If the seller needs immediate cash from the loan they just created with a "note" the seller can sell the monthly "note" payments to a specialist buyer for a lump sum of cash. When the seller finds someone that wants to buy the payments, now they can "have their cash and spend it too!"
So this is how a note sequence should go down.
#1: A seller finance option can be used to find unique customers willing to buy a house or property at a higher price than would have been possible otherwise. Their job or credit score should be helpful in making this decision and it completes the real estate transaction quickly.
#2: Decide on the terms of the deal and create the "note." Use a Real Estate Lawyer to draw up the necessary paperwork.
#3: If the property seller needs immediate cash for any reason, they can resell their new incoming payment stream for cash. The person who buys the future payments from the seller provides the funding and every party involved in the deal is happy.
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