Seller Financing – 8 Types of Seller Financing

Seller financing is extremely powerful because the buyer and the seller have control over all the terms of the transaction. That means that there are virtually unlimited applications for seller financing. However, all of the options for seller financing fall into just a 2 major categories: financing after the closing and financing before the closing.

The following 4 types of financing occur after the closing:

1. Free and Clear Financing – When a seller owns a property “free and clear” there are no liens or encumbrances on the property. In this situation the seller and the buyer are free to make any terms they want to in order to make a deal successful.

2. Equity Only Financing – This type of financing means that the seller only finances their equity in a property. The buyer is responsible for getting new financing to pay-off all of the seller’s encumbrances and liens. The seller is then free to finance the equity in the property.

3.Wrap Financing - This is also known as “subject to” or “blanket” financing. In this situation the buyer takes the property “subject to” the existing mortgage. The buyer is responsible for making mortgage payments to the seller and the seller is responsible for making mortgage payments to the original lender.

4.Combo Seller Financing - This type of financing is a combination of the financing options #2 & #3. The buyer can “wrap” the underlying mortgage and finance the seller’s equity.

The next 4 types of seller financing occur before the closing:

5.Purchase Option – Any time the buyer gives money to the seller (option payment) for the right to purchase the property at a given price (option price) and within a given timeframe (option period) the buyer has a “purchase option”. This is a form of seller financing because the seller still is responsible for the property and any payments until the buyer purchases the property (exercises their option to purchase) or the option expires.

6.Extended Closing – An extended closing is similar to a purchase option except that the extended closing is done with a Real Estate Purchase Contract (REPC). In the extended close the closing deadline is extended or put into the future significantly further than a typical real estate purchase.

7.Open-ended Closing -The open-ended close is also done with the REPC except the closing deadline is tied to a future event (such as the completion of an addition or remodel). The closing only occurs after the future event has occurred or has been completed.

8.Seller Partnerships - In this situation the seller may sell the property or may retain ownership. In either case, the seller contributes the property (and possibly some capital) as their contribution. The buyer would contribute the work and knowledge (and possibly some capital) to create or enhance the property value. The property would then be refinanced by the buyer or sold to a third party. The seller would get his equity and capital contribution plus an agreed partnership split of the additional profits on the transaction.

The great thing about these 8 types of seller financing is that every option can be used to benefit both the buyer and the seller. Using these seller financing options a seller can actually get a buyer to come in and improve their property, do all the fix-up and repair work at the buyer’s expense, and the buyer is excited about doing the work! I’ll explain how this can be in my next article…

Are you aware that New Jersey motorists could get FREE automobile insurance quotes?

Looking for affordable coverage, newjerseycarinsurancequotes.net website, the death- benefit scheme is slightly simpler. In every of those cases the payment of death benefits depends again around the deceased’s being part of a family group and being survived by one or more other person in that household.

Cheap New Jersey Car InsuranceOn the death from the head with the household an accumulation $10,000 is payable plus, when there are two or even more survivors (spouse or depend ants), one more $1,000 pays with respect of each and every survivor apart from the first. The death of the spouse with the head from the household yields $10,000, as well as the death of the dependent yields $2,???.

In http://www.newjerseycarinsurancequotes.net, if the head of your folks are killed, $5,000 is payable and then there is a surviving spouse or dependent and, if there are other survivors, an additional $1,000 pays for every surviving dependent following your first. When the spouse with the head with the household dies, the total amount payable is $2,500 plus $1,000 each for any additional dependents.

When both the head with the household and his or her spouse are killed in the one accident $7,500 is payable to surviving dependents plus $1,000 to every such survivor other than the very first. About the death of your dependent child, the mother and father share $500 for a child up to 5 years of aging, or $1,000 if the child is from five to nine years of age, $1,500 for a youngster from 10 to 18 years, or $1,000 to get a dependent child 19 years or older. Compare rates now with Newjerseycarinsurancequotes.net!

In new jerseyinsurancenj Area, $10,000 is payable with a surviving wife or even a surviving husband. If neither exists then your amount is payable to dependent children or, in case there are no children, dependent parents with the deceased. The person receiving payments based on these criteria is a primary dependent. An accumulation $2,000 is payable to some secondary dependent – a dependent child or perhaps a dependent parent of the insured would you not qualify as a principal dependent (as there is a surviving spouse).

When no person qualifies to get a benefit under any of the above, there is certainly provision for payment of $4,000 (total) to make to children of the deceased (over 18 years of age) who do not qualify as primary or secondary dependents, and certain other relatives of the deceased who had been, in reality, wholly or partially dependent on her. In which the deceased was a child and no other benefits are payable with respect to her death, $2,000 will be paid to her parents. How much do you know about NJ?

Auto Insurance in – Risk Concepts

Risk and uncertainty are just as prevalent with cheap auto insurance north carolina
 than auto insurance overseas.  The viability of overseas projects and corporate branch operations in nations where indications of instability are apparent has ushered inside a relatively new class of risk–the political risk. Political risk continues to be defined as the prospect of loss resulting from arbitrary and capricious policies instituted by a government against foreign companies. Overseas financial exposures connect with contract repudiation, the wrongful calling of guarantees, license cancellation and currency incontrovertibly, as well as expropriation, confiscation, or nationalization. Find north carolina car insurance at northcarolinacarinsurancequotes.net.

While the terms risk and hazards are also frequently used synonymously, they’re distinguished because hazards make reference to the factors which contribute to the possibility of a loss, and perils relate to the events that create a loss.Thus, hazard is really a factor that might often boost the chance of a loss of revenue through a peril. Perils cause certainty which creates risk with respect to the chance of a loss of revenue.

RISK CONCEPTS
Risk and uncertainty, which permeate the entire economic, social, political, and biological fabric of mankind, are typical to all economic, social and political organizations. They connect with possession, acquisitions, technology, employment, leisure, health, and life itself – to the people, business firms, and other organizations and also to society in general.

The best reason for any attempt by an individual to understand the nature and significance of risk is that such understanding enables you to avoid or reduce loss. Accordingly, the treatment of risk may be the objective of all study from the subject. An understanding of the nature and significance of risk is a requisite for increasing the amount and efficacy from the methods for treating it.

Numerous diverse concepts of risk and uncertainty have been developed by economists, insurance theorists, and writers in other disciplines, and the meanings of the term tend to be peculiar to the particular discipline. This is used in physics, for instance, may differ from that utilized in insurance and statistics. Nevertheless, there has emerged a body of generally accepted concepts used by many insurance theorists in risk perception and analysis. For making distinctions, a dichotomy between risk embodying only possible loss or no loss and risk embodying a potential gain or loss have been established. This dichotomy has resulted in studies of pure and speculative risks.

Horizon Cash Advance Provides You With Funds Advance Products Nationally

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Considerations For a Car Purchase and Finance

There are many things to consider in your purchase of a motor vehicle. There are many choices and it can be confusing to which vehicle to choose. Once you have decided on a car then to what price and possible trade in price to be negotiated. With most car purchases financed, it is also important to remember everything when going through comparing car finance packages.

Australian car loans can vary because of many factors. Car Finance direct from a bank is quite often not the cheapest solution.

When time to purchase a new car, the next question is usually how you are going to pay for it rather than which car you are going to buy.

Financing your next car is a very important process, as you want to choose a finance package most suitable to you. There can be many things to check including car loan interest rates, fees and charges, break fees if you paid it out earlier or if you can pay extra payments.

Remember to consider the time it will take to approve and settle your car loan. Does the car finance company suit your criteria to approve the finance?

You can have unsecured or secured car finance, which can be very different costs on your loan.It can be a requirement of the car finance company to have fully comprehensive on your car before and while you pay off your car loan.

Finance companies can assist to ensure you have a hassle free car purchase and help with additional resources like encumbrance checks to ensure that there are not any outstanding loans from the prior owner left against the motor vehicle. They could have available title checks to confirm the ownership of the car you are purchasing. Most will arrange clear transfer to seller of the amount financed on the car purchase.

Car loans, subject to the finance company’s approval can be financed to the full cost of the purchase including on-road costs and taxes, car Insurance, motor vehicle breakdown warranties, loan protection for death, disability and unemployment.

Older cars can be ok. Car loans can apply for all ages new and used depending on the car loan lender.

Finance structures can be flexible to suit your circumstance. Options to consider on your car loan could be delayed payment car loans so you first payment starts at a extended time into your finance contract, interest only payment options including balloon payments, extended finance terms and structured car finance payments to suit your life style or your work cash flow.

There are many motor finance options available for imported cars.

Commercial car finance options are available that could be suitable for business use. Some choices to consider that relate to business car financing are chattel mortgage vehicle finance, commercial hire purchase, car lease, operational car lease and fully maintained car lease packages. Be careful because the structure of your business car finance can affect your taxation claim.

Dealing through a reputable car loan broker can give you a choice of car finance lenders. It is important to know that you may get car loan interest rates and loan fees and charges cheaper than banks.

How to Choose a Car Finance Broker – Some Useful Tips

Financing a car is a very important process and today with the availability of numerous car finance brokers it has become an easy option to get secure car loans. Today these car finance brokers are also playing a vital role in assisting car buyers. In fact, consulting and taking help of car broker can definitely be most appropriate option if you don’t have any clue about what to look at according to your budget. A finance broker is the most experienced personnel and clued-up on how to approach the financiers in a way that can persuade them to approve the loan. They usually have good relations and reputation with the lenders as being reliable, and so they know which lenders are likely to be open to a client.

In general, they act as the key source and offer services such as finding a used or brand new car model that the customer wants and within a budget range. At times, these car brokers even assist car buyers in negotiating with a used car seller. However, these days there are many car finance services and making a proper selection is turning out to be a very complicated process. You need to understand that not all car finance services are fair. Therefore, if you are looking to finance a car or choose a car financing service then here are a few important points that you should keep in mind while making a selection:

Standards

You must confirm whether your car finance consultant or broker is a member of FBAA or COSL or both of these industry associations. While Finance Brokers’ Association of Australia Ltd. (FBAA) is one of Australia’s leading membership bodies for finance broking professionals, the Credit Ombudsman Service Limited (COSL) is an independent organisation that is mainly indulged in handling complaints about finance brokers. You can easily confirm finance consultant’s membership by searching through their member list. Adding to this, WA Finance Broker License is yet another additional requirement for finance brokers serving in Western Australia. Nevertheless, if you are looking for finance broker and residing in the state of WA or other states of Australia, it is essential that the broker must hold a WA Finance Broker License. A broker holding WA Finance Broker License entails passing a comprehensive range of checks, educational requirements and operational requirements.

Accreditation

While selecting a car finance broker also ensure you know about their range of lender accreditations. The range of accreditations held by a broker governs the range of options they can offer. You must note that a broker’s accreditation can not just change the range of finance options available to you, but it may even affect the quality of those options.

Experienced Staff

You must choose car finance service that recruits and retains professional and knowledgeable staff. The broker must be an experienced professional who can demonstrate and explain about why a particular product is highly recommended or even suites your specific circumstance. If possible make sure you even ask for testimonials from previous clients that in turn may help you in the confirmation of their experience.

Services Offered

As mentioned earlier, today there are many finance services available in the market. Therefore, you must find out more about any extra service that a broker can provide. You should expect your finance consultant to supply detailed information about timeframes, and any fees or extra charges related with your finance. The key point is if a broker is being able to clarify the comparison rate of your recommended vehicle finance and the overall cost of your finance package then it is quality sign of a good finance broker.

These are some important points that can help you in choosing your car finance services easily. Today a lot of responsibility goes along with buying a car and taking financial help through car broker. Just taking care of few essential steps can help you select your car broker and further purchase a nice new or used car.

How to Get Personal Injury Medical, Surgical and Hospital Financing

No-Risk Personal Injury Medical, Surgical Care and Hospital Financing

Most of the personal injury (including auto accidents) lawsuit plaintiffs, do not realize that they can qualify for easy non-recourse Personal Injury Medical, Surgical and Hospital Financing. With the help of Medical and Surgery cash financing, they can take care of their immediate medical care, surgical treatment and hospital stay needs. Best part is, they pay back only if they win the lawsuit.

What Is Personal Injury Medical, Surgery and Hospital Financing or Funding?

Medical, Surgery and Hospital Financing is a new and unique form of personal injury lawsuit funding or financing. Medical, Surgery and Hospital financing gives personal injury lawsuit plaintiffs the financial means to pay their medical provider, while the advance financing provider assumes the risk of repayment. Medical and Surgery Financing provider takes all the risk associated with advancing cash on lawsuit case and medical care and surgical treatment.

Personal Injury Medical, Surgery and Hospital Financing are not a loan in true sense.Loans are always repayable. But the Medical and Surgery Financing does not have to be paid back unless the lawsuit case is won or settled. This is non-recourse cash advance, which you pay back to Medical and Surgery funding company only if you win or settle the case. If plaintiff loses the lawsuit he or she does not pay back to Medical, Surgery and Hospital Financing Company.

Who is Eligible for Personal Injury Medical, Surgery and Hospital Financing Loan?

If you were injured in an accident and have filed a personal injury law suit with the help of an attorney, but unfortunately you are not able to get timely and quality medical and surgical care because of lack of insurance coverage or the adequate means to pay for, than you may be eligible for Medical, Surgery and Hospital Financing.

Virtually all personal injuries are considered for medical, surgery and hospital financing.

Thousands of Americans are injured daily in auto accidents or other kind of accidents in America. We have the best health care system in the world. But Americans without health insurance coverage at some time during 2007 totaled about 18% of the total population. We are living in truly interesting times. These statistics are frightening, but are true.

As you know, every day many victims of personal injuries are desperately in need of timely and quality medical and surgical care but they do not have health insurance or the adequate means to pay for medical treatment, surgical operations and hospital stays. Being injured is unfortunate. And getting injured and having no proper or adequate insurance is devastating. Not knowing where to turn, who to trust and what to do about your medical, surgery and hospital bills is frustrating?

Auto accidents and other personal injuries cause the loss of time, property, health and even life. No matter what the specific cause or result, an injury can turn a normal life into a prolonged struggle for you and your family. In times of distress and when the plaintiffs are seriously injured, they need immediate and quality medical and surgical care and treatment and hospitalization.

Solution: Personal Injury Medical, Surgery and Hospital Financing.

If you have money, you can get things and do things. The practical value of money is at maximum, if you have it at the time you need it most.

The Process to Secure Medical and Surgery Financing or Funding:

1. There is no upfront fee or any monthly fee to apply for Medical and Surgery financing or funding.

2. No credit or bad credit is alright. No employment requirement is required. Approval of Medical and Surgery funding is based on the strength of lawsuit and not on financial status. Underwriters review claim on its merits alone.

3. Underwriters review the documentation supporting injury and lawsuit. They speak with plaintiff and his or her attorney to help understand the lawsuit, and the medical care and surgical treatment needed.

4. If approved the check is sent to medical provider of plaintiff directly to cover medical, surgery care and hospital expenses.

5. You only pay back only if you win or settle the lawsuit! If you lose the lawsuit case, you pay nothing. You owe nothing!

Medical and Surgery Financing has made quality medical care accessible to personal injury lawsuit plaintiffs. In addition, Medical and Surgery Financing cash advance may be a very important tool when the insurance carrier of defendant, makes a low ball offer for lawsuit settlement. You can then use a Medical and Surgery Financing cash advance as a financial tool to say no to the low ball offer and have the financial strength to wait for a higher and fairer settlement.

Manufacturing Equipment Financing

Generally all manufacturing companies require some equipment for the smooth running of their processes. They may need to replace any outdated equipment or to buy new equipment at any point of time. Investing in equipment is therefore important for any manufacturing concern. In fact, investing in new manufacturing equipment to produce goods can increase the flow of revenue. Since the cost of such equipments is high, the need for manufacturing equipment financing arises.

Since various manufacturing companies produce different types of commodities, the manufacturing equipment financing options would vary accordingly. You can seek financial help of any of the reliable financing companies in order to acquire new manufacturing equipment that stretch the cash revenues.

Machine tool financing is one of the types of manufacturing equipment financing that is required for any machine shops or iron shops. Lathe machine, drilling machine, routers, roll forming, milling, punch press etc are some of the machine tools indispensable for the machine or iron shops. Computer control machine tools are the advancements in this field. However they are expensive and so seeking the financial assistance of any legitimate financing company are important to acquire such equipment.

Woodworking equipment financing is often desirable to acquire exceptional woodworking equipment. Panel saw machines, belt sander, door frame machine, wood shaper machine etc are some of the unique equipments used in this field. Since these equipments are special in nature, many financing companies may not be willing to provide help. These equipments are not only special but are also expensive. Hence manufacturing equipment financing is a must. There are few valid financing companies that offer financial assistance to buy these types of equipment.

Stone and glass cutting and fabrication equipment are really unique in nature. For instance, diamond cutting equipment can be used for that purpose only. This specialized nature of these types of equipments may raise complexity in getting financial help from the financial institutions. Yet there are some genuine financing companies that offer manufacturing equipment financing help to acquire stone and glass cutting and fabrication equipment. They also provide various options like edge polishing equipment financing, sandblasting equipment financing, glass cutting equipment financing and so on.

Rubber and plastic equipments are required by some manufacturing companies. Recycling equipment, rubber molding machine, thermoforming machine, rubber vulcanization machine, plastic molding machine etc are special in nature and so traditional finance lending institutions may not be ready to provide financial assistance. Hence a reliable financing company which is expert in dealing with manufacturing equipment is vitally important.

Embroidery equipments have undergone various advancements and so acquiring the computer control equipment is important for the companies that engage in embroidery making. Some financing companies offer manufacturing equipment financing help to acquire the embroidery equipment.

Manufacturing equipment financing is not an expense but a step towards greater revenues. Inefficient outdated manufacturing equipment would incur heavy loss to the company. Hence seeking the help of any genuine financial company that do not call for embarrassing procedures is really important. There are some finance companies that help manufacturing companies by approving the loan amount faster and in better terms.