Local Firm Addresses Liquidity Void -- Burgeoning Seller-Financed Real Estate Loans Creates Cash Flow Voids

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With the reversal of the free wheeling lending practices of just a few years back, more and more sellers of all types of property are being forced to take back seller financing in order to close a sale. In most cases, sellers would rather have cash than take back a loan, an activity in which very few have any experience. However, with greatly tightened underwriting guidelines, this has become a way of life in the real estate industry.

Sandy Kiddie, a former mortgage lender, financial planner and real estate salesperson and managing broker has created Anaguluskee Note Funding (ANF) to address the issue. ANF is part of the nation's largest network of note (loan) buyerts, and will provide a cash option in lieu of monthly payments.

He stated, "Most of the sellers who take back financing do so reluctantly. They would rather have the cash than a small monthly payment. In addition, they are generally ill equipped to take action when the payor is late, or defaults." He went on to say, "Many of the sellers are investors who now have their investment capital tied up in low yield notes, usually for several years."

By providing this service, ANF gets sellers out of the lending business and releases cash for more profitable investments, or any of a number of other uses, such as college funding, vacations, unexpected illness, ready cash for emergencies or simply the removal of a hassle. Its slogan "any property, any amount, anywhere" sums up its versatility.

About ANF:
The company is founded by Sandy Kiddie. He holds BS and MBA degrees from Indiana University, where he taught Corporate Financial Policy. He has also completed the Certified Financial Planner cirriculum at Oglethorpe University in Atlanta. He is active in St. Gabriel's Episcopal Church in Oakwood, and is a member of the Greater Hall Chamber of Commerce and the Hall County Board of Realtors.

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