SELLLOTTERYPAYMENTS.COM - *Confidentially Via AUCTION
WHO ARE LOTTERY BUYERS, ANYWAY ? A lottery buyer is typically a specialty finance company that purchases various types of deferred payments. In addition to purchasing lottery winnings, they usually also purchase other types of deferred payments such as structured settlement annuities, personal annuities, and sometimes mortgage notes. Lottery buyers may have multiple funding sources that give them access to almost an unlimited amount of cash to purchase future payments.
Lottery Buyers are not all the same! Companies who purchase lottery payments will have varying degrees of expertise in the lottery purchasing industry. Some companies, quite frankly, have very limited experience because their primary focus is purchasing other types of differed payments. This is why lottery winners must be very selective when working with a lottery buyer. It's the highly experienced lottery buyer who can get you back the most money.
Private investors also look to purchase future lottery payments. These investors like the stability that a guaranteed lottery payment has to offer. But, how do you locate these wealthy investors who look to purchase future lottery payments? The answer is, it's next to impossible unless you know where to find them. Wealthy investors don't make themselves readily accessible to the general public, they usually stay networked in closely with a select group of individuals that specialize in the field they prefer to invest in.
Items to both "look for", and items to "look out for" in a lottery buyer.
Look For:
1. Most importantly, a company that has no un-resolved complaints with the BBB.
2. A company that will insist that you are represented by your own appointed council, and that you pay for your own council. Together with the council of the funding company, the two attorney's will draft a purchase agreement. This is considered very good practice if the funding company is suggesting that you are protected by your own council. (your council will obviously look out for your best interest in the transaction)
3. A company that will include a specific time-period for the transaction to be funded, or the seller can withdraw with no penalty.
4. Advances: From time to time, funding companies may offer "cash advances" to clients who are selling lottery payments. This cash advance is given before the total cash buyout by the lottery purchaser. If a cash advance is proposed, make sure that the terms of the advance are written in the purchase agreement.
Look out for:
1. A company with unresolved complaints with the BBB. This is an immediate red flag that should tell you to avoid this company.
2. A company that is suggesting a "tax strategy" that no other companies are suggesting. This can be utilized as a potential sales tactic to make the offer seem more appealing.
3. A company that either says you do not need to be represented, or will offer to have council appointed for you, and or pay for this council. With an important decision such as selling your lottery payments, you would not want to be represented by anyone appointed by the buyer.
4. A funding company that will not put the terms of a "cash advance" in the contract.
5. Most firms include a "right of first refusal" clause in their purchase agreements. This means if the winner, at any future time, decides to sell more lottery payments, the original firm will be given the opportunity to match or pass on an acceptable offer the winner receives from another firm. One should not want to do business with a funder who convinces the winner to ignore this clause included in a prior agreement because the chance is great the original funder will learn about this new sale and file suit against the winner because of this contract breach. Ignoring this clause is not a problem for the funder, but could be a serious and expensive problem for the winner.
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With the above being acknowledged, the fact remains as a seller of a lottery jackpot, you would unquestionably want multiple cash offers for your lottery payments. You will ideally also want a bit of diversity in the types of buyers that will be making you cash offers. That's why the Quote Me A Price.com service is the ideal solution for lottery winners who are looking to sell payments. Quote Me A Price.com has top national lottery buyers, but the marketplace also includes brokers who have access to multiple wealthy private investors, some of whom specialize in purchasing lottery payments. This diversity of potential lottery buyers is unquestionably what a seller wants to help obtain the maximum amount of cash back when selling lottery payments.
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