Co-Owner Real Estate Divestment Tool

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YOUNG AFRICAN AMERICAN REALTIST®/MORTGAGE BROKER AWARDED FOR DEVELOPING NEW REAL ESTATE CONVEYANCE INSTRUMENT: "BUYOUT NOTE"(TM)
Monique Thomas Also Elected President of Associated Real Property Brokers, Inc.

Monique Thomas
Oakland, CA (BlackNews.com) - Ten-year real estate veteran and eight-year mortgage professional Monique Thomas has developed a new, but relatively easy means by which a co-owner in real property can buy out one or more other co-owners for cash. She calls it a BUYOUT NOTE(TM). Last month, during its 43rd annual awards gala, real estate trade organization Associated Real Property Brokers, Inc. (ARPB) awarded Thomas "Entrepreneur Broker of the Year" in recognition of her ingenuity in the fields of real estate and mortgage lending. Weeks prior to presenting the award, the ARPB elected Thomas to serve as president of the association during its 2007-2009 fiscal years.

BUYOUT NOTE:
A BUYOUT NOTE is an instrument that allows a person who shares equity in real property to surrender his or her share in exchange for cash. This note is an ideal instrument by which to relinquish claim and ownership in real property for cash in situations like divorce, partnership dissolution, inheritance and probated real property.

The BUYOUT NOTE is not a generic debt instrument. Each note is written according to the agreement between the parties. "Think of it as owner financing," Thomas said. "In this situation, one of the owners is selling his or her share to another. However, instead of holding the note and accepting monthly payments, the party who is relinquishing his or her interest in the property may sell the note to a third party in order to cash out."
Thomas continued, "The BUYOUT NOTE facilitates a quick and equitable solution when a party who holds interest in real property wants out. Using the BUYOUT NOTE can bring closure to divorce, for example. Often, one party who wants to keep the house and the other wants his or her share of the equity. Frequently, the party who wants to keep the home cannot afford to buy the other party out, thus resulting in the property having to be sold."
Use of the BUYOUT NOTE also helps when siblings inherit or are awarded property through probate. Siblings frequently engage in legal disputes over property issues. The note can minimize conflict, expedite the probate process and help avoid litigation among siblings. Finally, business partners who own commercial property can utilize the BUYOUT NOTE to address the real property division quickly when the partnership dissolves.
PRESIDENT-ELECT - ASSOCIATED REAL PROPERTY BROKERS, INC. (ARPB):
ARPB recently elected creative and knowledgeable Thomas to serve in the prestigious post of the organization's president during its 2007-2009 fiscal years. ARPB is a prominent Oakland-based real estate trade association of real estate professionals, predominantly of African American ethnicity. "Monique is well prepared to take the reigns of this organization," said L.J. Jennings, past ARPB president and current Executive Vice President. The President of the National Sales Division of National Association of Real Estate Brokers, Inc. (NAREB) went on, "She has not only laid the groundwork for an effective administration, but she has prepared herself and her business in order to meet the challenges of the REALTIST® members and organization."

About Associated Real Property Brokers, Inc. (ARPB):
Associated Real Property Brokers, Inc. is a predominately African American real estate trade association, founded in Oakland, CA in 1948 and chartered in 1954 as a local chapter of the National Association of Real Estate Brokers, Inc. (NAREB) - the oldest and largest minority trade association in America. A person who is an ARPB member is referred to as a "REALTIST." Although comprised principally of minority real estate professionals, the REALTIST organization notwithstanding, is an integrated entity open to qualified practitioners of all races. ARPB is also a local chapter of the California Association of Real Estate Brokers, Inc. (CAREB), which NAREB chartered in 1956. www.ARPB.org

About Monique Thomas:
Monique Thomas is founder and president of Balance Financial Corporation located in Oakland, CA. She is a real estate broker licensed with the California Department of Real Estate. Thomas has eight years experience in the lending industry. As her primary area of expertise lies within the mortgage field, she also holds membership with the National Association of Mortgage Brokers. In addition, Thomas is a member of NAREB and NAR, and thereby holds the organizations' titles of REALTIST and REALTOR respectively. Thomas is president-elect of Associated Real Property Brokers, Inc. for the association's 2007-2009 fiscal years. Monique Thomas is also a frequent presenter for mortgage planning and financing seminars and workshops. She resides and maintains offices in Oakland, CA. Department of Real Estate License #01402008. www.balancemortgage.com / www.buyoutnote.com.

Monique Thomas
Balance Financial Corp.
440 Grand Ave., Suite 425
Oakland, CA 94610
1-877-BUY-OUT4 (1-877-289-6884)
moniquew@comcast.net