BEGIN BLINK SCRIPT

With our knowledge, funding sources and unique financing strategy, Eldorado Capital Resources can help you find more prospective buyers and can help you close on your property faster than any traditional source!

It is a well known fact that owner financing sells properties fast, especially with properties or prospective buyers that do not conform to traditional lending / mortgage requirements. But until now the big problem with this approach has been that the typical property seller does not want to collect monthly payments — and needs or wants to cash out at closing to pay off the existing mortgage, to cover all closing costs, to purchase another property or for any number of other reasons.

Sellers need cash!

We have eliminated that problem! You and your clients now have access to our unlimited funds and can use our unique Temporary Seller Financing strategy to sell a property at top price — and still generate cash at closing!

1. Advertise "Owner Will Finance . . . No Points! No Bank Qualifying!" (We can help you with the exact wording for the property.) This will attract many more prospects than the traditional approach. 
    

2. Set the sale price equal to the appraised value (not a penny less! — even if this is higher than what you now have it listed for). At this point, seller predetermines, based on his needs (we'll help determine those needs), the seller-financed deal that will be offered (i.e., sales price, down payment, first mortgage note seller will create, terms, etc.).
   
   EXAMPLE: Sales Price (appraised value) = $100,000. The deal that might be offered:  10% down and a 90% First Mortgage Note ($90,000) at 9% interest for 360 months. The monthly payment would be $756.77 (P+I). Remember, our investors are going to buy this note for approximately $82,500.  Add the down payment and the seller gets a total of $92,500, less your commission and normal closing costs to cover appraisal and title work.
   
   From this point forward, there will be little or no negotiation with any prospective buyer. Your seller is offering the financing — which the buyer cannot get elsewhere — so the seller is in control! Remember, this may be the only way the buyer can purchase a home, so they, too, appreciate this strategy and are eager to cooperate. 
    

3. Receive and screen calls from the advertising — Show the property ti 3-4 prospective buyers. Position the seller-financed deal that is being offered. Get the interested buyers to complete a 1003 Credit Application and an Authorization to Release Credit Information (standard forms). Best of all, we'll help you work through these things! 
    

4. FAX me the completed Credit Application(s) and Authorization to Release Credit Information. We will review buyer's credit information, get them pre-approved and help determine the best prospect to sell to. Our investors are much more lenient regarding credit issues than traditional sources, and with a 575+ FICO score we can get most buyers approved immediately! 
   
   At this point, based on the buyer's financial information and the structure and terms of the note, we can determine the exact value of the note and make a firm purchase offer. 
    

5. Seller and Buyer sign a Real Estate Purchase Contract — Everyone agrees on the structure and terms of the note to be created — and Eldorado Capital Resources provides the Seller with a contract to purchase that note at — or right after — closing. We use your choice of a local title company or closing agent, and they take over from there! We work with them to create and collect all the required documents and set a closing date. 
    

6. At closing, Seller creates and then simultaneously sells/assigns the mortgage note to our investor. The Buyer's down payment, plus the funds that will be wired, are used to pay all closing costs. The Seller collects the balance of the funds, and the Buyer will make all payments directly to our investor — IT'S A DONE DEAL! 

Certified Cash Flow Consultants
and
proud member of