1.
Begin marketing to find a potential buyer.
2. Have a potential buyer
fill out an Authorization to Pull Credit. We will give you an opinion as to their ability to refinance within a
reasonable time frame.
3. Write a purchase contract with a seller financing addendum. (call for suggested verbage / special
addenda)
4.
Take contract to an attorney's office or a
title company for closing (can be done as quickly as a few days).
5. Once
closed, servicing is transferred to us. This can happen immediately or anytime after closing.
7.
We monitor the buyer's credit, looking for an opportunity to refinance.
8. Loan is refinanced, your loan is paid IN FULL
and the buyer gets a conventional or FHA loan at a low, market interest rate. Everybody wins!
For more information, contact:
Steve Skillern * 713-498-2349 Cell *
281-569-1816 Office * Steve@PrimeLoanServices.com
