If there's still a long term on the mortgage and you need the current income, sometimes it is possible to sell the back end, say the last 5-10 years of the remaining 15. Every note is different, so let's discuss your needs. Business notes are similar to mortgages, except that there is not normally as solid collateral. In most cases business note buyers will want the new owner to demonstrate an ability to make a profit, and financial data from before and after the sale is important. In a structured settlement, an injured party accepts a settlement in a lawsuit that is paid over a period of time.
Payments can be monthly, annual, or even every few years.
When such a person needs cash, there is no way to get the insurance company making the payments to provide immediate cash, and, in fact, insurance companies have gone to great efforts to prevent sale of these payments. Under the mantle of consumer protection, several states have passed legislation regulating the sale of these payments. Our funders have attorneys who are well-versed in the laws of your state, and we'll get your deal done if it can be done. There are fewer than a dozen real settlement purchasers in the United States. I recently found out that one I thought was a purchaser is actually a broker, so reduce the count by that one, maybe more.