Debt negotiations for the settlement - How to reduce debt unsecured creditors

negotiations for the settlement of debt are likely to negotiate with creditors to pay off unsecured debts in a lump sum payment. unsecured claims may arise from loans, credit cards, store cards or home shopping. If you have accumulated debts and can not claim the repayments you may be able to get your total debt reduction of up to 70%.

Consider professional approach

When you consider negotiations for settling the debt, the lender can contact you, or you canwant to get a debt negotiator. Of course, training, professional approach always reduced the debt, the better for you.

If you're a company, then you may be able to get your debt reduced by 50% to 70%. A company can often reduce the debt for the amount of this account when you are negotiating with creditors probably did not even get close to that reduced amount. If you choose to negotiate yourself, you are fortunate to have about 20% to 30% reductionDebt. If you use the-go professional, it also means that you contact your provider is not himself and the company does for you. If you need to take your lender, you may very intimidating.

Lenders are usually willing to listen to the debt negotiations, because then at least something from the money due. Understand that if you do not negotiate your debt with them then you have the possibility of failure and thismeans they may not see any money at all.

Debt settlement negotiations are a very practical and powerful way to pay off debts that would otherwise be impossible to payoff, without you having to declare bankruptcy. If you have succumbed to debt due to redundancy then you may wish to use some of your redundancy money to pay off and clear your debts this way.

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Overview of structured settlements in the U.S.

Structured settlements are not generally known solution to replace the conventional lump sum cash. In short, structured settlement is an agreement, a contract of insurance by states, beneficiaries pay a predetermined periodic payment to. Most often, the payment will be used to resolve claims personal injury or wrongful legal obligation to pay a trade magazine.

settlement system was structuredin Canada back in 1970 introduced, followed by the United States in the early '80s and then to European countries. Since the system has recommended the Federal structured settlement is a popular alternative to the lump sum cash payment in the United States.

Advantages of structured settlement system

Tax

In the United States have the favorable tax treatment provisions will be extended to annuity fund under the agreement wasTo promote the use of structured settlement system. For a guide, money, income from structured settlement payment liability and not included in gross income when tax returns, means that the payment of liquidation is not structured.

With the money made with American tax dollars free while maintaining a tax depreciation, pensions from a structured settlement system to provide steady cash flow to start aBusiness or Home Mortgage rates back up.

Avoid the risk of loss

In addition to structured system provides the perfect source of revenue loss if the risks are minimized. It 'very common for a compensation payment-off to win a recipient money to finish everything as soon as the money is like the lottery. ineffective most of these lump sum of money in investments or luxury realistic rather to ensure the waste streams of income for life.

At the end of the daysome former recipients may have found no cash flow, based on loans for family living expenses or even direct government support as a source of support for the rest of Their lives.

Flexibility

The flow of payments in a structured settlement payment is no limit to everything. According to agreement between the beneficiary and the insurer, the payment will be increased power from the same each year or a year, the payment periodmay be fixed at a certain time, or can be set as the basis for life. In addition, the settlement structure needed to be sold, while the immediate cash as well. Selling a structured settlement offers comfort in case you need to cash some time in life to overcome great expense to buy, like a house or a return of a loan.

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Credit card unsecured debt settlements - how they work and where is Debt Relief Help

If you want to get out of debt liabilities, but without your relationship to the total amount, composition is right for you. The procedures of debt reduction can easily remove up to 50% or more of your debts. Want to know more?

There are three essential components of this process of debt reduction. First, you must be enrolled in a program. Secondly, your company debt reduction to negotiate with creditors. Third, start your settlement company to pay money(Probably monthly) until you are debt free.

• Membership: Perform a standard internet search on Google and you will soon see a lot of companies to choose from debt. Thus, the company should choose? This is a company that has a good reputation, good customer reviews, a positive evaluation by the BBB, and a company that is listed with a net debt reduction has given us. Although to find professional help, it's really best to ignore the ruleInternet search and go directly to the website of the network of a relief. There you will find contact information for some much appreciated and recommended professionals.

• Negotiate: This is a major component of this debt relief mechanisms, is when you determine what your debt is eliminated. The good news? You have nothing there? We hope that you have selected a solution good company and seek their hardest to get the highest numberPercentage of excretion. Basically, you must sit and wait to see how much of your debt has been forgiven. Hopefully, it was said somewhere around 50%.

• Payment: Once you are enrolled in a program of debt relief, you will be informed of your monthly payments. It is necessary, based on company liquidation to pay X amount of dollars and probably on a monthly basis. Depending on the company, a small percentage of the monthly payments might be for your businessTaxes. The rest (most of them) will be distributed to creditors. The money goes to pay your debts. You must ensure that these monthly payments until you have enough to get out of debt to get one for all,

As mentioned earlier, it is probably the best luck if they see a professional to negotiate with creditors. To find out which professional to start with a network of debt relief. Good luck!

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What is a composition of insurance?

An insurance settlement is the settlement of an insurance claim to an insurance company. This could be a claim by an insured under their insurance or to request a third party.

Compensation insurance may in many ways. One of them is to defer the payment as income if the company has promised for a number of future years to make.

A life insurance settlement or LifeBilling> is something else. It is selling your life insurance to pay immediate cash for a life settlement company. If you are over 65 years and have a life, you might sell the policy. Life insurance is like any other property you own, and you are free to sell it to.

insurance reimbursements are paid

Life settlements are disbursements of its nature. You can also pay you receive deferred paymentsunder an insurance agreement. They both look down.

Sales of life insurance

There are a number of reasons why you wish your life could sell.
* The premium has a heavy financial burden

* Need money for a prolonged medical treatment

* There is life insurance in the market that are cheaper

* There are investment options that you like best

* Your job or personal situationchanged and a life insurance policy may not be the best

Option under the new situation

Factors such as the above, you may do better to make money from your life policy. In extreme cases you might also have forfeited the policy before being able to make any claim.

The common alternative in this case, the policy passed to the insurance company and receiving the surrender value. It 'was a poor alternative because of the surrender value may zero or very lowAmount of the premium you pay over for years.

If you are over 65 years, now you can sell your policy and the sum is considerably higher than the surrender value. The amount depends on factors such as Give your current medical condition, life expectancy statistics, smoke or use tobacco habit and policy.

Selling Among other benefits of deferred payments

Where is your insurance will cover the pensions of regulation,maybe they want to make payments for a fixed fee. A lump sum of cash now could help you achieve your money better, or the cost of prolonged medical treatment.

In these cases, you can speed up settlement of your insurance payments. The judge is involved, to establish that the payment of retirement benefits is in your best interest. If the court approves the acceleration, you could sell your pension, in whole or in part, and receive a lump sum of cash.

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More on a Structured Settlement Annuity

A structured settlement annuity refers to the recurring payments made by an insurance company to an individual in the case of out-of-court settlements. It is a structured settlement because it involves an agreement for a predetermined amount of cash for a fixed length of time. This is commonly used as an alternative to lump sum settlements.

Also known as periodic payments, these could be made for the duration of the life of the claimant. The payment can be in the form of equal installments or installments of varying amounts. Because these are long-term payments, it is important to get an assurance of the credentials of the annuity provider to ensure that it is capable of meeting the terms of the settlement.

The start date, duration and frequency of the payment are also specified in the settlement agreement. These are calculated based on the claimant's monthly expenses, present age, extent of hazard in occupation and retirement plans. Under certain conditions, transferring of obligation from the insurance company making the payment to a third party is allowed.

Periodic payments from a structured settlement are tax-free, but only if the structure of payments is not altered once both parties have agreed upon it. While this may give recipients a sense of security, some are concerned that the payments will lose their value over the term of the payout because of inflation. It is also possible that their financial situation has changed, so that they need money sooner rather than later to meet expenses or they find that the payments no longer fit their budget.

These are some of the reasons that drive people to sell structured settlement payments. Selling future payments in part or whole for lump sum cash allows them to decide what to do with their money to secure their present needs and future financial standing. They can use it to purchase big-ticket items such as a home or a car, to finance their education or just reinvest it where the dividends are greater.

There are many institutions that buy structured settlements, with transactions running in the tens of thousands up to millions of dollars. In choosing a settlement purchaser, it is important to look into the past payment records and working relationships with insurance companies. A consistently good payment record and working relationship with various insurance companies means a good chance of the transaction being approved quickly.

Purchasers should also be licensed, insured and bonded. This is to protect clients and ensure that they get their cash if the purchaser goes out of business. It is also advisable to take advantage of the free consultations offered by settlement purchasers, not only to assess a prospect, but to get different opinions on whether selling the settlement is the best option and if there are other options as well.

The decision to keep a structured settlement intact or to sell the payments is a major one. A structured settlement annuity can be a source of great comfort for retired individuals or people with impaired earning ability, since it offers the advantage of a regular income without having to worry about managing it. On the other hand, people who sell structured settlement payments gain control of their own finances, and can use the money from the sale for an alternative investment plan that could earn them more than what they were getting from the settlement. Ideally, however, the latter should be resorted to only if the individual is confident of managing his own finances in a competent manner.

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More on a Structured Settlement Annuity

A structured settlement annuity refers to the recurring payments made by an insurance company to an individual in the case of out-of-court settlements. It is a structured settlement because it involves an agreement for a predetermined amount of cash for a fixed length of time. This is commonly used as an alternative to lump sum settlements.

Also known as periodic payments, these could be made for the duration of the life of the claimant. The payment can be in the form of equal installments or installments of varying amounts. Because these are long-term payments, it is important to get an assurance of the credentials of the annuity provider to ensure that it is capable of meeting the terms of the settlement.

The start date, duration and frequency of the payment are also specified in the settlement agreement. These are calculated based on the claimant's monthly expenses, present age, extent of hazard in occupation and retirement plans. Under certain conditions, transferring of obligation from the insurance company making the payment to a third party is allowed.

Periodic payments from a structured settlement are tax-free, but only if the structure of payments is not altered once both parties have agreed upon it. While this may give recipients a sense of security, some are concerned that the payments will lose their value over the term of the payout because of inflation. It is also possible that their financial situation has changed, so that they need money sooner rather than later to meet expenses or they find that the payments no longer fit their budget.

These are some of the reasons that drive people to sell structured settlement payments. Selling future payments in part or whole for lump sum cash allows them to decide what to do with their money to secure their present needs and future financial standing. They can use it to purchase big-ticket items such as a home or a car, to finance their education or just reinvest it where the dividends are greater.

There are many institutions that buy structured settlements, with transactions running in the tens of thousands up to millions of dollars. In choosing a settlement purchaser, it is important to look into the past payment records and working relationships with insurance companies. A consistently good payment record and working relationship with various insurance companies means a good chance of the transaction being approved quickly.

Purchasers should also be licensed, insured and bonded. This is to protect clients and ensure that they get their cash if the purchaser goes out of business. It is also advisable to take advantage of the free consultations offered by settlement purchasers, not only to assess a prospect, but to get different opinions on whether selling the settlement is the best option and if there are other options as well.

The decision to keep a structured settlement intact or to sell the payments is a major one. A structured settlement annuity can be a source of great comfort for retired individuals or people with impaired earning ability, since it offers the advantage of a regular income without having to worry about managing it. On the other hand, people who sell structured settlement payments gain control of their own finances, and can use the money from the sale for an alternative investment plan that could earn them more than what they were getting from the settlement. Ideally, however, the latter should be resorted to only if the individual is confident of managing his own finances in a competent manner.

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Outrageous Structured Settlement Discount Rates

Selling a structured settlement can be great on many levels. Including, freeing up cash to pay for college, buying a home, or paying off debt. But, the question is, "Why do factoring companies take such a large chunk of the structured settlement or annuity?" The national average of 19.2% for a discount rate is just an absurd figure. Yes, there is a risk factor involved, taking on payments from a company that may not be around in 20 years.

The national average taken from a 2004 California Attorney's General report was 19.2%. If a structured settlement is going to be sold for a lump sum of money, the interest rates have to be much lower. A reasonable rate would be in the range of 10- 13%. With this rate both the factoring and the structured settlement owner would come out very happy.

Lets take a $200,000 structured settlement that is getting paid out evenly over the next 10 years. That is $2,000 per month. With the discount rate of 19.2% over the next 10 years, equals around $112,000 to the structured settlement owner. The factoring company is taking 44% of the $200,000.

With the discount rate of around 12%, the structured settlement owner would get a payout of around $140,000, that is almost $30,000 higher than the national average.

The factoring industry is heading this way in the future. It may take a few years, and a few more stunning reports, but the factoring industry is needed in many ways.

There are more and more structured settlement factoring companies offering great discount rates as low as 8%. These companies are the future of the industry.

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Outrageous Structured Settlement Discount Rates

Selling a structured settlement can be great on many levels. Including, freeing up cash to pay for college, buying a home, or paying off debt. But, the question is, "Why do factoring companies take such a large chunk of the structured settlement or annuity?" The national average of 19.2% for a discount rate is just an absurd figure. Yes, there is a risk factor involved, taking on payments from a company that may not be around in 20 years.

The national average taken from a 2004 California Attorney's General report was 19.2%. If a structured settlement is going to be sold for a lump sum of money, the interest rates have to be much lower. A reasonable rate would be in the range of 10- 13%. With this rate both the factoring and the structured settlement owner would come out very happy.

Lets take a $200,000 structured settlement that is getting paid out evenly over the next 10 years. That is $2,000 per month. With the discount rate of 19.2% over the next 10 years, equals around $112,000 to the structured settlement owner. The factoring company is taking 44% of the $200,000.

With the discount rate of around 12%, the structured settlement owner would get a payout of around $140,000, that is almost $30,000 higher than the national average.

The factoring industry is heading this way in the future. It may take a few years, and a few more stunning reports, but the factoring industry is needed in many ways.

There are more and more structured settlement factoring companies offering great discount rates as low as 8%. These companies are the future of the industry.

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Overview On Structured Settlement Payment

Structured settlements refer to compensation payments via periodic allowance scheme. Usually, such annuity payments established to reimburse the settlement recipients losses of income or working ability in long term.

Such settlement system is first introduced in Canada in the 1970s. The idea was so brilliant and it quickly grabbed its position in United States and turned popular in Europe countries eventually.

Advantages with structured settlement

Structured settlement in general comes with a few advantages that conventional lump sum cash settlements do not give. A few major plus points include the elimination of dissipation risks involve with lump sum cash settlement and tax exemption on the settlement income.

Picture an 18 years old with a huge pile of money from lump sum settlement, the risks of overspend or being conned is very high. Now imagine the same person gets a fix smaller periodic amount from structured settlement, the risk of being targeted by con man is minimum. So is the chance of wasting the money recklessly.

In United States, favorable tax treatment rules have been extended to the cash received under annuity payment agreement in order to encourage the use of structured settlement system. For instant, money income from structured settlement payment are not included in gross income when filing tax, this means that the payment from structured settlement is non-taxable.

Making a structured settlement claims

The completion of a structured settlement requires contracted agreement from two major parties: the settlement insurer and the settlement claimant. The insurer can be an insurance company, a qualified settlement fund trustee, or even an individual defendant (in rare case).

In the beginning of a claiming process, the insurer have to promises to pay future periodic payments to the claimant with all or a portion of the negotiated personal injury damages in exchange for a release via a contractual agreement.

If the offer is agreed by the claimant, he or she will release the claim in exchange for the promise by the insurer via signing off the contractual agreement. The settlement can consists of one or more future benefit payments to claimant in addition to immediate cash items (for attorney fees, liens).

To finalized, the insurer will need to make an assignment of its obligation to pay future periodic payments to a third-party. The assignee assumes this obligation. The plaintiff agrees to the assignment in the release and agrees to look to the assignee as the obligor for the promised future periodic payments.

The assignee receives funds from the Defendant/Insurer or QSF Trustee and uses these funds to purchase an annuity contract in an amount sufficient to fund the periodic payment obligation it has assumed. The assignee owns the annuity contract and may either make payments directly to the Plaintiff/Claimant or may direct that the annuity issuer make the payments.

Alternatives for structured settlement

In case you received a structured settlement and wish to have the lump sum cash settlement instead, you can. Nowadays there are plenty of insurance companies or financial institutions that are willing to purchase a structured settlement. This means that structured settlement recipients can sell their settlement in exchange of a lump sum of instant cash.

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Insurance Settlements

Before understanding the concept of insurance settlements, it is important to understand the term structured settlements. Structured settlements are basically periodic payments made to a consumer as a result of a personal injury lawsuit.

These payments, spread over a period of several years, have the advantage of being tax free both at the state and the federal level. There is a flip side, though. This means that once the consumer decides upon a structured settlement, there is no going back. Simply put, he cannot then ask for a lump sum amount as settlement.

Now consider a situation where you are in an urgent need of instant cash. The particular situation may vary. The need may be to buy property, meet emergency expenses, or pay educational expenses. No matter what the situation, the lowest common denominator is that you need instant money.

This is where insurance settlement comes into the picture to bail you out of your predicament. There are many insurance companies that are more than willing to buy your structured settlement and pay the liquid cash you desire.

The ideal insurance company will examine your requirements and your current financial situation, do a cost analysis and then arrive and then arrive at a plan that is beneficial to you and the company. Insurance settlement plans can include full payment or partial payments. A full payment means that an individual sells the remaining future payments at a decided upon value. Partial payments refer to plans where the individual sells only a specific number of future payments.

It is important to study all options that you have for raising money before deciding to sell your policy. If in case you are not sure how to proceed, it is best to seek legal or financial advice. Don't take a decision, which you might end up regretting later.

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Insurance Settlements

Before understanding the concept of insurance settlements, it is important to understand the term structured settlements. Structured settlements are basically periodic payments made to a consumer as a result of a personal injury lawsuit.

These payments, spread over a period of several years, have the advantage of being tax free both at the state and the federal level. There is a flip side, though. This means that once the consumer decides upon a structured settlement, there is no going back. Simply put, he cannot then ask for a lump sum amount as settlement.

Now consider a situation where you are in an urgent need of instant cash. The particular situation may vary. The need may be to buy property, meet emergency expenses, or pay educational expenses. No matter what the situation, the lowest common denominator is that you need instant money.

This is where insurance settlement comes into the picture to bail you out of your predicament. There are many insurance companies that are more than willing to buy your structured settlement and pay the liquid cash you desire.

The ideal insurance company will examine your requirements and your current financial situation, do a cost analysis and then arrive and then arrive at a plan that is beneficial to you and the company. Insurance settlement plans can include full payment or partial payments. A full payment means that an individual sells the remaining future payments at a decided upon value. Partial payments refer to plans where the individual sells only a specific number of future payments.

It is important to study all options that you have for raising money before deciding to sell your policy. If in case you are not sure how to proceed, it is best to seek legal or financial advice. Don't take a decision, which you might end up regretting later.

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Structured Settlement Payments Explained

Before the 1980's when structured settlements became common, people who were rewarded a settlement would typically get a lump sum amount... meaning they would have all their money at once.

Example: If you were injured at work and received a $100,000.00 settlement, you would get the whole amount up front.

It didn't take long before the "system" (meaning courts, involved companies and people) realized a big problem with this... settlement recipients would spend all their money very quickly and still be in need for more!

A structured settlement is simply a break down of your settlement amount into periodic payments.

Example: If after an accident you are awarded a $100,000.00 settlement, you might receive $10,000.00 per year for 10 years.

That's basically what a structured settlement is.

Of course, depending on your settlement you might be guaranteed payments for months, years or your whole life!

Do Structured Settlements Apply To Anyone And Everyone?

Structured settlements were really just created for injury cases - both at work, on the road, or at home.

Let's not forget the most *important* benefit: The money you receive each month from your structured settlement is absolutely tax free!

You see, the government wants to encourage their use because it saves our country money in the long run. (Otherwise more people would need public aid because they spent all their settlement money!)

The amount of the payments and pay periods are completely negotiable for both parties (usually the victim and insurance company) to decide.

Keep in mind: This negotiation phase is the perfect time to be smart and think ahead of how you should best structure the payments... make sure you have expert lawyers and financial planners to help you.

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Structured Settlement Payments Explained

Before the 1980's when structured settlements became common, people who were rewarded a settlement would typically get a lump sum amount... meaning they would have all their money at once.

Example: If you were injured at work and received a $100,000.00 settlement, you would get the whole amount up front.

It didn't take long before the "system" (meaning courts, involved companies and people) realized a big problem with this... settlement recipients would spend all their money very quickly and still be in need for more!

A structured settlement is simply a break down of your settlement amount into periodic payments.

Example: If after an accident you are awarded a $100,000.00 settlement, you might receive $10,000.00 per year for 10 years.

That's basically what a structured settlement is.

Of course, depending on your settlement you might be guaranteed payments for months, years or your whole life!

Do Structured Settlements Apply To Anyone And Everyone?

Structured settlements were really just created for injury cases - both at work, on the road, or at home.

Let's not forget the most *important* benefit: The money you receive each month from your structured settlement is absolutely tax free!

You see, the government wants to encourage their use because it saves our country money in the long run. (Otherwise more people would need public aid because they spent all their settlement money!)

The amount of the payments and pay periods are completely negotiable for both parties (usually the victim and insurance company) to decide.

Keep in mind: This negotiation phase is the perfect time to be smart and think ahead of how you should best structure the payments... make sure you have expert lawyers and financial planners to help you.

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Overview On Structured Settlement Payment

Structured settlements refer to compensation payments via periodic allowance scheme. Usually, such annuity payments established to reimburse the settlement recipients losses of income or working ability in long term.

Such settlement system is first introduced in Canada in the 1970s. The idea was so brilliant and it quickly grabbed its position in United States and turned popular in Europe countries eventually.

Advantages with structured settlement

Structured settlement in general comes with a few advantages that conventional lump sum cash settlements do not give. A few major plus points include the elimination of dissipation risks involve with lump sum cash settlement and tax exemption on the settlement income.

Picture an 18 years old with a huge pile of money from lump sum settlement, the risks of overspend or being conned is very high. Now imagine the same person gets a fix smaller periodic amount from structured settlement, the risk of being targeted by con man is minimum. So is the chance of wasting the money recklessly.

In United States, favorable tax treatment rules have been extended to the cash received under annuity payment agreement in order to encourage the use of structured settlement system. For instant, money income from structured settlement payment are not included in gross income when filing tax, this means that the payment from structured settlement is non-taxable.

Making a structured settlement claims

The completion of a structured settlement requires contracted agreement from two major parties: the settlement insurer and the settlement claimant. The insurer can be an insurance company, a qualified settlement fund trustee, or even an individual defendant (in rare case).

In the beginning of a claiming process, the insurer have to promises to pay future periodic payments to the claimant with all or a portion of the negotiated personal injury damages in exchange for a release via a contractual agreement.

If the offer is agreed by the claimant, he or she will release the claim in exchange for the promise by the insurer via signing off the contractual agreement. The settlement can consists of one or more future benefit payments to claimant in addition to immediate cash items (for attorney fees, liens).

To finalized, the insurer will need to make an assignment of its obligation to pay future periodic payments to a third-party. The assignee assumes this obligation. The plaintiff agrees to the assignment in the release and agrees to look to the assignee as the obligor for the promised future periodic payments.

The assignee receives funds from the Defendant/Insurer or QSF Trustee and uses these funds to purchase an annuity contract in an amount sufficient to fund the periodic payment obligation it has assumed. The assignee owns the annuity contract and may either make payments directly to the Plaintiff/Claimant or may direct that the annuity issuer make the payments.

Alternatives for structured settlement

In case you received a structured settlement and wish to have the lump sum cash settlement instead, you can. Nowadays there are plenty of insurance companies or financial institutions that are willing to purchase a structured settlement. This means that structured settlement recipients can sell their settlement in exchange of a lump sum of instant cash.

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How to Get Cash For Structured Settlement

If you are a claimant in a tort suit for an injury and the payout is too high the defendant may offer you a structured settlement. This is a legal agreement between you, if you accept, and the defendant to pay you a certain sum of money over a period of time at regular intervals until the total amounts to a predetermined amount agreed by you and the defendant.

Your lawyer may advise you to accept on the grounds that the courts may take a long time to decide the case and when they did decide the amount to be compensated may be a lot lower than expected. The defendant on the other hand feels that your demand or claim could be easier met by paying you in installments. While at the time you may decide to take the structured settlement for fear of not getting the desired amount or whatever reason, later you may decide that you want a lump sum to meet certain requirements or just to get out of the settlement. Here you will need cash for a structured settlement.

The system is such that when you accept this settlement you enter into a contract to receive a sum of money over a period of time. The defendant is legally bound to pay you that sum according to the settlement. However, at some future time the defendant, or his insurance company (which is mostly the case) may offer you cash for structured settlement to get out of a long and binding contract or they may decide to pass the trouble on to a third party, which will continue to pay you your dues.

Likewise, if you need a lump sum of cash you are free to settle a deal where you can get cash for structured settlement. You may find it easy to search for a web site that deals in cash for settlement. These sites will find the highest bidder for your settlement and walk you through the deal taking care of all the legalities and fees involved.

However, before trying to sell your structured settlement, there are a few things to take into account. It has to be determined if the sale of the settlement is legal and what part of it can be cashed in. Some stated differ in their laws concerning this settlement. The claimant does not always have a choice when it comes to deciding on how much will be paid in lump sums and how much will be paid in annuities. Only the experts can work a way around these stipulations if it is possible legally.

A lawyer or a financial professional will usually be involved in determining the legalities and the consequences of getting cash for settlement. They will also be able to determine a reasonable price for the settlement. A lawyer will also be able to review the contract to ensure that you are completely protected from complications that may arise in the future after you get cash for structured settlement cases. So, stick with the experts and you will save money in the long term.

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Tax Free Annuities

People who work for non-profit and tax exempt organizations are just like any other employee in the sense that they also need to secure their future, especially during their retirement, by investing in insurance plans and retirement plans. However, these people are different from you and me because instead of the usual 401K plan that we contribute to, they contribute to a 403B plan, which is a retirement plan that is designed for employees of tax exempt organizations. Moreover, this kind of plan allows people to invest in an annuity, which can provide other benefits apart from providing a source of income during their retirement. This is because this kind of retirement plan is also a 'tax-free' type of annuity.

How does it work?

The other name for this kind of retirement plan is a tax-sheltered annuity whereby a fixed amount of money is deducted from you paycheck, prior to taxes, as contributions to the retirement plan. With this kind of annuity, the taxes on the earnings of the retirement plan are deferred up until the people who contribute to them decide to take money from it. This means that the investment on these retirement plans can grow much faster than a traditional savings account because the tax-free interest that the plan earns can accumulate over time, providing a higher income in retirement. This income would consist not only of the interest or the earnings that the retirement plan would earn but also the principal amount, which is also protected in this kind of annuity.

However, in recent years, tax-sheltered annuities have also been made available to people who do not work for tax-exempt organizations, allowing more people to reap the benefits of having the tax payments on their earnings from these investment plans deferred. If organizations are interested in setting up a tax-sheltered annuity for their employees, one of the best sources of information on them is the Internet, which can lead them to the different financial institutions that offer them.

In the same way that most people plan for their retirement by investing in retirement plans, people who work for tax-exempt organizations also do so to secure their future. For these people, the most common retirement plan that they invest in is the tax-sheltered annuity, which renders the earnings they get from the plan to be tax-free, given that tax payments on these earnings are deferred. Given this, people who work for tax-exempt organizations are now given the chance to grow their savings faster compared to investing money in other retirement plans.

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Who Will Handle Your Structured Settlement?

When it comes to selling your structured settlement, many people simply don't know where to turn for advice. Choosing the right specialty finance company to work with is an important decision, and one well worth investing a little time in. This process can be a bit overwhelming but don't let it be. A little homework will go a long way.

You want to try and find a company that has your best interest in mind, as well as offering you the best purchase deal.

It's advisable to use a specialty finance company. Many of these firms make this process very easy for you by matching you with the best possible financial institution to handle your settlement, and letting you decide how to proceed. This allows you the control you rightfully deserve.

Remember, this is your structured settlement and you have the right and desire to get the best possible deal for it. This is the very reason you'll want to do some homework prior to making your decision.

Another thing to keep in mind is that you'll probably be facing a few weeks before the actual deal is completed. This process does not happen overnight, where you're walking out with money in hand the same day. Beware of this, as you could be misled into thinking that you may be paid that very day or the next day. Nothing is impossible, but you have to ask questions and be aware of these issues.

Your structured settlement payments are 100% tax-free. Whether that makes this option appealing to you or not there is another issue you must consider.

If you decide to sell your structured settlement and get a big lump sum, it's crucial that you have a budget plan for how you will use the income.

Do not make the unfortunate and sad mistake of spending all of your money in a short time, only to find that you need further medical attention, or any other money needed circumstance that may arise, and find you're out of loot.

This could indeed be a huge blow to your financial well-being, and quite possibly cause irreversible damage to your credit and to your family in general.

Having a solid financial plan in place will assure you the best results down the road when it really matters most.

For Details on Companies that Purchase Structured Settlements.

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Tax Free Annuities

People who work for non-profit and tax exempt organizations are just like any other employee in the sense that they also need to secure their future, especially during their retirement, by investing in insurance plans and retirement plans. However, these people are different from you and me because instead of the usual 401K plan that we contribute to, they contribute to a 403B plan, which is a retirement plan that is designed for employees of tax exempt organizations. Moreover, this kind of plan allows people to invest in an annuity, which can provide other benefits apart from providing a source of income during their retirement. This is because this kind of retirement plan is also a 'tax-free' type of annuity.

How does it work?

The other name for this kind of retirement plan is a tax-sheltered annuity whereby a fixed amount of money is deducted from you paycheck, prior to taxes, as contributions to the retirement plan. With this kind of annuity, the taxes on the earnings of the retirement plan are deferred up until the people who contribute to them decide to take money from it. This means that the investment on these retirement plans can grow much faster than a traditional savings account because the tax-free interest that the plan earns can accumulate over time, providing a higher income in retirement. This income would consist not only of the interest or the earnings that the retirement plan would earn but also the principal amount, which is also protected in this kind of annuity.

However, in recent years, tax-sheltered annuities have also been made available to people who do not work for tax-exempt organizations, allowing more people to reap the benefits of having the tax payments on their earnings from these investment plans deferred. If organizations are interested in setting up a tax-sheltered annuity for their employees, one of the best sources of information on them is the Internet, which can lead them to the different financial institutions that offer them.

In the same way that most people plan for their retirement by investing in retirement plans, people who work for tax-exempt organizations also do so to secure their future. For these people, the most common retirement plan that they invest in is the tax-sheltered annuity, which renders the earnings they get from the plan to be tax-free, given that tax payments on these earnings are deferred. Given this, people who work for tax-exempt organizations are now given the chance to grow their savings faster compared to investing money in other retirement plans.

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How to Get Cash For Structured Settlement

If you are a claimant in a tort suit for an injury and the payout is too high the defendant may offer you a structured settlement. This is a legal agreement between you, if you accept, and the defendant to pay you a certain sum of money over a period of time at regular intervals until the total amounts to a predetermined amount agreed by you and the defendant.

Your lawyer may advise you to accept on the grounds that the courts may take a long time to decide the case and when they did decide the amount to be compensated may be a lot lower than expected. The defendant on the other hand feels that your demand or claim could be easier met by paying you in installments. While at the time you may decide to take the structured settlement for fear of not getting the desired amount or whatever reason, later you may decide that you want a lump sum to meet certain requirements or just to get out of the settlement. Here you will need cash for a structured settlement.

The system is such that when you accept this settlement you enter into a contract to receive a sum of money over a period of time. The defendant is legally bound to pay you that sum according to the settlement. However, at some future time the defendant, or his insurance company (which is mostly the case) may offer you cash for structured settlement to get out of a long and binding contract or they may decide to pass the trouble on to a third party, which will continue to pay you your dues.

Likewise, if you need a lump sum of cash you are free to settle a deal where you can get cash for structured settlement. You may find it easy to search for a web site that deals in cash for settlement. These sites will find the highest bidder for your settlement and walk you through the deal taking care of all the legalities and fees involved.

However, before trying to sell your structured settlement, there are a few things to take into account. It has to be determined if the sale of the settlement is legal and what part of it can be cashed in. Some stated differ in their laws concerning this settlement. The claimant does not always have a choice when it comes to deciding on how much will be paid in lump sums and how much will be paid in annuities. Only the experts can work a way around these stipulations if it is possible legally.

A lawyer or a financial professional will usually be involved in determining the legalities and the consequences of getting cash for settlement. They will also be able to determine a reasonable price for the settlement. A lawyer will also be able to review the contract to ensure that you are completely protected from complications that may arise in the future after you get cash for structured settlement cases. So, stick with the experts and you will save money in the long term.

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The Life Settlement Process

Life Settlements, also commonly referred to, as Life insurance Settlements are quickly becoming an exciting financial planning tool for seniors and the financial advisors who assist these seniors.

The initial process before determining if a settlement is available is meeting a few of the basic requirements. The types of insurance policies that can be considered for a life settlement are universal life, whole life, variable life, survivorship (any type), adjustable life, joint first to die, and term insurance (if convertible). It is also common practice for the insured to be over the age of 65.

The process begins with when the individual policyholder "cases" are submitted to a Life Settlement Broker or Company through a completed application and a HIPPA release form.

Policyholders will provide a current policy illustration, medical records, for the insured, as well as other documents that may be requested.

After a completed thorough evaluation of the policy, a potential life settlement value is determined for each individual case submitted. This evaluation includes a review of submitted medical records by an independent medical underwrite. A medical exam or physical is NOT required.

If the funding source is interested in purchasing the policy, an offer to purchase the policy is communicated to the policyholder's broker or financial advisor (Not all policies will qualify for a life settlement).

If the offer is accepted, closing documents are prepared and sent to the policy owner through their life settlement professional.

It is the policyholders chose if the want to accept or decline the offer. There is never any cost or obligation during the initial life settlement process. The settlement offer is determined on a case-by-case basis and evaluation of the policy is required before an offer can be made.

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Put Buying Strategies - Part 4

However, as a long-term investor, you are not normally concerned with short-term price change, so the strategy is best employed only when you believe your shares currently are overpriced, given the rate of price change and current market conditions. In this situation, using puts for insurance is speculative but may remain a prudent choice.

In the event the stock's market price rises, your potential losses are frozen at the level of the put's premium and no more. This occurs because as intrinsic value in the put declines, it is offset by a rise in the stock's market value. Whether you end up selling the put or exercising, downside protection establishes an acceptable level of loss in the form of insurance, and fixes that loss at the striking price of the put, at least for the duration of the put's life. This strategy is appropriate even when, as a long-term investor, you expect instability in the market in the short term.

Example: Damage Assessment: You recently bought 100 shares of stock at $60 per share. At the same time, you bought a put with a striking price of 60, paying 3. Your total investment is $6,300. Before making your purchase, you analyzed the potential profit and loss and concluded that your losses would probably not exceed 4.8 percent ($300 paid for the put, divided by $6,300, the total invested). You also concluded that an increase in the stock's market value of 3 points or less would not represent a profit at all, due to the investment in the put. So profits will not begin to accumulate until the stock's market value exceeds $63 per share.

The insurance strategy is also a powerful tool when you plan to sell stock within the next three years, and you are concerned about the potential for losses by that deadline. Insurance protects your value and ensures that, even if the stock's value declines dramatically, you will not lose by continuing to own the stock.

Example: A Wise Financial Planning Move: Several years ago you invested in 1,000 shares of stock and it has appreciated consistently over the years. You are planning to sell the stock in two years and use the funds as a down payment on a home. You don't want to sell the stock until it is needed, for several reasons. You will be taxed on profits in the year sold, so you want to defer that until the latest possible moment. In addition, you would prefer to continue earning dividends and, potentially, additional profits in the stock. But you also know the stock's value could fall.

The solution: Buy 10 puts to insure the value
Even a temporary decline would be serious because you will need those funds at a specific date in the futuree at the striking price. Select puts with expiration dates at or beyond your target date. This reduces your stock's value by the cost of the puts; but it also ensures that any in-the-money declines in the stock's price will be offset by gains in the puts' value.

In this case, the decision to use puts is not merely speculative; it is necessary to insure the stock's market value. A decline might be reversed within 6 to 12 months, but that could create a hardship if you have a specific date in mind to buy a house. The use of puts as insurance can be applied in many ways to protect capital invested in stocks. Even the best stocks can experience a price decline in cyclical markets. When you cannot afford even a temporary decline, puts can be used to lock in a striking price value.

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Put Buying Strategies - Part 4

However, as a long-term investor, you are not normally concerned with short-term price change, so the strategy is best employed only when you believe your shares currently are overpriced, given the rate of price change and current market conditions. In this situation, using puts for insurance is speculative but may remain a prudent choice.

In the event the stock's market price rises, your potential losses are frozen at the level of the put's premium and no more. This occurs because as intrinsic value in the put declines, it is offset by a rise in the stock's market value. Whether you end up selling the put or exercising, downside protection establishes an acceptable level of loss in the form of insurance, and fixes that loss at the striking price of the put, at least for the duration of the put's life. This strategy is appropriate even when, as a long-term investor, you expect instability in the market in the short term.

Example: Damage Assessment: You recently bought 100 shares of stock at $60 per share. At the same time, you bought a put with a striking price of 60, paying 3. Your total investment is $6,300. Before making your purchase, you analyzed the potential profit and loss and concluded that your losses would probably not exceed 4.8 percent ($300 paid for the put, divided by $6,300, the total invested). You also concluded that an increase in the stock's market value of 3 points or less would not represent a profit at all, due to the investment in the put. So profits will not begin to accumulate until the stock's market value exceeds $63 per share.

The insurance strategy is also a powerful tool when you plan to sell stock within the next three years, and you are concerned about the potential for losses by that deadline. Insurance protects your value and ensures that, even if the stock's value declines dramatically, you will not lose by continuing to own the stock.

Example: A Wise Financial Planning Move: Several years ago you invested in 1,000 shares of stock and it has appreciated consistently over the years. You are planning to sell the stock in two years and use the funds as a down payment on a home. You don't want to sell the stock until it is needed, for several reasons. You will be taxed on profits in the year sold, so you want to defer that until the latest possible moment. In addition, you would prefer to continue earning dividends and, potentially, additional profits in the stock. But you also know the stock's value could fall.

The solution: Buy 10 puts to insure the value
Even a temporary decline would be serious because you will need those funds at a specific date in the futuree at the striking price. Select puts with expiration dates at or beyond your target date. This reduces your stock's value by the cost of the puts; but it also ensures that any in-the-money declines in the stock's price will be offset by gains in the puts' value.

In this case, the decision to use puts is not merely speculative; it is necessary to insure the stock's market value. A decline might be reversed within 6 to 12 months, but that could create a hardship if you have a specific date in mind to buy a house. The use of puts as insurance can be applied in many ways to protect capital invested in stocks. Even the best stocks can experience a price decline in cyclical markets. When you cannot afford even a temporary decline, puts can be used to lock in a striking price value.

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How the Debt Settlement Process Has Evolved Into a Legitimate Debt Relief Tool For Consumers

Credit card debt has been troubling most people. The crises has been escalating since the recession and has been showing no signs of abating. The cycle of debt is a never ending and once a Credit card user gets into it he will find it very difficult to get out of debt. However the card debt scene has become very sensitive since the recession. The credit cards have always been instruments of fulfilling their desires for consumers. This led to the unprecedented boom in the US economy and the consumer culture. Now with the recession the bubble has burst and most people are looking for debt relief.

The world has been predicting the collapse of US economy. Uncontrolled credit has been stated as one of the main ills of the US economy. This became a bargaining point during the presidential elections. The Democrats had promised to inject a stimulus package to boost the US economy and help the debt ridden financial institutions. President Obama has fulfilled his promise and has infused the stimulus package. Parts of the spoils have gone to the Credit companies. Taking advantage of this package is the gist of benefits to credit users.

Most financial institutions have been given directions to cut down on their debt by the government. The credit card companies have set targets to cut down on the overall debt. In order to meet the targets they are offering debt settlements to the users. The debt settlement is basically a negotiation with the credit card users to cut down on the overall debt. The creditors stand to gain since they will be getting a lump sum payment from the credit card user. The debtor stands to benefit since up to 50 percent of the amount will be waived by the creditors. Most users must take advantage of debt settlements offered by stimulus money.

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Finding a Qualified Cash Flow Note Buyer to Sell Your Paper

A cash flow note buyer refers to a professional who will pay you a lump sum for all or a portion of any debt instrument you are currently holding. It could be a mortgage, a land contract, business note, structured settlement, lottery winnings or any number of other receivables. It's important to find a reputable, experienced note buyer in order to ensure you get what you deserve for your note.

Selling your note gives you immediate access to a large amount of cash, which can be used for investments, payments, or large purchases. You may be retiring, or perhaps you just don't want to have to wait for small payments month after month, year after year. Regardless of the reason, cash flow note buyers can provide this cash to you without the headaches and hassles of dealing with a bank or other lending institution.

Keep in mind you do have a number of options when it comes to selling your cash flow note. You can sell the entire instrument, which is very common, or you can sell just a portion of the payments. So if you have a $100,000 note you can choose to sell just $40,000 worth, and resume receiving monthly payments after that time period. You can also split the monthly payments each month, so you're taking a portion but selling the remainder. A good cash flow note buyer will spell out all the options available to you.

What determines how much your cash flow instrument is worth? The buyer will take many things into account when figuring out a quote, but the most important factors are the payment balance, interest rate, time left, value and the payor's financial stability (timeliness of payments, credit rating, etc.) Remember, the note buyer is assuming the risk, so they have to determine if it is worth it for them to make the investment. Obviously, the less risky the note, the more they will be able to offer you.

So what do you look for when it comes to selecting cash flow note buyers? Here are a few things to keep in mind:

1. Look for someone who has a lot of experience, someone who has been in the business for many years. He or she will be able to offer the most flexibility, competitive rates and selling options.

2. In most cases there should not be any consultation fees, points, closing costs or any other additional payments that you have to make. All of the associated costs should be included in the amount you are paid for your note.

3. Don't be afraid to ask a lot of questions. If you don't understand something or need a point clarified, speak up. This is an important transaction, and reputable cash flow note buyers will happily answer any questions you may have. Make sure they tell you all of your options, including partial and full sale possibilities.

4. When you have decided to proceed, get everything in writing. Make sure that everything you talked about is included, and make sure you understand all of the terms.

5. One of the most important things is feeling comfortable throughout the entire process. You will always make the best decisions when you are most at ease, so find a cash flow note buyer that you have a good rapport with.

No matter what type of financial instrument you are selling, there are cash flow note buyers out there that are willing to purchase them from you. Hopefully we've helped make it a little easier to find a good one!

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Popularity of Life Settlements Soaring

Once upon a time a life insurance policy had limited value for the insured. By limited value I mean he had only two options if he no longer had a need for the policy. He could let it lapse or cash it in. Either way, he lost money.

Thanks to an industry that has two names, Life Settlements or Viatical Settlements, a third option has been grafted onto the life insurance option tree. For purposes of this article, Life Settlements will be the term of choice.

Life Settlements affords seniors an opportunity to capitalize on their current life insurance policy in a new way. Rather than cashing in the policy with the original life insurance company, the insured sells the policy to a Settlement Provider who generally pays more than their insurance company.

As the word has spread about this industry, more and more people are selling their policies. The industry is tightly regulated in all but eleven of the states and even in these States the Settlement Provider is bound by contract law. Regulation has provided a safety net for people wishing to sell their policy.

Obviously people have their own personal reason for selling their life insurance policy. For example, medical bills, ongoing healthcare costs or long term care needs. The premiums may no longer be affordable or the beneficiary has predeceased the insured.

Some people use the money to fund better performing investments, pay all of their outstanding bills thereby deleting the drain on the retirement check. Some take that long put off vacation while others use the money to bequest beneficiaries. The insured wants the beneficiary to enjoy and/or utilize the money while the insured is still alive.

Since people are living longer, they are able to purchase a new policy, should they need one, that has lower premiums for their attained age and still use the sales proceeds to meet their wants, desires or needs. Living longer has extended the mortality table which in turn has lowered the premiums.

The object is to enhance their quality of life and because of Life Settlements they have an opportunity to enjoy and/or benefit from a policy that use to have very limited choices. Just because someone becomes a senior citizen doesn't mean the estate planning needs have disappeared.

Quite the contrary. It is in the golden years that estate planning, depending on the individual's circumstances, may be at its most important. Life Settlements offers the senior citizen the opportunity to make choices he or she didn't have when they first bought the policy.

For most people who sell their policy, this represents a peace of mind they wouldn't have enjoyed before the birth of the Life Settlements industry. Because they have friends in an almost similar situation they tell their friends and the friends contact a Life Settlements professional.

As you can imagine, the word of mouth phenomenon takes hold and the number of Life Settlements soars. After all, if you found gasoline selling for one dollar a gallon, wouldn't you tell your friends?

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Income Annuity Accounts For Guaranteed Payments

Consumers who need a guaranteed, stable monthly or yearly income will establish an immediate annuity account. Also know as an annuitization or an income annuity, these accounts provide a systematic payment for a specified period of time to the owner and the named beneficiaries. The payments will consist of principal and interest and continue for the term selected.

Several factors will determine the monthly payout including the annuitant's age and gender, amount invested, current interest rates, payout duration, and whether the owner(s) wants the payment to be adjusted for inflation.

Annuity Terms to Choose From

One of the first options to determine is the duration of the income stream. A client might only need income for ten years as part of a structured settlement or litigation award. In this case, an initial deposit can be calculated in order to determine a guaranteed monthly payment for ten years.

In other instances, clients will need guaranteed income for their lifetime. This is known as a life annuity and it is guaranteed to make payments for the life of the annuitant(s). Life annuities are often structured with a period certain to guarantee return of premium to the owner(s).

Life Annuity with Period Certain

For example, if a client owns a life annuity with a 20 year period certain then the income payment would be guaranteed for at least 20 years should the owner pass away prematurely. The remaining payments would transfer to the named beneficiary on the policy. insurance carriers will usually allow for a period certain of up to 50 years. However, the longer the selected period certain, the smaller the monthly payments will be.

A life annuity with no period certain will provide the largest monthly payment to the owner. This type of account is best for someone who needs maximum monthly income, but who is not concerned with providing benefits to a beneficiary.

Income Payments Adjusted for Inflation

Younger annuity owners may desire a payment that can be adjusted for inflation on a yearly basis. Most common are accounts that will increase monthly payments by a compounded rate of 3% or 5% year over year. Monthly payments in the first few years will be smaller than an income annuity without an inflation rider, but will increase substantially over time.

Income payments compounded at a desired percent take into account the time value of money. A $1000 monthly payment today will not buy $1000 worth of goods and services 20 years from now. Inflation protection allows consumers peace of mind as they grow older, especially if they have invested in a life annuity.

In summary, purchasing an annuity designed to take care of future needs will take careful consideration. Shopping for the best is just as important as selecting the term and inflation rider. With the help of an experienced agent, annuity income planning can be designed to provide for a lifetime's worth of needs. It is best to work with an agent who can provide quotes from several well rated carriers as payouts can differ significantly depending on the annuity parameters.
Learn more about income annuity accounts.

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Sell My Mortgage Note Or Sell My Real Estate Note FAQs

Many mortgage note or trust deed holders don't realize the options they have with their Mortgage Note or Deed of Trust. First of all, you can sell it for all cash. Secondly, you can sell part of the note or trust deed structuring the sale in a manner that accomplishes their specific goals. As I get a lot of questions about the process of selling a mortgage note or selling a trust deed, I have put together a list of Frequently Asked Questions that may help. Some answers may surprise you. (Please note that my answers are for our company and may not be true for some note buyers.) The FAQs and answers are as follows:

1. What are the advantages of selling an owner financed mortgage? - The two biggest advantages are a) Accessing the cash now for critical investments or expenses and b) Eliminating the hassles of managing the borrower's payments and reporting.

2. What are the criteria for how much I will receive for my private mortgage? There are 5 main factors. They are: Equity in the property, seasoning on the note, the interest rate on the note, the time left on the note and lastly the credit of the borrower.

3. Will an appraisal be necessary for me to sell my private note? Yes to determine the value of the security.

4. Will you need to check the buyer's credit? Yes, it is a very important factor in determining the lump sum payment for your private mortgage.

5. How long does it typically take to receive my lump sum payment for my owner financed mortgage note? Typically 1 to 2 weeks for our company. I can't speak for others.

6. Do I have to tell the buyer I'm selling the note? Yes. That's the law.

7. How can I be sure the mortgage note has a clause allowing me to sell it? Just look at the original note or we could look at it for you but every note I've seen allows for the sale of the note. It's standard in most mortgage agreements.

8. Can I sell my private mobile home mortgage? Yes, if it includes the land.

9. Can I sell a private mortgage on raw land? Yes, with or without improvements.

10. Can I sell a mortgage on a piece of commercial property? Yes.

11. What if I don't know the credit of the borrower that I gave an owner financed mortgage? You can ask for a quote based on your best estimate and adjust (up or down) the final payment after credit is pulled.

12. Can I sell a Land Contract? Yes

13. Can I sell a Deed of Trust? Yes.

14. I would like to sell my mortgage note payments for some extra cash but I am afraid of loosing all the monthly income? Not to worry. Some note buyers (including us) can make a partial purchase of your private note for just the amount you need.

15. Is there a minimum mortgage size for home note buyers to buy? Ours is $30,000.

16. Can I sell a condo mortgage note? Yes.

Finally, don't assume you can't get the cash you want from the sale of your mortgage note or trust deed. There are a number of ways to structure a note sale so as to accomplish your goals. Quotes are free from most legitimate note buyers.

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Sell My Mortgage Note Or Sell My Real Estate Note FAQs

Many mortgage note or trust deed holders don't realize the options they have with their Mortgage Note or Deed of Trust. First of all, you can sell it for all cash. Secondly, you can sell part of the note or trust deed structuring the sale in a manner that accomplishes their specific goals. As I get a lot of questions about the process of selling a mortgage note or selling a trust deed, I have put together a list of Frequently Asked Questions that may help. Some answers may surprise you. (Please note that my answers are for our company and may not be true for some note buyers.) The FAQs and answers are as follows:

1. What are the advantages of selling an owner financed mortgage? - The two biggest advantages are a) Accessing the cash now for critical investments or expenses and b) Eliminating the hassles of managing the borrower's payments and reporting.

2. What are the criteria for how much I will receive for my private mortgage? There are 5 main factors. They are: Equity in the property, seasoning on the note, the interest rate on the note, the time left on the note and lastly the credit of the borrower.

3. Will an appraisal be necessary for me to sell my private note? Yes to determine the value of the security.

4. Will you need to check the buyer's credit? Yes, it is a very important factor in determining the lump sum payment for your private mortgage.

5. How long does it typically take to receive my lump sum payment for my owner financed mortgage note? Typically 1 to 2 weeks for our company. I can't speak for others.

6. Do I have to tell the buyer I'm selling the note? Yes. That's the law.

7. How can I be sure the mortgage note has a clause allowing me to sell it? Just look at the original note or we could look at it for you but every note I've seen allows for the sale of the note. It's standard in most mortgage agreements.

8. Can I sell my private mobile home mortgage? Yes, if it includes the land.

9. Can I sell a private mortgage on raw land? Yes, with or without improvements.

10. Can I sell a mortgage on a piece of commercial property? Yes.

11. What if I don't know the credit of the borrower that I gave an owner financed mortgage? You can ask for a quote based on your best estimate and adjust (up or down) the final payment after credit is pulled.

12. Can I sell a Land Contract? Yes

13. Can I sell a Deed of Trust? Yes.

14. I would like to sell my mortgage note payments for some extra cash but I am afraid of loosing all the monthly income? Not to worry. Some note buyers (including us) can make a partial purchase of your private note for just the amount you need.

15. Is there a minimum mortgage size for home note buyers to buy? Ours is $30,000.

16. Can I sell a condo mortgage note? Yes.

Finally, don't assume you can't get the cash you want from the sale of your mortgage note or trust deed. There are a number of ways to structure a note sale so as to accomplish your goals. Quotes are free from most legitimate note buyers.

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Income Annuity Accounts For Guaranteed Payments

Consumers who need a guaranteed, stable monthly or yearly income will establish an immediate annuity account. Also know as an annuitization or an income annuity, these accounts provide a systematic payment for a specified period of time to the owner and the named beneficiaries. The payments will consist of principal and interest and continue for the term selected.

Several factors will determine the monthly payout including the annuitant's age and gender, amount invested, current interest rates, payout duration, and whether the owner(s) wants the payment to be adjusted for inflation.

Annuity Terms to Choose From

One of the first options to determine is the duration of the income stream. A client might only need income for ten years as part of a structured settlement or litigation award. In this case, an initial deposit can be calculated in order to determine a guaranteed monthly payment for ten years.

In other instances, clients will need guaranteed income for their lifetime. This is known as a life annuity and it is guaranteed to make payments for the life of the annuitant(s). Life annuities are often structured with a period certain to guarantee return of premium to the owner(s).

Life Annuity with Period Certain

For example, if a client owns a life annuity with a 20 year period certain then the income payment would be guaranteed for at least 20 years should the owner pass away prematurely. The remaining payments would be transferred to the recipient indicated on the policy. insurance companies will provide a rule for a certain period of up to 50 years. However, the longer the period required some, the lowest monthly payments.

An annuity, at no time will be the largest monthly payment to the owner. This type of account is best for those who need a maximum monthly income, but that is not with the provision of services to an interestedbeneficiary.

Income Payments Adjusted for Inflation

Younger annuity owners may desire a payment that can be adjusted for inflation on a yearly basis. Most common are accounts that will increase monthly payments by a compounded rate of 3% or 5% year over year. Monthly payments in the first few years will be smaller than an income annuity without an inflation rider, but will increase substantially over time.

Income payments compounded at a desired percent take into Account the value of money over time. Payment $ 1000 per month can not buy today, worth $ 1000 in goods and services 20 years ago. Inflation protection can be reassured consumers when they get older, especially if they have invested in an annuity grow.

In conclusion, the purchase of an annuity for the care of future needs to take control. Shopping for the best is as important as the choice of the term and the driver of inflation. With the help of an experienced agent, annuities --income planning can be designed to provide for a lifetime's worth of needs. It is best to work with an agent who can provide quotes from several well rated carriers as payouts can differ significantly depending on the annuity parameters.
Learn more about income annuity accounts.

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Popularity of Life Settlements Soaring

Once upon a time a life insurance policy had limited value for the insured. By limited value I mean he had only two options if he no longer had a need for the policy. He could let it lapse or cash it in. Either way, he lost money.

Thanks to an industry that has two names, Life Settlements or Viatical Settlements, a third option has been grafted onto the life insurance option tree. For purposes of this article, Life Settlements will be the term of choice.

Life Settlements affords seniors an opportunity to capitalize on their current life insurance policy in a new way. Rather than cashing in the policy with the original life insurance company, the insured sells the policy to a Settlement Provider who generally pays more than their insurance company.

As the word has spread about this industry, more and more people are selling their policies. The industry is tightly regulated in all but eleven of the states and even in these States the Settlement Provider is bound by contract law. Regulation has provided a safety net for people wishing to sell their policy.

Obviously people have their own personal reason for selling their life insurance policy. For example, medical bills, ongoing healthcare costs or long term care needs. The premiums may no longer be affordable or the beneficiary has predeceased the insured.

Some people use the money to fund better performing investments, pay all of their outstanding bills thereby deleting the drain on the retirement check. Some take that long put off vacation while others use the money to bequest beneficiaries. The insured wants the beneficiary to enjoy and/or utilize the money while the insured is still alive.

Since people are living longer, they are able to purchase a new policy, should they need one, that has lower premiums for their attained age and still use the sales proceeds to meet their wants, desires or needs. Living longer has extended the mortality table which in turn has lowered the premiums.

The object is to enhance their quality of life and because of Life Settlements they have an opportunity to enjoy and/or benefit from a policy that use to have very limited choices. Just because someone becomes a senior citizen doesn't mean the estate planning needs have disappeared.

Quite the contrary. It is in the golden years that estate planning, depending on the individual's circumstances, may be at its most important. Life Settlements offers the senior citizen the opportunity to make choices he or she didn't have when they first bought the policy.

For most people who sell their policy, this represents a peace of mind they wouldn't have enjoyed before the birth of the Life Settlements industry. Because they have friends in an almost similar situation they tell their friends and the friends contact a Life Settlements professional.

As you can imagine, the word of mouth phenomenon takes hold and the number of Life Settlements soars. After all, if you found gasoline selling for one dollar a gallon, wouldn't you tell your friends?

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Finding a Qualified Cash Flow Note Buyer to Sell Your Paper

A cash flow note buyer refers to a professional who will pay you a lump sum for all or a portion of any debt instrument you are currently holding. It could be a mortgage, a land contract, business note, structured settlement, lottery winnings or any number of other receivables. It's important to find a reputable, experienced note buyer in order to ensure you get what you deserve for your note.

Selling your note gives you immediate access to a large amount of cash, which can be used for investments, payments, or large purchases. You may be retiring, or perhaps you just don't want to have to wait for small payments month after month, year after year. Regardless of the reason, cash flow note buyers can provide this cash to you without the headaches and hassles of dealing with a bank or other lending institution.

Keep in mind you do have a number of options when it comes to selling your cash flow note. You can sell the entire instrument, which is very common, or you can sell just a portion of the payments. So if you have a $100,000 note you can choose to sell just $40,000 worth, and resume receiving monthly payments after that time period. You can also split the monthly payments each month, so you're taking a portion but selling the remainder. A good cash flow note buyer will spell out all the options available to you.

What determines how much your cash flow instrument is worth? The buyer will take many things into account when figuring out a quote, but the most important factors are the payment balance, interest rate, time left, value and the payor's financial stability (timeliness of payments, credit rating, etc.) Remember, the note buyer is assuming the risk, so they have to determine if it is worth it for them to make the investment. Obviously, the less risky the note, the more they will be able to offer you.

So what do you look for when it comes to selecting cash flow note buyers? Here are a few things to keep in mind:

1. Look for someone who has a lot of experience, someone who has been in the business for many years. He or she will be able to offer the most flexibility, competitive rates and selling options.

2. In most cases there should not be any consultation fees, points, closing costs or any other additional payments that you have to make. All of the associated costs should be included in the amount you are paid for your note.

3. Don't be afraid to ask a lot of questions. If you don't understand something or need a point clarified, speak up. This is an important transaction, and reputable cash flow note buyers will happily answer any questions you may have. Make sure they tell you all of your options, including partial and full sale possibilities.

4. When you have decided to proceed, get everything in writing. Make sure that everything you talked about is included, and make sure you understand all of the terms.

5. One of the most important things is feeling comfortable throughout the entire process. You will always make the best decisions when you are most at ease, so find a cash flow note buyer that you have a good rapport with.

No matter what type of financial instrument you are selling, there are cash flow note buyers out there that are willing to purchase them from you. Hopefully we've helped make it a little easier to find a good one!

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