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   Structured Settlements

        & Annuities

                                                                                               Structured Settlements

A structured settlement is a special type of annuity that is paid in settlement of a legal settlement. This type of financial product is common in cases where large amounts of money are rewarded to one party in a legal case. An example of this may be an award of $500k to one party in a workers’ compensation case. The funds will be paid out on a regular, periodic basis instead of being paid as a lump sum payment. However, in some cases, if deemed necessary, the funds may be paid as a lump sum.  Structured Settlements are written on almost all insurance carriers who deal with annuities. A major selling feature of a structured settlement is the fact that payments are tax free.

Because of a need for cash, a robust secondary market has emerged where structured settlement recipients can sell all or some of their annuity payments. This process requires a court order for the protection of the structured settlement owner.  The judge will oversee the buyout and make sure their is a valid reason for selling.  Secondly, the judge will also make sure that the buyout is at a favorable interest rate.  There is currently problems within the industry as many unscrupulous companies prey on the settlement owner.  Tricks used by companies include high buyout rates, pushing back court dates to make money on the time surpassed, and flat out changing pricing after a bid is agreed upon. 

A key factor everyone must do when selling a structured settlement is get multiple bids.  Although necessary, the sad thing is competitors will lie about one and other and in many cases this will leave the structured settlement recipient in a quandary who to believe. Whats the solution to this mess you ask? Our service is the solution for the following reason.  First and foremost we obtain bids for you from the companies.  We also track your deal from start to finish and this helps keep the annuity buyers honest.  They know if they mess with your buyout they will be off of our website and not get access to our deals.  So when selling an annuity or structured settlement, Payment Quotes is the ideal solution.

                                                                               Mortgage Notes

Upon the closing of a mortgage, the mortgagee usually signs what is called a mortgage note. A mortgage note indicates that the person in receipt of the mortgage agrees to repay the mortgage within a specified period of time at a specific rate of interest.  Once the note is signed, the mortgagee is obligated to abide by the terms included in the agreement.

In some cases, a home buyer may opt for a private mortgage due to their inability to qualify for a traditional mortgage. Seller financing is a common type of private mortgage in which the seller of the property acts as the bank and loans the borrower the money to cover the mortgage. Usually the lending rate is higher than traditional mortgage rates because of the higher risk involved. This higher rate makes private mortgages ideal investment opportunities for those willing to accept the risk. Private mortgage notes are usually available for sale in the secondary market.

After a few payments have been made, the holder of the mortgage note can opt to sell that note on the market. Once a private mortgage note is sold, it may be exchanged for actual cash. The amount received is dependent on a number of factors including the appraised property value, the principal amount outstanding, the number of payments already made, the number of payments outstanding, as well as the creditworthiness of the borrower.

Great care should be taken when purchasing or selling a mortgage note to ensure that the appropriate price is arrived at before any money exchanges hands. Mortgage note brokers facilitate the selling and purchasing of mortgage notes and they usually charge a broker’s fee for their services. Some of the factors to consider when you are a mortgage note holder include the creditworthiness of the borrower, the value of the property involved and whether the property is insured or not.

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Mortgage Notes

& Deed of Trust