Case Studies in the Sale of Periodic Payments
Young Father Makes a Down Payment
A 25-year-old, married father of two was entitled to periodic payments from a structured settlement. He sold two of those payments so he could put $100,000 down on a house for the family. Having the money for such a large down payment meant minimal mortgage payments—less than they had been paying in rent—and will allow the family to build equity in its home that much more quickly.
Fishing Boat Repairs
A single, 36-year-old man who was entitled to periodic payments from a structured settlement sold one of the payments for $16,000. He used the money to repair his fishing boat so he could support his family.