Attention!  Individuals holding promissory notes or other evidence of debt or obligation secured by mortgages, deeds of trust, real estate contracts, installment contracts, chattel mortgages, or other (“Security Instruments”)

You May Want To Read This!

I'll come right to the point!  I want to cash you out in full for what you're owed? Did you know you could sell your note for cash?  Okay, let me just briefly explain to you how this process works and how we determine the cash value of your note.

We analyze monthly payments and calculate the value of each payment into the future.  In other words, 'dollars today'  will buy more than 'dollars in the future.'  I think we all  would agree on that.  If it's ok with you, I would like to give you a couple of examples about what I'm talking about.

Looking back 25 to 30 years ago, we could go to the movies for what,  about $.50, right?  And gasoline was about $.65 a gallon? Now look at what we pay!  This is what I mean when I say dollars today are worth more than dollars in the future. So we have to factor that into the price one would offer in any case.

I have another example: Suppose I have $10 in my left hand and $5 in my right: which one do you want? Of course you want the $10 in my left hand.   But now, let's add this to the equation: you have to wait (the remaining number of monthly payments due on that note; say 96), or, 8 years to get the $10 in my left hand, or... you can have the $5 that's in my right hand now...today!   Which one would you rather have? Of course the $5 now, right?  We're all on the same page now, and that's great!

 Now, there are two ways you can sell a note. The first way you can sell a note is through a partial sale of your note which is the most profitable way for you:  You can sell a portion of the remaining payments on the note.  For example, you sell me the next 60 of your 96 remaining monthly payments you are owed.  At the end of the 60 months, the note payments revert back to you, and you would receive the remaining 36 payments.   At that time, the balance will still be $_________well, whatever it is; point is...you'd still have that coming to you.  So, you are getting a lump sum of cash now and you still have $________ coming to you in 5 years.   With this option you are still in the deal.   If the Payor doesn't pay, I'm going to have to come back to you and say however, "Bob, I gave you all that money, so you need to keep me whole by keeping those payments current.  They sound as if they are good Payors from your description, so I'm sure there shouldn't be any problems.

Cash Out Now!

The Second option, and my personal favorite, is to cash you out in full; so, if the Payors don't pay or the property burns down or blows away, you don't care because you are out of the deal, which is great for you because I've paid you for the full, (entire) note.

Which of these options is best for you, honestly? 

Next, I want you to understand how the papers are actually transferred and how you are guaranteed to get paid.

Now that you've accepted my offer on the sale of your note,  I will fax you the 'Commitment Letter,'  which states my obligation to you; along with a list of copied documents I'll need from you, that can be faxed to me: Attn: DP_Blackwell, at: (301) 925.9321; which is a secure and confidential venue.

Once I receive, and fully review,  all necessary signed and dated documents back from you, then,  I'll deposit a check for the amount of the documented agreed upon (purchase price) of $__________ (whatever that amount is),  into an escrow account at a title or escrow company of your choice: They'll close the transaction and make sure you get the right amount of money and that I get the right paper work, that way you are 100% guaranteed to get paid.  Sounds pretty good, doesn't it?

Would you like me to send you this information package today?  You could receive it right away by fax; again, which for me serves as a documental secured portal.  After you receive your fax, we'll need to touch bases to be sure you have everything the packet should contain.  After you've studied and completed your documents, and before  you send them back to me, we'll need to touch bases again; for a short Q&A session, to answer any questions you might have.

(For your consideration and perusal, viable documents used to fully facilitate these transactions are listed below)

a) /Documents/Note Analysis Worksheet.doc <- Pertinent questions regarding your note, mortgage, deed...etc.

c) /Documents/Required Documents.doc <- Required: Copies of all documentation requested on this list.