A Message from the CEO
Let our experience work for you. Our team members have reviewed, processed and/or originated literally thousands of transactions involving the sale of structured settlement or annuities for a lump sum.This experience, along with direct funding capabilities and unique network of financial partners, means we can get you more cash, faster, than our competitors. We will not be beat on price or service….Guaranteed.
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- "After doing several transactions with Catalina Structured Funding...I can say without a doubt this is the BEST company when it comes to getting cash for structured settlement."Jason R.
- "After shopping around, I know I got the most cash for my structured settlement payments...Catalina paid me even more than I expected."Jay
- "I cannot remember the last time I dealt with a company that took so much time with me...My wife and I often talk about how lucky we were to find [Catalina]."Tom B
- "I had previously sold some of my settlement payments to another company and I cannot express how much more I enjoyed working with the folks at Catalina."Lakeesha M.
- "Catalina did everything I asked when it came to providing cash advances… Everything they told me proved to be completely accurate. I would never even deal with any other company."Juan M.
Selling A Structured Settlement in New York
So, you live in New York and you want to sell your New York structured settlement? New York law requires the sale to be in your "best interest" and "fair and reasonable." But who determines this? The judge. In New York, like almost every other state, the sale of a structured settlement requires advance court approval. Without it, your sale will not be considered valid. So before your sale can be final, you will have to bring the proposed transfer before a New York judge for approval. Getting that approval in requires you working with an experienced New York Structured Settlement Buyer.
What needs to happen for my proposed sale to be approved?
A court in New York will have to make sure that your proposed sale meets certain requirements as set out by New York law. For example, the buyer of structured settlement payments in New York that you are working with must have sent you a disclosure notice and you must have been afforded an opportunity to seek the advice of an independent professional. Other than these requirements, which are pretty easy to meet, the harder part is convincing the court that your proposed transfer is in your best interest and that it is fair and reasonable.
What kind of sale is in my "best interest"?
The court will look at your financial situation and whether there is a need for the lump sum amount you will receive from the sale. The court will heavily consider what you intend to spend the money on. Generally, if you have serious expenses and don't have money saved up and need the lump sum to fund these expenses, then the court will consider the sale to be in your best interest. The following are some acceptable reasons to sell your New York structured payments:
Health and medical reasons
Needing money to fund necessary medical procedures or to pay for treatment, medication, etc. may be a very good reason to sell structured settlement payments in New York.
Other emergency reasons
Losing your house/property to a natural disaster, stolen car, being evicted, etc. Any situation which involved you rebuilding your life is also a great reason for needing immediate access to cash for structured settlements in New York.
Paying for education
Paying off debt
Buying a house/business/good investment
if the court sees that you have a legitimate plan to spend the money wisely and that you need access to immediate cash for a certain investment, the court will likely find the transfer to be in your best interest
What kind of sale is "fair and reasonable"?
Typically, competitive prices will be considered fair and reasonable in connection with the sale of New York Structured Settlement Payments. The Best New York Structured Settlement Buyers will not charge you administrative or processing fees in connection with the sale of annuity payments
If you have questions or would like more information, it's time for you to talk to the New York structured settlement experts today!
Call the Best NY Structured Settlement Buyer at 1-800-317-3769
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