What is the difference between the full and partial purchase?
A Full Assignment is just that — all right, title and interest to the payments and escrow are assigned for the maximum amount of cash now. A Partial Assignment is much different. With a “partial”, you sell the front portion of your escrow for a lump sum of cash now. The benefit here is you enjoy cash today, but you still own a lot of equity in the back escrow. Another benefit to you is that you have Alaska’s largest mortgage company as a partner — if there ever is a default, you have the option to pay off our amount still owed. If you don’t wish to fund us out, we’ll handle the foreclosure and resell the property at Fair Market Value The new buyer, if not paying cash for the property, will be set up on payments. After we’re paid off, you get all the rest! This Partial is a popular program, with approximately 42% of our clients preferring its flexibility.
