Paying Two Mortgages? Get Debt Relief Fast!

Debt Relief For Two Mortgage Payments

Paying two mortgages is no fun. For most of us one mortgage payment is a big enough challenge. The more payments you make, the more motivated you become to just get rid of the �problem mortgage�.

This Cash Creation strategy, called the Cash Relief strategy, can save you time and make you money. The first thing you do is take control of the situation.

Strengthen your position and increase the number of candidates available to purchase your house by offering your property with seller financing.

By doing that you create a larger market of buyers. Many of these buyers can�t get financing from anyone but home sellers like you. By using our "Cash Relief" Cash Creation strategy you make it easier for you and the buyer to get the deal closed.

For example this seller had bought a new home. Although they were able to delay the close on the new home until the old home was sold, it created a financial burden after four months they hadn't counted on. The down turn in the market created a glut of homes. Conventional lenders were much more difficult to work with than before, because borrowers found it much more difficult to qualify for a mortgage.

The property sellers needed:

Debt relief

A buyer that they could qualify to buy their property

A buyer with an acceptable down payment (10%-20%)

$50,000 in cash

A buyer that could afford the monthly payments with no problem

A buyer with a decent credit profile

The buyer has been on the job for less than two years, so they could not qualify with a conventional mortgage lender. As long as the buyer can make the payments and has an acceptable down payment, and credit profile, his time on the job is not a problem for you.

The buyers needed:

Someone to finance the purchase of their new home

A seller that would accept their 10% down payment

A seller that would provide some flexibility with their mortgage structure and options

HERE IS A SUMMARY OF THE DEAL.

The sale price of your property will be $200,000.00.

You will receive $20,000.00 from the property buyer as the down payment when escrow closes.

You will receive $30,000.00 from the sale part of the note when escrow closes.

The total cash you will receive immediately is $50,000.00.

You will receive 60 payments of $1,079.19 for a total of $64,751.40.

You will then receive the note back with a balance due of $104,924.39.

The total you will receive for your $200,000 property is $219,675.79.

As you can see, the sellers got the debt relief they needed and the buyers got exactly what they wanted. The real estate agent got a nice commission and my company was compensated for putting the deal together.

This is only one example of a debt relief solution. We can do something similar for you or someone you may know. Just submit a Seller-Profile for a preliminary needs assessment.

If you are a buyer that has been turned down by conventional lenders, but you have down payment money and the ability to pay a new mortgage, just complete a buyer-profile and submit it as soon as possible.

Finance Your Home! Our E-book, "How To Sell Your House FAST In Good Or Bad Markets" gives you very special insights into the world of promissory notes and the Time Value Of Money. It's priced at only $14.95 for a limited time. Be sure to add a copy to your home library. You will be glad you did. It is available in an easy download. Details are at the link above.

NO BANKS NEEDED WHEN YOU SELL OR BUY!!

This is only one example of a debt relief solution. Since each transaction is unique, just complete our Seller-Profile to get started on your solution.