by Structured Settlement Watchdog®
Seeman Holtz “sample of its newest inventory” underscores why some structured settlement annuitants get royally screwed by not shopping around
In its “sample of newest inventory”, Seeman Holtz lists putative structured settlement investment opportunities for cash flows that start immediately, not deferred, that bear what they represent as effective rates of 7%.
Boca Raton Florida based Seeman Holtz, or whomever originated these deals, had to incur several thousands of dollars in legal expense and build in a profit margin before they could be offered for sale by Seeman Holtz.
Seeman Holtz makes an admission in the introductory recording on its site that such payments “have been sold (by annuitants) at a deep discount” [emphasis added]. The operative question is “how deep?”
So what effective rate did the seller of the structured settlement payment rights have to incur with the originator, in order for Seeman Holtz to be able to offer the cash flow to investors with a 7% effective rate? Was it 9%, 14% or more? Remember, Seeman Holtz said “DEEP discount”.
Always shop around to avoid getting a bad deal.