Mortgage Assignment Case Study ~ Villamoura

I guess we could call this case study the most infamous because it’s the first one where we interviewed the buyers and sellers at the closing. 

We were referred to these sellers through my husband’s sister.  What was great about these sellers is that the husband is studying to be an attorney and he had done some of his own research on owner financing prior to even meeting with us.

So, not only was this a warm referral but after examining selling alternatives on their own, they also agreed with us that owner financing / mortgage assignment was one of the options and alternatives they wanted to pursue.

These sellers were up to date on their mortgage and were not in a financial bind, yet they really wanted to downsize to compensate for other expenses, including their schooling, so they were motivated.

We started marketing their home, and as you saw in the video, we were able to find a buyer within 3 weeks!

The buyer was a Pastor ,who like many self employed individuals, could not prove his income and as a result could not get bank lending.  He had also recently divorced and as a result, had some credit issues that needed time to resolve.

Originally, our buyer had a large down payment but an unexpected business expense came up and so he was going to wait.  However, we thought that these sellers and he may be a good match and may be willing to be flexible enough to make the transaction work and so we showed him the house and he fell in love with it.

So, after some creative number crunching, the buyers and sellers agreed that the Pastor could put down a small initial down payment and pay the remaining down payment over the course of the next 6 months.

Our profit on this deal was just under $12,000 —-> $11,996.00

The important lessons on this deal were:

1.  Flexibility.  This flexibility on the sellers part meant a quicker sale for them. For the buyer, it meant that he could get into a home sooner than he anticipated while still fulfilling his down payment obligations.

2.  Referrals.  This has been another one of the advantages of being in the mortgage assignment business…we are getting a lot of referrals.  We have a solution that no one else is talking about or offering.

Now that it’s becoming more widely known, there are still other investors and realtors who just don’t know how to do it and so we are getting their referrals too.

There are many great things about doing Mortgage Assignments…

—> We are helping sellers who have no other GOOD options and are likely facing foreclosure, this is their BEST alternative.

—-> We are helping buyers become homeowners.

—-> We are providing a solution many investors, realtors and brokers are just learning about and many of them are THRILLED to pass these deals over to you if you can help them!
CLICK HERE TO BUY AMPS™ NOW!