Simultaneous Closings
A simultaneous closing is a form of creative real estate financing that occurs when a seller financed promissory note is purchased at closing. About Us is the page where you write in more detail about your company and business. Focus on your strongest points, whether history, licenses, or awards.
Selling your well created promissory note at closing is best way to get a fast cash sale every time!
This process is SO simple. Don't try to complicate it, all you do is have the title company, ecrow company or closing attorney draft/fill in a promissory note and deed of trust (or all inclusive deed of trust if you have an existing mortgage)
Take Note: (no pun intended) As of now Cash 4 Promissory Notes currently needs 1 month of seasoning but is working on getting that number down to 0, so currently we are not technically participating in simultaneous closings but keep checkinng back to this page to see if that has changed.
Until then just use a "Weasel" Clause:
It would be prudent of you to use a “weasel” clause in any sales agreement you reach with your buyer(s) that will state in some many words that "if you are unable to convert the Seller financed promissory note into cash for an amount acceptable to you, then the sales agreement between parties can be considered null and void."
This leave you with the option to go back to square one: owning the property to try to sell it in a different way or with better terms or a better payor/buyer.