In the last post I spoke about our experience in the current real estate market and how we had found a house that we simply loved. Scrambling to make an offer, we quickly got our house on the market. We thought that would be the toughest part of the process – to get our house sold in time to close on the other house; but it turned out that it was the least of our concerns. As our mortgage broker explained, the fact that I was self employed would be a problem in terms of our application and, in fact, he was recommending that my husband apply for the mortgage loan on his own as his credit was excellent and he had been employed with the same company for some time.

The only issue was that we had to somehow decrease our debt to income ratio in order for him to be approved for a mortgage on one salary; and to do that we needed to pay off our credit cards and even our car loans. In order to come up with the lump sum of cash that we needed to pull this off we decided to sell annuity payments from the money we had been receiving monthly from a structured settlement arrangement. I had received money from a personal injury case and the money was put into an annuity, after which I began to receive payments month to month. I thought that was the extent of it; but it turns out that you can sell annuity payments – as many as you need to sell – in order to accrue a lump sum of cash like what we needed.

I worked with a great buyer of structured settlement annuity that helped me determine the exact number of payments that I needed to sell in order to come up with the amount we needed to pay all of our debt. In the end, I sold that exact number of payments, the ownership of which go to the buyer after which payments following that revert back to me.

We were able to pay everything off, reduce our debt to income ratio, and get approved for a mortgage loan. We move into our new home – our dream home – next month and we couldn’t be happier.

Popularity: 14% [?]

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Six months ago my husband and I found our dream house. The timing was not at all perfect; our house wasn’t even on the market and we were only just considering selling. But – wanting to get an idea of what was out there in terms of real estate and prices – we starting looking at real estate ads. And there it was; the house that had been in my dreams for years. It was everything that we wanted and we knew it was ours. Within three days we had our home on the market and had made an offer on the other house.

But it got tricky after that. We had very little time to sell our home in order to be able to close on the other one and we just couldn’t carry two mortgages. Then, out of nowhere our mortgage person called and said that we were going to have to apply for the mortgage through my husband only; the fact that I was self-employed, he said, was going to be next to impossible to push through a mortgage qualification (this was when the economy started turning and lenders began to really restrict their qualifications; self-employment was suddenly a dirty word).

While my husband could qualify for the mortgage on his own, he would have to first decrease his debt to income ratio and the mortgage processor suggested paying off our cars and our one credit card. Which is when we decided to sell annuity payments.

We had been receiving annuity payments as a part of the structured settlement deal that I had gotten several years previous; it was money that I had been awarded in a personal injury case and that had been put into an annuity and from which we received a payment every month. But now I could sell annuity payments and come up the cash we needed to pay everything off and get our house. I’ll tell you what happened next in the upcoming post.

Popularity: 14% [?]

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For so many of us right now our financial world has been turned topsy-turvy. We have experienced dramatic loses in our retirement savings and even educational savings that we have created for our children and, while we know that there is time for rebound (if we are lucky enough to be far enough away from those events to recoup our gains), we are left with a bitter taste in our mouth about working, saving, and finding comfort in plans made.

Right now it just feels a whole lot safer to be buckling down and living with less; simplifying our lives and waiting out the economy. And for many people this type of living is reflected in living debt-free. What a feeling it must be to simply pay off all that we owe in credit card debt, car loans, and so forth; to know that while we may not have extra money we don’t owe anyone anything either.

The decision to sell annuity payments, therefore, is often a natural one for those who desire to pay off debt once and for all in order to have greater peace of mind in the months ahead. In order to be in a position to sell annuity payments you need to be receiving annuity payments from a structured settlement – a financial arrangement set in motion by the courts and meant to provide equal installments of settlement money to those who have been awarded a financial sum in a personal injury case.

The money in this case is put into an annuity and payments are made accordingly. And while this situation often works for recipients – as a supplement to their cash flow – it can be limiting when it comes to paying off debt. In such a situation the recipient can sell annuity payments to a buyer of structured settlement annuity who will give the seller cash for the number of payments sold.

With this type of money in hand, sellers can completely eliminate debt and hunker down in the months ahead.

Popularity: 17% [?]

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It may be January but you can bet that most of the country already has its sights set on spring. We are over the cold temperatures, icy conditions, and dark skies and ready for the lift that spring gives us both physically and emotionally. It’s not surprising that the real estate market experiences a lift in the spring as well; people are ready to get out there and look at houses; and those who are hoping to sell can spruce up their homes which always seem to just look better in the spring.

If you are one of those homeowners who are looking to get your home on the market come the spring then you are undoubtedly beginning your preparation now in terms of getting your house together and doing the renovations and redecoration that will hopefully reward you with a quick sell and good profit. You would think that selling a house would only mean money in your pocket but it’s just not the case; there are costs associated with selling and renovation is one of them. In order to come up with the money needed today – in time to get all the work done on your home that you want so you can get it on the market – those who receive payments from a structured settlement may decide to sell annuity payments.

The way in which is works is this: structured settlements are nothing more than payment plans for a sum of money that is due a claimant in a personal injury case. The money is deposited into an annuity and the recipient then receives payments on a schedule (i.e. monthly). If the recipient chooses to sell annuity payments, however, they can trade future payments for cash today.

A buyer of structured settlement annuity – the entity that purchases the payments being sold – gives the seller cash and they then collect the future payments instead of the original recipient. While most do not sell the entirety of their structured settlement, they may very well sell the number of payments that they need to tackle home renovations in time for the spring.

Popularity: 13% [?]

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Going to college is never easy but right now – for those who are coming up with tuition payments for their children out of pocket – times are especially tough. It is often difficult to get school loans; if you make a certain amount of money you are often not likely to qualify. Yet, what is not taken into account is the situation that so many of us face; every dollar that we make goes right out the door towards our own living expenses and oftentimes there is simply nothing left afterwards. For good reason, therefore, many people take out second mortgages on their home in order to pay for their children’s education; but right now, with lending so difficult to qualify for, there are fewer options than ever.

With the spring semester about to begin at most colleges and universities – if it has not already – many people may find themselves in the difficult position of not knowing how they will pay for school. A lot has changed since payment was made for the fall semester; in the last several months the economy has taken a downward turn so significant that it has stopped many businesses in their tracks and people are suffering financially nationwide.

Another option for making college payments is the decision to sell annuity payments for those who have received a structured settlement. Structured settlements – awarded by court decision in a personal injury case – yield scheduled payments that originate from an annuity. If the person who receives the payments decides to sell annuity payments they are not selling the entirety of their structured settlement, but rather the number of payments that will give them the money they need at the present time.

In the situation where a recipient needs money to pay for college tuition, they would sell the number of future payments that would equal the money they need now; a buyer of structured settlement annuity purchases these future payments and gives the seller present day cash in exchange.

Popularity: 14% [?]

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It is a sad state of affairs to say that there are few of us in this particular time period that do not know of someone who has lost their job due to the economy; many of us have even lost our own jobs or have watched our spouses or those close to us suddenly find themselves out of work. These are undoubtedly scary times; and the pressure to stay on track with bills and limit spending is enormous. There are many of us for whom one month without a paycheck would render our household financially bereft and unable to recover anytime soon.

So it’s unsurprising that so many of us are making very pointed decisions regarding our finances – setting out a plan that will enable us to take the pressure off and survive with confidence even when the unexpected happens to us or around us. For some people, these financial plans include the decision to sell annuity payments; something that those who have received structured settlements may decide to do in order to generate a lump sum of money.

Structured settlements are a product of personal injury cases in which a claimant or several claimants are awarded money. Those of us who have never been involved in such a process would typically assume that anyone who is awarded money in such a case would simply be given the money all at once. But this is often not the case; rather, often enough the claimant is given a structured settlement in which the money is deposited into an annuity fund and equal payments are made from the annuity according to a schedule.

When a structured settlement recipient decides to sell annuity payments they choose how many payments they want to sell – dependent on the amount of money they wish to accrue. Then, working with a buyer of structured settlement annuity, the seller is able to hand off the right to receive the number of payments sold – as they are distributed in the future – and the seller gets their money today. The hope, in this chilly economic climate, is that such a lump sum of money will allow sellers to take the financial pressure off themselves and their families and weather whatever lies ahead.

Popularity: 12% [?]

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Getting into someone’s financial space is a difficult thing to do. Things are not always what they seem; meaning that while it may look as though someone has it all together economically speaking they may be fighting the very same battles that so many of us face – the battle to pay bills on time, manage debt that is quickly becoming overwhelming, and meet house payments with room to spare. It is a battle that unfortunately too many of us wage on a daily basis; it would be surprising to many of us how many of our friends and neighbors are in the same financial boat.

Many of us may associate annuity payments with the payments that originate from lottery winnings; in the dream that we have of winning we are asked if we would like a lump sum payout or an annuity – which means that we receive payments on a scheduled basis from an annuity that holds the money.

Annuities hold money for a number of reasons including a structured settlement. A structured settlement is arranged when a claimant is given money as a result of a personal injury case. The money is placed in an annuity and payments are made to the claimant on a scheduled basis. While surely many of us would think that it would be great to receive an extra source of income on a regular basis, the truth is that in some cases those payments pale in the face of the debt that the recipient is dealing with or the daily expenses that are suffocating them in this economy. And in such a case they may forgo a particular number of payments and instead choose to receive the sum of those payments all at once; something that they can do if they sell annuity payments.

When a structured settlement recipient chooses to sell annuity payment they work with a buyer of structured settlement annuity. The number of payments that will be offered for sale is determined (based on the total amount of money that the seller desires to accrue) and the buyer gives them that lump sum in exchange for the right to receive the purchased payments when they are distributed. This choice to sell annuity payments may be done in response to growing debt, medical bills, a loss of a job, a salary reduction or any number of other financial situations that arise for any of us.

Popularity: 15% [?]

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Owning a home comes with enormous responsibility – financial and otherwise. Most homeowners – at one time or another – have surely found themselves in a position where they have fallen behind in their mortgage payments and are struggling to get caught up again. We never go into a home thinking that we will always have difficulty making payments. Most often it’s difficult in the beginning, especially for first time homeowners who are just starting out in their careers and were perhaps previously unrealistic about the many expenses that are attached to owning a home. But we expect the payments to get easier and in most cases they do. But most everyone hits a rough patch at one time or another, when making mortgage payments becomes difficult; in the blink of an eye we can find ourselves behind in our payments and find ourselves wondering how we are going to make it through this time in our lives. It is enormously stressful.

Those who receive structured settlement payments however can choose to sell annuity payments in order to come up with the cash necessary to meet present financial needs.

The process to sell annuity payments, in fact, is much less complicated than many people may believe. Structured settlements are awarded by the courts; they are the alternative to giving a claimant who is awarded money in a personal injury case a lump sum all at once. Instead, an annuity is opened and the money is deposited into the annuity; scheduled payments are then made to the claimant from the annuity. This is known as a structured settlement.

The recipient of these payments cannot sell their structured settlement but they can sell their payments. So in the case where they may be behind in mortgage payments they can sell the number of upcoming annuity payments necessary to come up the cash they need to make back payments. In order to sell annuity payments a seller must work with a buyer of structured settlement annuity payments – a reputable purchasing company that has experience handling such matters.

Popularity: 12% [?]

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We could all use a little bit of relief these days – in the financial arena to be sure. There are few places that have not been reached by the economic downshift and few people who have not been affected in some manner. In most instances the economy has caused all of us to react in our own way and make whatever accommodations we have to make in order to see ourselves and our families through the tough times.

But when debt is piled on your back, mortgage payments are staggering, property tax is unseemly, school loans are due, car payments have to be made, health insurance keeps climbing in cost, and utilities are through the roof, there never seems to be anywhere to turn in order to find relief. But if you receive a structured settlement payment, a buyer of structured settlement annuity may be able to offer you the financial relief that can change your current circumstances.

A buyer of structured settlement annuity refers to a purchasing company – a company that buys future annuity payments in exchange for a cash offering at the present time. Those who have received structured settlements – financial arrangements that typically follow a personal injury case cash award – they are receiving the money awarded to them in court through an equal installment, scheduled payout that is made from an annuity. If they should decide to sell annuity payments – as many are in this current economic climate as a way to accrue a lump sum of money to meet financial obligations – they work with such a purchasing company.

A seller decides how many payments they wish to sell and the buyer of structured settlement annuity give the seller the cash value today in exchange for the ownership to receive those sold payments as they are made from the annuity in the future. Such a transaction can bring enormous financial relief to those who are facing mounting bills and dwindling options.

Popularity: 14% [?]

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In the last post I talked about how I had been receiving annuity payments as a part of my structured settlement for the last several years. These payments – sent to me in equal installments on a monthly basis – had seen my family through many difficult times by providing an extra source of household revenue. But up until recently I thought that these payments were my only option in collecting the money that had been awarded to me; until I faced a situation where I learned differently.

Faced with my husband’s layoff from his job, an economy that made a job hunt ever more difficult, inadequate health insurance, and staggering medical bills due to a surgery that I had undergone, we were in a desperate financial situation with no hope in sight. But that’s when I looked into the process to sell annuity payments; a way to come up with a lump sum of cash to not only wipe out our debt but fund our household living expenses while my husband found another job and we got back on our feet.

When you sell annuity payments you are essentially trading future annuity payments (as many as you need or want to sell) for cash today. I worked with a buyer of structured settlement annuity payments – a reputable purchasing company I found after intensive research (it’s important to work with only highly regarded companies with history in the industry). The purchasing company bought a number of my future annuity payments and gave me the cash. Now instead of me receiving those payments that I sold, the buyer of structured settlement annuity will receive them. Once the sold payments have been paid out to the purchasing company the payments will revert back to me. Honestly, had I not made the decision to sell annuity payments I don’t know what would have happened to my family; but with that money in hand we were able to get back on our feet.

Popularity: 15% [?]

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