Do you buy bank portfolios ?

 

We buy portfolios of notes from large financial institutions, performing and non-performing. However, in the current market conditions, non-performing portfolios are almost worthless.

 

 

How can I make sure that I知 getting a fair price for my note?

 

Unlike the primary mortgage market (mortgage companies and banks) where you know exactly the interest rate and costs involved, the secondary market (that痴 us) sets the offers based on a different set of rules.

Due to the high risk involved with these transactions, there is always a discount on the face value of the mortgage. The size of the discount will depend on a variety of factors, most of whom are described here.  Rest assured that we will make the best offer we can give you.

 

What is a wraparound mortgage and can I use it to sell property?

 

If the property seller still owes money on the home, a wraparound mortgage is a way to finance the purchase without going through a lender.

In a wraparound mortgage, the buyer pays the seller the monthly payment on his existing mortgage, plus an additional payment to cover the balance of the buyer's purchase price for the home.

Some lenders don't allow their mortgages to be wrapped.

In a Simultaneous Closing transaction, a wraparound can be created and sold for cash to a note buyer on closing. This would allow the underlying mortgage balance to be paid off.
 

 

Do you buy Business Notes ?

 

At this time we do not buy business notes.

 

 

Do you buy REOs ?

 

Although it痴 not our main line of business, we occasionally purchase REOs. We look for high value properties and portfolios.

 

 

Do you buy Mortgage Notes ?

 

Yes. We actively buy existing mortgage notes. Please visit our website NotesBuyers.com to get more information.

 

 

What if I need a little more background in selling my house using simultaneous closings?

 

If after browsing this website and requesting to obtain your free Report, you feel that you still need more background information in selling your house using simultaneous closings, you have the option to purchase our e-book 'Simultaneous Closings Revealed'. It will guide you through this process, step by step, advising you on how to maximize your profit while minimizing your risks.

 

 

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