Justin Morgan- Seller Finance Consultant

Zions National Park- The Morgan Fam.

For memorial weekend we jumped in the car and headed from St. George 1 hr North to Zions National Park. After parking and boarding a shuttle we unloaded and started our journey to Emerald Pools. Shayley our 2 year old walked the paved trail most the way (I can NOT say the same for our little man Austin). The trail was easy and just beautiful.

We continued our loop on The Grotto trail for a total of just over 2.5 miles. The views are amazing, the river is beautiful, and the kids did wonderful.

At The Zions Logde we bought ice cream cones (motivation for the kids to stay happy). It was perfect. Austin starting singing a new song "we hike to go get Ice Cream". Not likely to be a hit, but it was cute.

Visit my FACEBOOK for MEMORIAL DAY PICTURES at ZIONS.

Seller Financing in St. George Utah

Selling a house can be a frustrating process and getting the sales price you want can even be more frustrating. By recognizing that today's market has millions of people that can not get traditional financing you open the doors to new possibilities and new potential buyers. Utilitizing seller financing you can capture a large part of the market that is unable to find traditional loans. You can expect a higher than normal price for your house, even if there are short sales or foreclosures near by.

If you have not considered seller financing it is not a surprise, most sellers and buyers are not aware of the benifits...

Benifits for the buyer.

Benifits for the sellers.

Also understanding that most real estate agents only know real estate as it has exsisted the last 5-10 years will help you understand why very few share the great news about seller financing. If you're considering Seller Financing in St. George Utah, contact a knowledgable Realtor to see if seller financing is right for you.

Southern Utah Investing

Right now YOU as an Investor have the opportunity to invest in the investment of a life time, secured by real estate, with a tenants that acts like a Home owner with a HUGE down payment.

Buy Brand New at a huge discount and sell to an end buyer using seller financing. Buyers are coming out of the woodwork (no-pun) for Seller Financing… demand is through the roof (no-pun). I am having too much fun!!

So here is the deal…. A very busy local builder (Salisbury Homes) is building Brand New Homes and buyers want them. These homes are being built for pennies because of bank owned lots Salisbury has acquired. Salisbury has a great product on great lots in great communities with TONS of upside growth.

Here is how it works.

This week I have been approached (as an investor) far too many times… and it is time to share the love. The buyers want me to buy these homes seller finance back to the buyers that can’t can get a conventional loan. These Buyers have HUGE down payments and great monthly income… but some bruises on their credit.

Example:

First buyer this week is Canadian and would like to buy her kids (an attorney) a home. If your asking why the attorney can not get a loan it is because of a short sale on the attorney’s credit. The market tanked in another state, he got a job in Utah and they had to sell their home in a Short Sale to move. So Mom the Canadian wants to help out and has $70k (28%) as a down payment on a home. Because of the way Canada does loans Mom (the Canadian) can only qualify for 50% loan to value.

This is how this would play out.

You the buyer (investor) buys the home with a contract in place for the end buyer to buy from you. You put down 20% (conventional financing for investor loans) and fund the deal. The end buyers give you 28% down as the down payment and working together we agree to a monthly payment ($1,350-$1500).

The deal is amortized over 30 years, but the “note” is good for 24-60 months. You get to set the term.

What this means for the buyer is they get the house in their name (All Inclusive Trust Deed), but must refinance inside “the term” (24-60 months). As security for you, you get the down payment from them ($25k-$75k). In this case $70k. Plus a small cash flow.

In this amazing situation you literally can buy a house and put 8% of the purchase price in cash in your pocket. The risk is the “end buyer” never refinancies the home into their name. They loose their down payment and you get the home back.

What has been created is a win, win, win. The buyer gets the home. You get KILLER tenants, down payment, brand new home, and cash flow.

I represent you as your Real Estate Agent. Give me a call, I would love to share more of the exciting details and why this works so well.

Southern Utah IronMan- Saturday, May 7, 2011

Spring is upon us again and the week ahead looks like a great preparation week for the St. George IronMan Triathlon. Saturday is predicted to be in the mid 80’s.

If you are in the area clear the schedule, grab some drinks and enjoy the event. I am personally amazed at these athletes and the task they undergo to compete in a very grueling all day race. The event will consist of 2.4 mile swim / 112 mile bike / 26.2 mile run. I get tired just thinking about it.

The event will cover many of the great areas of St. George including Sand Hollow Reservoir, Down Town St. George, Snow Canyon, and Red Cliffs Desert Reserve. Just part of many of the great places in St. George

If you are available to help support the competitors contact my buddy Jeremy Larkin… www.gostgeorge.com.

For more information about the event: http://ironmanstgeorge.com/

Hope to see you there!!!

This past Friday evening and Saturday morning I had the opportunity (dare I call it such) to serve in the community (St. George Utah) and help a family move.

Under almost ANY situation moving is NO FUN AT ALL. I can imagine it was no different for this family- Dad, Mom, and 4 kids. Unfortunately this family was moving because the home (their home) had been foreclosed on and they are now forced to move. Shame on me for not knowing this earlier and being in a position to help. I do not know all the details of the their story, but this we know. The family had been “trying” to work with “the bank” on a loan modification for the past while and then “the bank” foreclosed on them. This VERY similar story is being repeated over and over again being told by families that are forced to move.

I understand there are always two sides of the story, but something has become very clear to me over the last year. The definition of “the bank” has MANY different definitions.

For this family it could have been “the bank”- Loan Modification Department. Lets remember this is VERY different from “the bank”- Loss Mitigation or Loss Prevention Department. And VERY different from “the bank” that has your car loan.

Often times, most the time, these departments at “the bank” DO NOT TALK TO EACH OTHER. I want to make sure that is clear. It has been my experience that when talking to “the bank” make sure you are covering your bases and talk to ALL PARTIES that need to be updated on your situation.

Now in most cases Loan Modifications are NOT going all that well for the home owner... so as the home owner you need to have a good Realtor, Attorney, and CPA talking with you to avoid the HUGE misfortune of getting hit with a foreclosure.

This situation like MANY might have been avoided when the home owner takes the time to talk to professionals. Sad day for this family.

We can not save them all, but we can help and educate many.

Disclaimer:

The opinions in this article are the opinions of Justin Morgan. Justin is not an attorney or CPA and as such advises you to seek Legal Council as needed.

IMPORTANT NOTICE:

If you are considering doing a Short Sale or interpret anything from Justin Morgan as short sale advise. Please be advised neither Justin Morgan or Keller Williams Realty is associated with the government, and our service is not approved by the government or your lender. Even if you accept advise, consulting, or counseling from us and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

This article and information is COPYRIGHTED by Justin Morgan Real Estate Group. Any unauthorized use, modification, copying, or distribution without written consent is prohibited. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY INFORMATION OR OPINIONS SHARED BY JUSTIN MORGAN. IF YOU DESIRE SPECIFIC LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.

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