Who pays the closing costs?Do you lend money?Do you have a minimum or a maximum limit to the size of the notes you will purchase?How long does it take to get my money?Why does it take two-three weeks to close?How do I get my money?Who pays the closing costs?
We will typically pay all closing cost and related fee's.
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Do you lend money?
No, we do not lend money. We only purchase receivables secured by real estate, business notes, investment annuities, structured insurance settlements & lottery winnings.
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Do you have a minimum or a maximum limit to the size of the notes you will purchase?
Yes, we have a minimum purchase amount of $35,000 and will consider notes in the multi-million range.
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How long does it take to get my money?
As a general rule it takes two-three weeks to close on a real estate note, from the time we receive all the required documentation. Annuities and structured settlements usually require a court appearance for reassignment and take on average 4-12 weeks.
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Why does it take two-three weeks to close?
The reason it usually takes two-three weeks to close is that we must order updated title reports on the property, review and ensure the documents are in order and set up escrow. Additionally, we must order a drive by appraisal of the subject property, which in many cases is the item that takes the most time to schedule and have completed.
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How do I get my money?
Before the close of escrow we will place a cashiers check in a trust account with the closing agent/title company. At the end of closing the title company will express mail the cashiers check to you or wire the funds directly to your account.
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