Learn How to Sell Structured Settlement Annuity Payments
Get a Quote to Sell Structured Settlement Annuity Payments
Call to get a quote for your structured settlement annuity.
The first step toward getting money is to learn how to sell structured settlement annuity payments. Contact a factoring company and request a quote to sell structured settlement annuity payments. Many places will make you send documents to them proving that you have a structured settlement annuity before they will quote you. If you contact an Account Manager at Corona Capital they will not force you to send anything in order to receive a quote. We specialize in providing the best offers for our clients on all types of annuity and structured settlement payments including life contingent annuity payments. The amount you receive is based upon the discount rate the company charges you and the dates and amounts of your payments. This rate can be anywhere from 7-25% so it’s good to check around. The lower the rate the more money you’ll receive. The difference in rates could mean thousands of dollars to you. Don’t let all this overwhelm you. Be smart and learn how to sell structured settlement annuity payments. If you want to sell structured settlement annuity payments make sure you’re getting a good discount rate.
Sign a Contract to Sell Structured Settlement Annuity Payments in Exchange for Cash
Once you agree to the offer presented to you, state disclosures and a contract package will be sent to you or the notary that will execute the signing. It will indicate the amount of money you’ll receive in a lump sum in exchange for structured settlement annuity payments. You will also sign an affidavit which includes the reasons you want to sell structured settlement annuity payments. The judge will review the proposed transaction to find if it’s in your best interest. Also make sure to have your driver’s license or state ID on the day of the signing as the notary will check. It is advisable that you consult with an Attorney and/or Financial Advisor before signing the contract. If you learned how to sell structured settlement annuity payments prior to entering into the transaction then you shouldn’t have any surprises but make sure you READ the disclosures and the contract package and don’t take a sales person’s word over the telephone over what is in front of you in writing. Make sure everything you agreed to is in writing including any legal fees or processing fees that the factoring company may charge you. Corona Capital never charges legal or processing fees.
Send Structured Settlement Annuity Documents to Factoring Company
At this point you’ll need to fax, email or mail in a copy of your annuity contract if you have not done so already. As mentioned previously, many companies will ask for this before offering you a quote. In any event you’ll need to show which ever company you choose a copy of the annuity contract or at least a letter from the insurance company that describes the annuity payments you’re entitled to with the dates and amounts of the payments listed. At some point you will need to send in a copy of your driver’s license or state ID and your Social Security card. If you’ve ever been divorced then a divorce decree will need to be sent as well. This is needed to prove that your ex spouse has no rights to your payments and to show you have every right to sell structured settlement annuity payments. If you’ve recently filed bankruptcy you’ll need to send in a document showing that the bankruptcy has been discharged. If it is still active then you’ll need to get permission to sell structured settlement annuity payments from the trustee in charge of your bankruptcy proceeding. Your file will be sent to an attorney that is local to you so that he or she may file a petition before the appropriate court in your area.
Attorney Files Petition to Sell Structured Settlement Annuity Payments
Once the signed contract has been received by the funding company it is reviewed for accuracy and a file is created. Checks will be done to make sure you have no open bankruptcies, past due child support or taxes due to the government. If you have any of the aforementioned issues they will need to be paid off from the funding proceeds. Your file will then be sent to a local Attorney who will submit a Petition to the appropriate court in your area. Usually the petition will be filed in the county courthouse where you live. Notices are sent to the owner and issuer of your annuity informing them of the upcoming hearing regarding the petition to sell structured settlement annuity payments. They have 20 days to respond to the notice or object if anything seems out of place. As long as everything is correct and the annuity payments are indeed available they usually won’t object to anyone wishing to sell structured settlement annuity payments.
Hearing Occurs Regarding Your Request to Sell Structured Settlement Annuity Payments
Statistically speaking most petitions to sell structured settlement annuity payments are granted.
You will be notified as to the time and place of the Hearing. Most states will require your attendance although a few do not. Make sure you’re dressed appropriately for court and arrive on time. Typically the hearing only lasts a few minutes. The judge may ask you and or the Attorney one or two questions and then render a decision. The judge may ask quite simply “Are you sure you want to sell structured settlement annuity payments?” Most applications are approved, however denials do happen. Most denials are based on the judge’s opinion that the transfer is not in the annuitant’s best interest. He or she may feel that the discount rate being charged is too high or may not believe the reasons listed in the affidavit are adequate enough. He or she may feel that the Annuitant is too young to handle a large lump sum payout and may be concerned that if approved, the Annuitant will blow the money. Occasionally, he or she may ask for more information and issue a continuance. For all the aforementioned reasons it’s important to learn how to sell structured settlement annuity payments. Statistically however, most petitions to sell structured settlement annuity payments are approved.
Funding the Structured Settlement Annuity Sale
Here is the best part. You will be funded after the hearing takes place assuming that the judge grants the Court Order approving the transfer. It could take a few days before you actually receive your money. Most places will wire the money directly into your bank account although you may request a check. Please review our brief video regarding the Process of Selling Structured Settlement Annuity Payments. We hope this helped you learn how to sell structured settlement annuity payments.
Please call us if you’d like to get a quote to sell structured settlement annuity payments at +1 (888) 852-5658 . Our friendly Account Managers will make you feel at ease and answer any questions you have. Even if you decide not to sell, we hope we can help you learn how to sell structured settlement annuity payments without hassle. If prefered you may fill out our online quote request to sell structured settlement annuity payments.
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