The buyer and seller close on the property, as usual. The note, created at property closing, is then liquidated through the funder for the previously agreed upon price, and The seller receives his lump sum of cash, typically right at the property closing table. The seller receives the cash he needs today to put kids through college, pay off outstanding debts, buy a new home or car, take a vacation, pay off medical bills, settle a divorce or for whatever else a lump sum of cash may be needed. It is not necessary to liquidate all of the remaining payments from the note. Perhaps the seller would prefer to start receiving the income stream again after a couple of years or he may need to continue receiving part of it every month now.
Many options are available to accommodate the seller's needs.
Selling the entire note will free the seller from concerns about collecting monthly payments and record keeping. He will have the cash in hand up front. Even if the seller has not closed on the property sale yet, we can still help. Show us what the note will be at closing and we can tell him what value it will have after closing. This is called a Simultaneous Closing .