Wednesday, January 30, 2008

A Structured Settlement Sale Can Help Avoid Foreclosure on Your Home

Filed under: Structured Settlement — Structured Settlement Expert @ 2:10 pm

When a personal injury case is settled out of court it is often done so through the arrangement of a structured settlement. A structured settlement is a payment arrangement wherein a settlement recipient receives their money through payments over time rather than all at once. Such structured settlement payments are made through an annuity that is funded for this purpose and payments are sent on a regular basis to the recipient.

There may come a time, however, when a structured settlement recipient would rather have a lump sum of money to fund specific needs such as the purchase of a home. In fact, this may be one of the important uses for a structured settlement sale – especially if the structured settlement recipient and their family have fallen upon hard times. In this case, having the money in hand to purchase or save a home can be invaluable for the structured settlement recipient’s future.

By selling all or part of their future structured settlement payments recipients can receive a lump sum of money from the purchasing company; money they can use to fund important life events such as purchasing a home for themselves and their family, or avoiding foreclosure.

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