Mortgages

C & A Financial Programs, Inc. specializes in the purchase of owner-financed notes secured by mortgages. We provide cash liquidity for real estate owners who have sold their property and taken back a mortgage for part of the purchase price. Often times, people find themselves in a position of needing to sell the mortgage for a number of possible reasons.

We purchase mortgages, trust deeds & real estate contracts locally and nationwide.

• We purchase first, second and wraparound mortgages.
• Top dollar paid
• No points or hidden fees
• Fast closings

C & A Financial Programs, Inc. will do all of the work associated with purchasing your seller held mortgage at no extra cost to you. You will be quoted a net amount to purchase your mortgage. C & A Financial Programs, Inc. will pay for all title searches, appraisal costs and all other expenses related to closing the transaction.

Mortgage Purchase Plans

We offer flexible and individually tailored plans to meet your specific financial goals. You can select from our Full Purchase, Partial Purchase or Shared Payment Purchase Plans.

If you have a mortgage to sell, fill out our Mortgage Quote Form and send it and we will get the process started, or call today and let our team of experts assist you in finding the plan that is best for you!

MORTGAGE, the securing of "money or money's worth" by making it a charge upon property, real or personal, so that if the debt is not paid by a time agreed upon by the parties, the creditor may foreclose or sell the property and pay himself from the proceeds of the sale. In the United States the mortgage typically takes the form of a formal deed of conveyance which is expressly stated to be security for a debt. In England, since the Law of Propertyact, 1925, the mortgage of realty takes the form of a 3,OOO-year leasehold or a legal charge. Both in England and in the United States, security transactions which fail to satisfy the formal requirements of legal mortgages may nevertheless be recognized as valid equitable mortgages. For example, a written promise to give a mortgage, followed by a loan to the debtor, creates an equitable mortgage. Similarly, legal mortgages, defective because of lack of seal or some other technicality, may be enforceable equitable mortgages. In England the deposit of title deeds with a creditor, with the intent that the property described in the deeds shall secure a loan, frequently results in a valid equitable mortgage. In the United States, except for New Jersey and possibly New York, the mere deposit of title deeds will not result in a mortgage.

History - The theory of mortgage in the common law goes back to the gage of land or chattels in the Saxon and early Norman periods, and instances of such gages are to be found in the Domes-day Book of William I. A gage involved the transfer of possession to creditors for security for a debt. If the gagee-creditor retained the rents and profits from the estate to discharge the debt, the transaction was known as a "live" gage; if the mortgagor kept the income, it was known as a "dead" gage (mort-gage). If at the time the debt was due, the gagor failed to pay, the gagee could obtain a judgment requiring payment within a certain time, or, as an alternative, forfeiture of the estate. But title was always in the gagor and he could at any time prior to the end of the term bring a legal action to oust his creditor, leaving the latter no remedy other than to sue on, the debt. This lack of security eventually caused the mortgage for a term to give way to the classical common-law mortgage in the form of a direct conveyance to the creditor with payment of the debt as a condition subsequent, which if satisfied would revest both title and possession in the mortgagor. However, if the debt was not paid at the due date, the title vested irrevocably in the mortgagee. This often resulted in drastic loss to the mortgagor, since the value of the property forfeited to the mortgagee frequently far exceeded the amount of the debt. During the 17th century, courts of equity accordingly developed the mortgagor's equity of redemption, a right which allowed the debtor to get back his estate by paying the debt after the due date, even though at law he had completely forfeited his property.