Paper into Cash: The Convertible Currency

The definitive home-study course for
structuring seller-financed transactions while
creating marketable real estate notes!

This is a brand-new, comprehensive study course with proven expert advice on how to save time, headaches, and frustration while earning thousands extra.

You will learn:

• How to create marketable real estate secured notes


• Proven secrets to structuring marketable real estate paper transactions


• A variety of "axioms" that allow you to tweak your seller-financed paper, so that it is attractive to potential note funders


• How to sell your property fast and for top dollar--often in just 30 days or less


• How to stop relying on "traditional" institutional mortgage programs


• How to creatively acquire and/or sell properties

You will learn the specific underwriting philosophies involved in structuring "paper" with detailed input surrounding many of the variables, such as:

• Property type


• Property use


• Property condition


• Property occupancy


• Down payments


• Payor employment


• Payor Stability


• Payor's overall credit profile


• Payor's credit scores


• And naturally, the repayment terms of the note

You'll see many examples of different transaction structures when dealing with marginal credit payors to cleaner credit payors.

This complete course is chock full of valuable info and very reasonable priced. You'll get the 100+ page manual, 3 Audio CDs, plus the Forms CD.

The audio recordings are top notch with a Q & A style format.

Audio CD #1
Introduction
About Notes, Mortgages, Contracts, and Assignments
Why "Value" is Subjective
Why do Folks Sell "Paper"?
Why Sell a Partial Interest in a Note
What Gets Recorded?
The Quickest Way to Sell Property
Using Wrap-Arounds
Taking a Deed in Lieu

Audio CD #2
The "Due on Sale" Clause
"Flavor of the Week" Loans
More about Wrap-Arounds
How to Buy for Terms and Still Generate Cash
Steps to a Simultaneous Closing
Why Owner Finance?
Creating Marketable Notes

Audio CD #3
Advantages to Seller
Working Pre-Foreclosures with Seller Financing
Why Hard Money is Expensive Money
Additional Advantages to Seller with Owner Financing
Advantages to the Buyer
Criteria for Seller Financing
Documenting Payment History
Dealing with Real Estate Agents
Packaging and Underwriting Issues

The Forms CD has all of the helpful forms and checklists, including:

• Borrower's Credit Authorization
• Buyer's Information Checklist
• FNMA Loan Application
• Gift Letter
• Good Faith Estimate
• IRS W9
• Note Information Worksheet
• Note Submission Pricing Worksheet
• Pre-Closing Checklist
• Post-Closing Checklist
• Submission Information Sheet
• Transfer of Servicing Disclosure
• Truth in Lending Statement
• Verification of Employment
• Request for Verification of Mortgage Loan or Credit Union
• Request for Verification of Rent
• Waiver of Escrow Impound
• Wiring Instructions

CUSTOMER COMMENTS

"Your material is very insightful and has helped me grasp the concepts involved in seller financing my properties..." - Tim Jacobs, AAA Home Buyers, Richmond, VA "You saved me a whole bunch of time climbing the seller financing learning curve. I absolutely love this course..." - John Banham, Quality City Funding, Newark, NJ "I've purchased other materials in the past that had a fraction of the content you have given me...thanks again for over delivering." - Nancy Christopherson, Lighthouse Properties LLC, Gig Harbor, WA "I wish I had this material a long time ago to correct my mistakes and costly lessons learned the hard way. Now I know better..." - Genaro Cabrera, Avondale, AZ "Mike, great job-- well written, outlined, and recorded--and what a value. I picked up numerous tips along the way..." - Bobbie Sue Martin, C & C Realty & Investments, Milton, FL "My fear of the unknown is gone. You've made owner financing easy to understand, and now I truly see the benefits..." - Maris Villanueva, Atlas Enterprises, Pampa, TX

The techniques you'll learn have worked well for many of Michael's students through many different real estate cycles. When you implement some of these concepts, you'll be amazed as you become less and less dependent on "traditional" institutional financing programs.

Want to save valuable time? This brand-new course can show you how. Get your copy of Paper into Cash today!

For a better deal, get both courses...

Get both courses and save!

Buy both courses by Michael Morrongiello, Paper into Cash
AND The Unity of Real Estate & "Paper" for one low price!

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