We pay cash for your mortgage or other real estate contract!
Serving southern New Mexico
The Front PageInformation for Property SellersInformation for Real Estate DevelopersGet Paid for Making Referrals!Meet Terry Prueit, President of Cash for Contracts, Inc.Contact us with your requests, questions, or comments.Find Your Way Around Our Site

Real Estate Development Financing Policies

Sell Your Contracts!
Privacy Policy

If you have a subdivision, we recommend that you have a uniform policy for financing. Different sizes or qualities of lots can be priced differently, but you should consider offering the same down payment, interest rate, and terms to everyone. Otherwise, the first buyers could become offended, and that certainly must be avoided. They are often your best source of referrals for other buyers.

If the contracts are all alike, it will be easier for you to predict how much each contract will be worth if you decide to sell them. One concern which paper buyers (like us) have is taking repossessions and then having to compete with the developer to resell the properties. We are usually farther away from the project and don't have a major marketing plan in place, among other problems. It usually works better for both of us if you will take the repossessions in exchange for other performing paper. This way we don't have to compete with you while you are in the middle of a project.

Financing Policies
Go!Writing Good Real Estate Contracts
Why Use Seller Financing?
Ten Common Mistakes in Real Estate Contracts
Real Estate Contracts vs. Notes and Mortgages