- This was posted on April 22, 2009

In the last post I talked about a recent decision that my husband and I made to leave our neighborhood – an area that had been great for us for quite awhile but that we had now outgrown. We wanted a fresh start with our kids and had looked at a variety of areas that could be possibilities for us in this new venture. But the economy has been tough on the real estate market and housing prices have gone down. We realized pretty quickly that we were looking at quite a substantial sum of money to even make the move. We would be able to buy more house for our money on the other end which was a plus, but we needed cash on hand to finance this big move. So we decided to sell annuity payments.

The structured settlement payments that we had been receiving came from a personal injury settlement we received a few years back. The money was in an annuity and came in payments on a monthly basis – which had been more than helpful for sure. But in deciding to sell annuity payments we could cash in future payments to a buyer and get the cash we needed to make our move with financial confidence.

From there it was just a matter of finding a buyer of structured settlement annuity payments; a purchasing company that gives sellers cash up front for the number of payments they wish to sell. The seller then has the cash they need and the buyer then takes ownership of the payments that will come in the future.

By deciding to sell annuity payments we could make the move we wanted to make without worrying and put our structured settlement annuity payments to the best use – giving our family a fresh start in a new neighborhood.

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