WHAT IS A NOTE AND HOW DO I SELL IT?

What is a Real Estate Note?

A real estate receivable is a document (or documents) secured by real estate that obligates one individual or company to make payment(s) to another individual or company. These receivables are created when a piece of real estate, such as a house, is sold. The purchaser gives the seller a cash down payment and the balance is paid to the seller in periodic, usually monthly, installments. Therefore, payments are made from the property purchaser (payor) to the property seller (payee).  In these transactions, the property seller is simply deferring to the future a portion of the purchase price not paid at closing.  It is clear then that these transactions are not loans. The entire transaction involves no third party bank or other lender and no money is exchanged for the unpaid purchase price.  Historically this was called seller-financing or owner-financing, but some people now prefer to refer to these transactions as “installment sales” to further distinguish them from loans. The legal documents that accomplish these tasks generally take one of three different forms: Promissory Note & Deed of Trust, Promissory Note & Mortgage, or Real Estate Contract (aka Contract For Deed, Land Sales Contract). The generic term for each of these is a Real Estate Receivable. For convenience, we refer to all real estate receivables as “notes.” The payments a property seller will receive from these notes are an asset and like any other asset can be sold for a lump sum of cash.

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Why would I want to sell my future payments?

There are perhaps as many reasons people sell their notes as there are ways to spend money. We always ask note sellers why they wish to sell their note. The most frequent responses we get are: 1. To eliminate the risk and responsibility in holding the note; 2. To achieve liquidity; 3. To take advantage of other investment opportunities; 4. To pay off debts; and, 5. To make specific purchases. Often people never wanted to carry back a note in the first place but had to in order to sell their property. Other situations, such as notes provided as equity settlements in divorce cases, inherited notes, to name just two, often result in the current note holder owning a note they never wanted. Often these people are happy to receive the current value of their note in cash and move on with their lives.

For a more detailed discussion on why people sell their notes, follow this link for an exerpt from the Note Holder’s Handbook.

How long will it take before I have my money?

We have purchased notes in as little as one day; and it has taken over a year to purchase others. On average, it takes two to four weeks. If the sale of your property and the creation of the note was “typical” then you should have your money within two to four weeks.

 

TELKOM IS HIRING COUNTRYWIDE

Core Description

Applications are invited from suitably qualified learners to participate in a learnership, which, upon successful completion, will lead to the awarding of a Further Education and Training Certificate: Telecommunication Networks Operation, SAQA ID 59057 (NQF Level 4). The learnership programme is offered in various provinces for a period of 12 months and learners will be paid a monthly allowance of R4000 during that period. Currently be Unemployed.  

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NOTE: Applicants should NOT have: (i) a post Matric qualification (National Certificate / Diploma / B degree) – this excludes students who require experiential training to obtain their qualification; (ii) participated in any ICT learnership before.

Competencies

Required Competencies: (Knowledge / Skills / Attitudes)

  •  Team player
  •  Analytical thinker
  •  Problem solver
  •  PC literate
  •  Efficient in interpersonal skills with an aptitude for building rapport with a diverse range of internal and external customers

Job Responsibilities

The successful candidate will be responsible for, but not be limited to:

  • Complying with the requirements of the learnership, inclusive of its terms and conditions as guided by the Sectoral Determination on Learnerships.
  • Qualifications

    Matric certificate or equivalent with Mathematics (not Literacy Mathematics) and Science.

    Experience

    • Computer Literacy.
    • Have good written and verbal communication skills.

    Special Requirements

    •  
    • Be fully conversant in English
    •  Technology savvy, i.e. know the various technologies used for communicating
    •  Prepared to work in all weather conditions
    •  Prepared to work in confined spaces and at heights
    •  Not colour blind
    •  Able to work in all areas
    •  Able to travel and stay out
    •  Able to work outside normal working hours
    •  Hand / Eye / Ear Coordination

    How to Apply

    Apply Online for the Telkom Learnership Programme

Transnet Bursaries 2018

Transnet is a state owned enterprise that was founded in 1990. The company employs over 50 000 people throughout South Africa and specializes in the following fields.

  • Railway Freight – Our economy is hugely reliant on transnets railway infrastructure to deliver raw materials, goods and other resources required for industry
  • Ports – Imports and Exports by sea also play a large part in our economic growth and Transnet have built Ports that can manage that demand.
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  • The importance of the company can not be understated. Like most governmental organizations their success or failure will greatly impact the lives of ordinary South Africans.

    Transnet always seems to be expanding and with that growth comes a real need for qualified professionals….hence the Transnet Bursary.

  • Transnet have a large number of physical assets such as freight trains, port cranes etc. These assets are located nationwide and require a large team of really smart people to ensure that everything runs smoothly.

    These smart people are generally called engineers  and Transnet needs many of them.

    Thus the fields of study offered by the bursary are just for budding young engineers.

    • Mechanical Engineering
    • Civil Engineering
    • Mechatronic Engineering
    • Industrial Engineering
    • Electrical Engineering (Heavy)
    • Electronic Engineering
    • Metallurgy

    Its basically an engineering bursary.

  • Selection Process

    Applicants are required to fill out the bursary form that can be found on Transnet’s website. Learners with a good academic record will then be required to attend an interview with the bursary department. If that goes well and you are physically up to working for the company then you stand a good chance of getting the bursary.

    Other criteria…

    • Only South Africans will be considered
    • Applicants must at least have a 5 rating for both Mathematics and Physical Science

    What does the bursary cover?

    Transnet is pretty lenient on where you can study. As long as its a undergraduate degree in one of the above mentioned fields then you can study at your nearest University.

    The bursary covers….

    • Tuition Fees
    • Registration Fees
    • Exam Fees
    • Accommodation
    • Meal Allowance
    • Book Allowance
    • Experiential Training (Primarily provided during University holidays)

    Bursary Conditions

    • Awarded bursaries are reviewed each year and can be cancelled if you do not perform academically.
    • You will be required to work back each year that you have been sponsored by the bursary
    • If your bursary is cancelled by breach of contract then you or your guardian will be liable to settle all outstanding University fees

    In short, pass all your subjects and stay out of trouble and you should be fine.

    Submission

    Completed application forms must be submitted to the Transnet bursary office before the 31 July.

    Physical Address: Room 4206 Carlton Center 150 Commissioner Street Johannesburg

     Postal Address: PO Box 72501 Parkview South Africa 2122 

    Contact Details: 011 308 3000

  • Please contact Transnet directly for updates on their bursary program

Sasol Bursary Programme for 2019 Academic Year

International integrated chemicals and energy company Sasol invites top Maths and Science Grade 12 learners to apply for its all-inclusive bursary to study Engineering, Science or Accounting at approved South Africa’s public Universities and Universities of Technology in the 2019 academic year.

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Sasol has established a reputation in the market as an employer of choice. The bursary programme boasts an all-inclusive package recognised in South Africa for being highly competitive. The programme aims to attract exceptional young talent to the organisation. If you have what it takes to become part of this exciting team, the Sasol Bursary Programme is ready to change your life! Bursaries awarded are for full-time university studies in engineering, science and accounting.

Sasol in 2016 invested R79, 6 million in science, technology, engineering and mathematics education as part of its investment in programmes that stimulate sustainable socio-economic development and address South Africa’s critical skills gap.

“We at Sasol understand that ensuring students’ academic success takes more than just paying for their studies. That is why the Sasol Bursary gives learners much more than just funding for their studies but also emotional and other support. It is through our dedicated support team that gives bursars personalized attention, career support as well as life guidance that we ensure that they succeed,” said Monica Luwes, Manager: Graduate Centre, Sasol Corporate Bursary Services.

For more than 30 years, Sasol provided comprehensive bursaries to top performing learners in the fields of Maths and Science. The Sasol bursary programme covers bursars’ tuition fees, accommodation, meals, textbooks and pocket money. Furthermore, successful applicants also receive performance-based awards and allowance for laptops and other study tools such as calculators. Sasol bursars have the opportunity to do paid vacation work during the school holidays and to be part of the company’s Graduate Development Programme once they completed studies.

Requirements

For 2019, Sasol is looking for top performing learners who want to study towards a B Eng or BSc Eng in various engineering disciplines, BSc in Chemistry and Accounting (CA route) or learners interested in studying Instrumentation, Mining Survey and Mechanical or Electrical Engineering at a University of Technology. Applicants need to obtain 70% for Maths, 70% for Science and 60% for English to be considered. Sasol also provides postgraduate opportunities in Science and Engineer for deserving students.

“This is a lifetime opportunity for young, talented and ambitious learners. The aim of the Sasol bursary is to give learners peace of mind by taking care of all their education needs and related costs. All that the Sasol bursars have to do is to focus on their studies and get the best results,” said Monica.

Education is one of the pillars of Sasol’s social investment. Through this bursary programme, the Sasol Group aims to uplift the communities of South Africa. Top performing bursars also have the opportunity to start and build their careers at Sasol, which has operations in Sasolburg in the Free State and Secunda in Mpumalanga.

How to apply

Applications close on 30 April 2018. Click here to apply online

Career Guidance Coordinator East London

CAREER GUIDANCE COORDINATOR REF NO: HR 4/4/1/90
SALARY : R417 552 per annum
CENTRE : Provincial Office: East London

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Career Guidance vacancies

REQUIREMENTS : Four year relevant tertiary qualification in B Psych. Two years (2) supervisory
experience and two years (2) functional experience in Employment/Career
Counselling. Drivers Licence. Knowledge: ILO Conventions, Financial
Management, Human Resource Management, OHS Act, Immigration Act,
Employment Services Act. Skills: Planning and Organising, Communication,
Computer literacy, Analytical, Information Management.

DUTIES : Provide technical support to labour centres for the delivery of employment
counselling services. Manage the referral of work-seekers to relevant employment
services and active labour market interventions. Co-ordinate the dissemination of
employment and career information to Labour Centres. Establish and manage
relationships between career counsellors and relevant organisations. Manage, and
co-ordinate the administration of psychometric assessment.

ENQUIRIES : Ms. KD Mogotloane, Tel: (043) 701 3076

How to Apply

APPLICATIONS : Chief Director: Provincial Operations: Private Bag X9005, East London, 5200
Or hand deliver at 03 Hill Street, East London.
FOR ATTENTION : Sub-directorate: Human Resources Operations, Provincial Office.

CLOSING DATE : 19 March 2018  at 16:00

 

NW Dept of Rural Development: Graduate / Internship Programme 2018

Closing Date: 09 March 2018

Location: Head Office, Dr. Kenneth Kaunda, Bojanala, Ngaka Modiri Molema, and Dr Ruth Segomotsi Mopati

Stipend: R5400

Interested applicants should be Graduates for Internship Program and be South African citizens aged between 18 and 35 years old within the North West Province.

The North West Department of Rural. Environment and Agricultural Development is committed to the achievement of diversity and equity in employment. People with disability are encouraged to apply.

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Finance Grad / Intern [x4]

  • Degree / ND in Internal Auditing

( Dr. Kenneth Kaunda, Bojanala, Ngaka Modiri Molema, and Dr Ruth Segomotsi Mopati)

NWREAD / 18 / 01

Conversation Grad / Intern [x4]

  • ND in Nature Conservation

( Dr. Kenneth Kaunda, Bojanala, Ngaka Modiri Molema, and Dr Ruth Segomotsi Mopati)

NWREAD / 18 / 02

Legal Services Grad / Intern [x1]

  • LLB

(Head Office)

NWREAD / 18 / 03

Quality of Work Life  Grad / Intern [x2]

  • Degree in Social Sciences  / Social Work / Psychology

(Head Office)

NWREAD / 18 / 04

Rural Development and Coordination Grad / Intern [x02]

  • Degree in Community Development / Rural Development
  • Degree / ND in Disaster Management / Land Management

(Head Office)

NWREAD / 18 / 05

Risk Management Grad / Intern [x3]

  • Bcom Accounting & Auditing / Bcom Law / ND in Internal Auditing

(Head Office)

NWREAD / 18 / 06

ICT Grad / Intern [x02]

  • A+, N+, Basic Computer Skills

(Head Office)

NWREAD / 18 / 07

GIS / Information Services Grad / Intern [x02]

  • Degree  / Diploma in Geographical Information Systems

(Head Office)

NWREAD / 18 / 08

Veterinary Services Grad / Intern [x08]

  • Degree / Diploma in Animal Health

NWREAD / 18 / 09

Farmer Support Services Grad / Intern [x09]

  • Degree / Diploma in Crop Production
  • Degree / Diploma in Animal Production

NWREAD / 18 / 10

Agricultural Economics Grad / Intern [x02]

  • BSc Agricultural Economics

NWREAD / 18 / 11

Structured Agricultural Education & Training Grad / Intern [x06]

  • Degree / Diploma in Animal Production / Crop Production

NWREAD / 18 / 12

Research Technology & Technology Development Services Grad / Intern [x05]

  • Diploma in Diesel Mechanic / Building or equivalent
  • N6 / Diploma in Carpentry or equivalent
  • Diploma / BTech in Agricultural Management

NWREAD / 18 / 13

How To Apply

Applications must be submitted on form Z83 obtainable from any Public Service Department and must be accompanied by a detailed CV, together with certified copies of certificates and Identity Document.

Faxed or emailed and late applications will not be considered. Failure to comply with the above requirements will result in the disqualification of the application.

If you have not heard from the Department within three months of closing date, kindly regard your application as unsuccessful.

Please forward your application for the attention of MS TF MOLAMU: Department of Agriculture and Rural Development, Private Bag x 2039, Mmabatho 2735 or hand deliver to Directorate: Human Resource Development, First Floor, Office No.122, Agricentre Building, Cnr Dr James Moroka and Stadium Road, Mmabatho.

All enquiries to be directed to Ms F Mpa at (018) 389 – 5041

Henkel: Graduate / Internship Programme 2018

Are you somebody who cannot wait to put knowledge into practice? Someone who just graduated from university or is about to graduate? Someone who is full of energy and wants to make a real impact? Somebody who takes on new challenges and loves to work on own projects? If you want to experience the flair of an innovative and international leading brand and if you are an ambitious person that combines enthusiasm and imagination, then it could be you that we are looking for.

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GDP gives you an immersive, hands-on experience and in-depth understanding and knowledge of your chosen area – working on live projects and getting on and off-the-job training. GDP trainees also have access to an active support network of line managers, professional mentors, career coaches and our dedicated HR teams so they can develop the skills needed to progress in their career.

In the course of the program the successful candidates will get to know the different processes within the business units and support the team in tasks and special projects.

Who we are looking for

  • Sales Intern (Degree in Chemical Engineering / Analytical Chemistry)
  • Marketing Intern (Degree in Marketing)
  • PDTCS Intern (Degree in Chemical Engineering / Analytical Chemistry)
  • Assistant Controller (Degree in Cost & management Accounting)
  • Finance Intern (Finance management)
  • 0-2 years work experience within related fields, preferably in an FMCG.
  • Being mobile and willing to travel across the region.
  • Fluent English skills, written and spoken.
  • Having an entrepreneurial mindset and showing leadership potential.
  • Having high level of commitment and initiative.
  • Having a positive team spirit and good social skills.
  • Previous practical or international experience- through either studies abroad or internships- can be an advantage.
  • Apply Online for the Henkel: Graduate / Internship Programme 2018

TCTA: Graduate / Internship Programme 2018

Closing Date: 11 March 2018

TCTA is a state owned entity based in Centurion. It is a specialised liability management body for bulk water supply development in the most cost-effective manner to the benefit of the water consumer. In line with the Extended National Skills Development Strategy III, and in an effort to contribute to skills development, employability and economic growth of the county, TCTA offers ten (10) exciting internship opportunities for suitably qualified and deserving graduates from previously disadvantaged background. See below internship details:

Requirements for applicants

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  • Must be a South African Citizen with a valid South African Identity Document
  • Must be unemployed youth below 35 years of age with relevant undergraduate/post graduate qualification
  • Must have passed all major subjects with at least 65% grade and above
  • Must not have obligation of employment with former sponsor
  • Must have graduated within a period not longer than four (4) years ago
  • Must have leadership capability and /or potential
  • Must be computer literate
  • Must be fluent in writing and speaking English
  • Must be willing to be placed at site including across the border including Lesotho

Internship Posts: 

The internship opportunities are available in the following areas: 

  • Finance / Supply Chain Management  (x2)
  • Project Finance and Treasury  (x2)
  • Engineering i.e. Civil / Electrical (Controls & Instrumentation) / Mechanical and Chemical (x3)
  • Environmental Management (x1)
  • Legal, Risk and Compliance (x1)
  • Human Resource Management (x1)

Internship Conditions: 

Preference during selection will be given to:

  • Previously disadvantaged individuals(i.e. Females, Africans, Coloureds, and Indians)
  • People with Disabilities

Internships will be allocated on the basis of a balanced consideration of the following factors:

  • Academic Achievement
  • Race and gender
  • Need of TCTA in reference to the specific Area(s)
  • Performance in the interview and/or assessments
  • Other requirements as specified

The duration of the internship two (2) years and the success of the internship completion will depend on the dedication and performance of the graduate over and above the support and exposure provided by TCTA.

TCTA will endeavour to employ graduates who have successfully completed their internships should there be suitable positions available. However, the internal recruitment policy and procedures will apply.

Internship Provision: 

The Internship package will make provision for a monthly stipend.

 Documents to be submitted with the application:

  • Certified copy of ID
  • Academic Record and Copy of Qualification if already received
  • Motivation letter for application
  • Reference letter

Selection Process: 

Received applications will be screened against the set criteria, and only short-listed applicants will be contacted for verification and interviews.

How To Apply 

Download Application Form. All applications are to be forwarded via email to interns@tcta.co.za  and queries may be addressed to Nomvula Mhlambi on 012 683 1258.

Should you not hear from TCTA 30 days from the closing date, then consider your application unsuccessful. 

Closing date for applications is 11 March 2018.

MERSETA: Graduate / Internship Programme 2018

Closing Date: 09 March 2018
Locatioin: Melville, Johannesburg

The merSETA invites graduates to apply for a 12 month internship opportunity from 1st April 2018 to 31st March 2019 in the following fields:

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1. Monitoring and Evaluation [x1]Ref: INT001

Diploma / Degree in Business Administration (with modules on Quality Management; Operations Management or Business Statistics).

2. Corporate Social Investment [x1]Ref: INT002 BCom Business Management; Excel and communication skills.
3. ETQA / Bursaries [x2]Ref: INT003

Diploma / Degree in Business Management; financial skills; people skills; computer skills and organizational skills.

4. Chambers [x1]Ref: INT004

TVET N6 / NCV Level 4 Certificate / Diploma Business Administration; B-Tech Administration / Social Sciences.

5. Marketing and Communications [x2]Ref: INT005

Ref: INT005A

Diploma / Degree in Marketing Communication Science / Journalism / Public Relations. Certificate / Diploma / Degree in Graphic Design.

6. Call Centre [x1]Ref: INT006 Certificate / Diploma in Call Centre.
7. Quality Management Systems [x1]Ref: INT007

Diploma / Degree in Business Administration (with modules in Quality Management and Business Statistics).

8. Grants and Levy [x1]Ref: INT008 BCom Accounting
9. IT Division [x1]Ref: INT009

Certificate in N+ and A+; MS Office; Prince [x2]or PMP certification / Project management qualification.

10. Company Secretary [x1]Ref: INT010

Degree in Governance Chartered Institution Of Secretaries.

11. Contract Implementation 3Ref: INT011

Diploma / Degree in Business Administration or Office Administration.

12. MIS [x1]Ref: INT012

Diploma / Degree in Computer Science.

13. Central Admin 8Ref: INT013

Diploma / Degree in Business Administration or Office Administration.

14. Creditors [x1]Ref: INT014

Diploma / Degree in Accounting with exposure to using excel.

15. Travel and Assets [x2]Ref: INT015

Diploma / Degree: Logistics / Supply Chain / Travel.

16. Health and Safety [x2]Ref: INT016

Certificate / Diploma / Degree: Health & Safety.

17. Human Resources [x1]Ref: INT017

Diploma / Degree in Human Resources Management or Administration.

18. Curriculum & Learning [x1]Ref: INT018

Diploma / Degree in HRM( Training and Development) Certificate / Diploma / Degree in Education Management.

19. Supply Chain [x1]Ref: INT019

Entry level Qualification in Supply Chain Management.

20. Research [x1]Ref: INT020

Diploma / Degree in Social Sciences, (with modules on Research; Project Management; Basic Statistics).

21. Knowledge Management [x1]Ref: INT021

Diploma / Degree in Information Science / Information Management.

22. Legal and Compliance [x1]Ref: INT022

Diploma in Legal Studies / Legal Degree. REGIONAL & SATELLITE BRANCHES

23. Gauteng South 3Ref: INT023

N6 TVET Student; National Diploma: Management Assistant.

24. Gauteng North [x1]Ref: INT024

N6 TVET Student; National Diploma: Management Assistant.

25. Kimberly [x1]Ref: INT025

N6 TVET Student; National Diploma: Management Assistant.

26. Bloemfontein [x1]Ref: INT026

N6 TVET Student; National Diploma: Management Assistant.

27. Cape Town [x1]Ref: INT027

N6 TVET Student; National Diploma: Management Assistant.

28. Witbank [x2]Ref: INT028

N6 TVET Student; National Diploma: Management Assistant.

29. Polokwane [x1]Ref: INT029

N6 TVET Student; National Diploma: Management Assistant.

30. Durban [x1]Ref: INT030

N6 TVET Student; National Diploma: Management Assistant.

31. Port Elizabeth [x1]Ref: INT031

N6 TVET Student; National Diploma: Management Assistant.

32. King Williams Town [x1]Ref: INT032

N6 TVET Student; National Diploma: Management Assistant.

Requirements: Applications are invited from unemployed South African Citizens aged between 18 and 35 years who have completed a minimum of any of the following: NCV Level 4 / N6 / National diploma or B degree in the relevant fields as indicated above.

How To Apply

Download Application Form (PDF)

Application process: Applications must be accompanied by a comprehensive CV and certified copies of qualifications (including Matric certificate), academic records and Identity Document sent to: recruitment@merseta.org.za.

Compulsory: All applicants are requested to indicate the Ref: Number provided on the subject line of the e-mail. Applications sent without all the required documentation and the reference number will be disqualified