- This was posted on March 29, 2009

In the last post we talked about the current economy and about how so many homeowners are trying to make the decision between trying to get out of their current mortgage and staying where they are until the real estate market – as well as the economy as a whole – improves. Let’s face it; it may be a necessity for a homeowner to find a way out of their current situation. But those who are more concerned about trying to compete on the market only to have to take a huge loss on their home may choose to stay where they are and get by as best as they can.

This decision will require capital and one of the options available – as we discussed – to those who receive structured settlements is to sell annuity payments. The recipient of a structured settlement will get payments on a regular basis from an annuity and if they choose to sell annuity payments they are trading the future payments that they sell for the cash today. In this scenario the seller will work with a buyer of structured settlement annuity payments who will give the seller cash for the payments that they want to sell. The buyer will then be the legal owner of those payments when they are distributed. Some sellers may determine that selling three payments is enough for them to have the cash in hand that they need; others may require more. Choosing how many payments to sell is completely up to the seller.

By deciding to sell annuity payments, sellers can have the cash they need to stay in their homes comfortably and make renovations and repairs that will allow them to make the property more livable and more marketable if they choose to sell in the future - doing such things:

• Replacing the roof.
• Putting in new windows to decrease bills and make the home more energy efficient.
• Making repairs or redesigns to kitchen or bathrooms.
• Putting in more functional living space.

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