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Whether you are a first-time note seller or a long-time investor, rest assured, an experienced mobile home note buyer, American Contract Buyers, LLC will handle your transaction in a fast, friendly and professional manner. We are dedicated to providing you with the highest possible lump sum cash payout for your note as well as providing you with the fastest, hassle free funding experience possible.
The purchase process:
1. Submit the particulars of your note online in our request a quote section or give us a call toll free at 1-866-780-2274. A friendly mobile home note buyer will take your information and honestly answer any questions you may have regarding the sale of your note.
2. We will then evaluate the information provided taking into consideration the purchaser's equity, payment history, term of the note, interest rate, current balance on the note, as well as the credit rating of the buyer. We do this, so we may provide you with the highest possible price for your note.
3. Upon acceptance of our price we will send you a purchase contract as well as a checklist of documents we will need to complete and fund your transaction. You will then need to either fax or overnight mail to us copies of the documents we have requested.
4. After we review the documents we will order a title update and an appraisal of the property.
5. After review of the title and appraisal we will have the closing documents prepared. Once prepared, the documents will be sent to you for review. You will review, sign and return the documents to the closing agent. After the documents are received and recorded the transaction will be funded, usually the following day and a trust account or cashiers check will be express mailed to you or wired directly to your account, if you prefer.
Flexible Purchase Options
So we may better serve the financial needs of our clients we offer a wide array of flexible purchase options, you are encouraged to review the many options available to you by clicking the preceding link.
These days many property owners are electing to provide financing to new buyers when they sell their home or investment properties. Often referred to as seller financing, owner assisted financing, or owner carry back financing, this method of private financing is often desirable for many reasons including:
- More qualified buyers
- Quick sale of the property
- Less hassle than more conventional financing
- Additional monthly income these cash flow notes may provide
These real estate notes are known by various names such as, privately held mortgages, contracts for deeds, deeds of trust, land sale contracts, real estate contracts, trust indentures, trust deeds and promissory notes, depending on what state or region of the country the original sale took place in. These debt instruments provide the holders of these real estate cash flow notes with income over the long-term. However, many times a noteholder's circumstances may change. Making the option of large lump sum payment now more appealing and useful than the smaller monthly payments for a variety of reasons including:
- Taxes
- Retirement needs
- Investment Opportunities
- Vacation or college tuition
- Unexpected financial changes
- or simply being free from the worry of late payments or the possibility of having to foreclose on the buyer
- and the list goes on...
Selling a note for the first time but don't know where to start? American Contract Buyers staff is happy to assist, we will walk you through the entire purchase process and honestly answer any concerns you may have.
A top mobile home note buyer, we have the expertise and the know-how to get your note purchase accomplished in a fast, efficient and professional manner. We have been investing in real estate for over forty years and have been buying real estate notes, since 1980. Because we are private investors, we understand the bottom line and take pride in providing some of the highest pay prices in the industry as well as providing you with a fast, hassle free closing experience.
Fast, Hassle Free Closings
We are dedicated to helping note and contract holders, convert their payment streams into large lump sums of "cash in the bank" as quickly as possible. Call us, an experienced mobile home note buyer, we will quickly provide you with the highest possible quote on your privately held mortgage, nobody pays more!
To receive a free quote on your note, click here.
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