beaudriggers Registered User
Posts: 5
(2/26/04 3:58 am)
I can finance anyone!
I can now finance any home purchase, no matter what, to anyone, no matter what, with only a 10% down and single digit fixed rate!
investors ok
no ssn ok
no credit check
no income verification
Beau Driggers
205-663-1314
205-427-8388
Jay Compton Registered User
Posts: 94
(2/27/04 5:12 am)
I'm In!!!
Beau,
Sign me up...If you can do a 90/10 on "EVERY" person that looks at my houses........I'll hold that 10% second mortgage on all of 'em....
Email me, show me what you can do....
I got your phone call, but I prefer to deal with mortgage brokers via email (until they close a deal for me).
Jay Compton
Realty Investments, Inc.
hombyr1@aol.com
beaudriggers Registered User
Posts: 7
(3/1/04 6:14 pm)
Re: I'm In!!!
Jay,
I just saw your reply to my post so I apologize for not responding to you faster. You sound just like me the first time I heard of this program. Many of the investors I have had the opportunity to meet have been very excited about my new program. Our website (since your not a man who likes to talk at this point in our aquantance) is www.gapusa.net. I hope this will answer most of your questions, but I'm sure it won't answer them all.
P.S. The 10% does not need to be seasoned but it does have to be there.(10K min.)
10% Down-No Credit Check-100%Guaranteed Approval
WOW!
Please send me some more information about this program.
RandallBall@juno.com
Jay Compton Registered User
Posts: 98
(3/9/04 10:03 pm)
Question??
Beau,
I believe I get the basis of what you're offering. I, being the investor, would get an investor loan through your company, then sell the house to a buyer with them putting 10% down and me keeping the same loan in my name. The buyer then pays the payments of a loan I still have in my name.
Now, if I'm correct in this, what is my recourse for this loan and for how long? Would I have to sign for it personally? Is there a time frame that allows the buyer (with timely payments made) to put the mortgage in their name?
This concept has been used with car dealers financing cars to individuals for many years. A car dealer would sell the car to the individual. A secondary company would then buy the note from the dealer, but keeping the dealer in full recourse for several months. If the deal went bad within that time period, the dealer would have to buy the car back for the full price of the loan amount.
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