for sale by owner

With my knowledge and funding sources, I can help you find more prospective buyers and also can help you close on your property faster than any traditional source!

It's a fact that owner financing sell properties fast...especially when properties or prospective buyers do not meet the requirements of traditional lending/mortgage companies. But the problem with this approach is that the seller does not want to collect monthly payments on the sell of the property. The seller wants to cash out at closing...to cover all closing cost, to purchase another property, to pay off existing mortgage, or for any other reason. The seller needs cash.

With Crown Capital Funding you now have access to unlimited funds. Our Temporary Seller Financing strategy is a good way to sell your property and still generate cash at closing!

The seller sets the sales price (which should be the appraised value). Next...get a down payment and create a 1st mortgage note that my investors will purchase for up to 85%-95% of face value (depending on LTV, credit of buyer and rate/term of note) at or right after the closing!

2. Set the sales price equal to the appraised value. Sales price should not be a penny less...even if this is higher than what you now have it listed for. At this point, seller pre-determines (based on their needs), the seller-financed deal that will be offered. That entails the sales price, down payment, 1st mortgage note seller will create, and terms.

EXAMPLE: Sales price (appraised value)=$100,000. The deal might be offered: 10% down ($10,000) and a 90% first mortgage note ($90,000) @ 10% interest for 360 months. Monthly payment would be $789.81 (P+I).

At this time onward, there's little or no negotiation with any prospective buyer. You are offering financing at which the buyer can't get anywhere else, so you are in control. Remember...this may be the only way the buyer can purchase a home, so they too appreciate this strategy and are eager and willing to cooperate.

3. Receive/screen calls from the ad...show the property to three or four prospective buyers...position the seller-financed deal that is being offered...get the interested buyer to complete a 1003 credit application and an authorizationt to release credit information (standard form). Call us for the forms.

4. Fax me the complete credit application(s) plus an authorization to release credit form. We will review buyer's credit information, get them pre-approved and help determine the best prospect to sell to. Our investors are much more linient reguarding credit issues than traditionals sources and with a 575+ FICO score we can get most people approved immediately.

At this point, with the buyer's financial information and the structure and terms of the note, we can determine the exact value of the note and make a firm purchase offer.

5. When seller and buyer agrees on the structure and terms of the note to be created...both parties will sign a real estate purchase contract. We will provide the seller with a contract to purchase that note at, or right after closing. We use your choice of any title company or closing agent and from there they take over. We work with them to create and collect all the required documents and set closing date.

6. At closing, sellers creates a note and at the same time sells the note to one of many of our investors. The down payment from the buyer along with the funds that will be wired are used to pay all closing cost. The seller collects the balance of the funds. The buyer starts making their payments to the investor. The deal is done!

*Our investors only purchase existing mortgage notes and that's why the seller should use temporary seller financing to first create the note, then sell the note to our investors. This is all done, simultaneously, at the closing table.

The seller receives top price/appraised value. The small discount on the note that is sold is often alot less than the price reduction and other concessions that sellers much of the time have to provide to buyers in order to get the done.

This is a flexible approach...you can create and structure a note in different ways to meet varying buyers and sellers needs. Most sellers will like to get their cash out right away...there's accommodations for this. It's called a partial purchase, where the seller gets cash now and the rest at some point in the future...which often provides the best overall return to the seller.

Less hassle...hardly no negotiating...close alot faster! Once the buyer is under contract and all the required paper work is in our possession, closing and funding takes place in 14 working days or less! Not 30, 60, 90 days.

Lower closing cost!...no loan origination fees!...no junk fees!...no points! other than the realtor commission (if any). The primary closing costs are simply the normal cost of an appraisal ($300-$400) and title work (+/- $1000) + processing/legal fee($200-$300) charged by title company to create the required paperwork. Fees can usually be split by buyer and seller.

At Crown Capital Funding you get all that is mentioned above, on a deal that could not be done with traditional financing. We can do these deals nationwide and would like to help you sell your property fast with TSF/Temporary Seller Financing!


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