The Power of Paper - Chicago June 17th

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The secrets of seller financing & the business of notes with W. Eddie Speed. You will be amazed before you’re halfway through with this powerful full day workshop which will take place at the Wyndam Drake, Oak Brook. This is a one-time, limited attendance, special opportunity to meet a true pro in the note business.

Seller financing may not seem like a very glamorous topic at first glance, but it is an extremely powerful too that can be used to close deals faster, sell hard-to-place properties, and finance borrowers that don’t meet institutional criteria. You’re in a business, and at the end of the day it’s about moving inventory—even if your inventory happens to be your properties. In addition, seller financing is a great way to create a hassle-free income stream from real estate without having to own, insure, and maintain property or manage tenants. You can see that in the legal and financial sense, seller financing can be a very glamorous topic indeed, and there’s nobody better in the country to teach you the seller financing, or note business than Eddie Speed.

Eddie Speed is the President of Colonial Funding Group, LLC in Southlake, TX. With his help you will learn to create incredible returns for yourself while you add options for moving even your most challenging inventory. Eddie will take you through all the ins and outs of this powerful way to build wealth including homework before the sale, structuring during the sale, and preventing default after the sale. In addition, you'll be walked through common sense, proven underwriting, servicing, and collection methods along with regulatory/statutory ramifications of servicing in your capacity as a lender.

You will complete The Power of Paper: Secrets of seller financing and the business of notes ready to:

Qualify and gain a comfort level with the buyer prior to the sale by obtaining as much information about the buyer as possible in order to ascertain their ability to make payments and honor all other covenants of the loan documents now and in the future
Structure the sale and resulting note and security document in a way that is legal, provides the most protection, flexibility and marketability and facilitates an exit strategy for the seller in the event of changing circumstances;
Develop a system that will provide organization and detailed and accurate records relating to the loan and the borrower.
Understand and comply with all legal obligations of a seller/lender under the note and security document, as well as applicable State and Federal statutes.

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