American Equity Funding (AEF) is a professional and trustworthy company that buys and pays cash for owner-financed mortgage notes. Once purchased, AEF owns the notes and receives payments. In many cases, however, we either broker the message to a bank or some other corporation. The new buyer receives the payments, and American Equity Funding ensures a smooth process.
Banks
Banks are not typically set up to handle one-on-one transactions with private owner-financed mortgage note sellers. They do not want to deal with compiling the needed documentation. Therefore, they rely on American Equity Funding or similar mortgage buying companies to be a resource in finding and providing properly documented notes. The note seller also greatly benefits from the services offered by AEF.
Examples
American Equity Funding recently bought a mortgage note for a customer in less than two weeks, including signing the contract with the seller receiving funds. Credit must also be given to the note seller that quickly provides a well-documented package. Amazing things happen when we work together with our clients as a team! American Equity Funding chose to keep and service this note.
Another note seller was a repeat customer and had more than one mortgage note to sell. The client was serious about the need to sell quickly and contacted American Equity Funding on Christmas Eve, stating the need to finalize before the end of the year for tax purposes. This was an unusual situation, and the note seller had done his due diligence in preparing.
Extra help was solicited, and with diligent work, We finalized the transaction and met the deadline. Needless to say, the note seller was extremely excited! American Equity Funding chose to broker this purchase to a corporation from out of state who was very happy with the purchase.
Exceptional Owner Financed Mortgage Buying Company
Selling your note without assistance can be very stressful and challenging, especially for first-time note sellers. As an owner-financed mortgage buying company, American Equity Funding is committed to excellence and providing fast, friendly, and exceptional service to every client!
For inquiries, please get in touch with American Equity Funding at 1-800-874-2389. I welcome the opportunity to speak with you!