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If you
have a note
to sell,
then I need
to know;
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What the property sold for
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How much cash the buyer paid down
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What is the current balance due on the note
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What are the monthly payments, interest rate, and due date on the note (balloon payment, if any)
With the above information I can tell you how much your note is worth to me.
If the amount I quote you feels right to you then I'll need;
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a copy of your original note
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a copy of the recorded deed of trust or mortgage
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a copy of the policy of title insurance issued at the time the deed of trust or mortgage was originated.
These documents can be mailed to me @ 1380 Broad Street, San Luis Obispo, CA 93401 or they may be faxed to me @ (805)543-9113 or email them to bill@arnettbroadbent.com
I will then send you a purchase agreement. When I receive it back signed, I will begin the due diligence (verification, at my expense) that is a necessary prerequisite to completing a transaction with you.
If you have questions, feel free to call Bill @ 800-366-6037.
We try to accommodate to your specific needs. We offer different options in the way of purchasing your note. The following are examples of some options we have utilized:
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Full Purchase - Purchase of all remaining payments. This provides the most cash to you and eliminates the worries regarding the property or the borrower.
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Partial Purchase - This option provides you with some immediate cash now, gives you a residual income stream in the future. We will purchase a certain number of payments, after we receive the last payment purchased, you get your note back and continue to receive the remaining payments.
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Split Purchase - A split purchase is where we buy a portion of each regular payment for a certain amount of years, receives cash now for another purpose or investment.
Bill Broadbent, S.E.C.-CCIM
Arnett & Broadbent Inc.
1380 Broad St., San Luis Obispo, CA 93401-3910
(800) 366-6037
e-mail to
bill@arnettbroadbent.com
Copyright © 2002 Arnett & Broadbent, Inc. All rights
reserved.
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