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Owner Financed Mortgage
TYS
Variety Investments, LLC is a national leader in the purchase of Owner
Financed Morgage Notes, Deeds of Trust, and Land Contracts.
Owner-Financed Mortgages, also sometimes known as seller-carry
back
mortgages, are created when a seller of a home decides to carry a note
from the purchaser of his or her home.
This is usually done when the property is difficult to sell or when the
buyer cannot obtain traditional financing from a bank. This usually happens
because the buyer has bad credit or too much debt or maybe even
because the property is in a rural location with a lot of land (banks
typically do not like to lend on these types of properties).
MORTGAGE NOTE PURCHASE
OPTIONS
Full
Purchase - The purchase of a Mortgage Note in its entirety
Partial Purchase - The purchase of a specified number of future
payments
Split Payment Purchase - The purchase of a specified monthly amount
Your
Options Are Unlimited
We purchase Mortgage Notes, Deeds of Trust, and Land Contracts in all
States except Nebraska. We also purchase notes on the following property
types.
WE PURCHASE MORTGAGES ON THE FOLLOWING PROPERTY TYPES
Single Family Residences
Multi-Family Units
Mobile Homes
Condominiums / Townhomes
Land (improved and unimproved)
Commercial Properties
Please call today and speak to one of our customer service representatives
to receive a free quote or you may Click
here to print, fax or mail your quote request.
There are literally billions of dollars of owner-financed mortgages in
circulation at any given time. Owner financing has been in existence for
decades and is becoming more and more common today because of the
growing numbers of individuals who fail to qualify for a traditional loan
from a bank or mortgage company. Also, banks are becoming more
conservative in their lending practices.
These factors prevent millions of families from being able to obtain home
loans, thus reducing the number of potential home buyers. With this in
mind, home sellers sometimes choose to offer owner financing in order
to
sell their homes faster. They usually request a small down payment
(generally 5% to 10%) and demand higher than market rates of interest.
As
is generally the case, immediately after the home is sold the seller is
satisfied because he or she has sold his or her property and is receiving
a
good return on his or her investment. As time passes, the note holder
might
decide that having a lump sum of cash now would be better than waiting
years
to collect the balance, usually one month at a time.
Would you like to have a lump sum of Cash Now instead of waiting years
to
collect the money that is owed to you? Perhaps you might use the money
for an
investment opportunity, to consolidate bills, to send a child to college,
or even to
purchase a new car. The choice is yours!
Did
you know that you can sell a portion of your payments as opposed to liquidating
the entire note? Inquire about our Partial Purchase Program and
find out how you can receive a lump sum of cash now for a predetermined
number of future mortgage payments.
There are many good reasons to sell a mortgage note, and one great reason
for selling to TYS Variety Investments, LLC: we pride ourselves in a professional
manner and have the ability to fund your deal quickly.
Please call today 1(866)827-3230 for a free no-obligation evaluation
of your current note. We guarantee you will be glad you chose to do business
with the Industry Leader. Remember:
"A dollar today is worth more than a dollar tomorrow"
Please
Note: Land
contract, contract for deed, deed of trust, trust deed, and promissory
note are other names given to mortgages. We purchase all of them.
©
COPYRIGHT 2007-2008 ALL RIGHTS RESERVED TYSVARIETY.COM
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