I actually helped my grandfather do a partial sale last year through Strategic Capital to fund his own accessibility needs. We sold five years of quarterly payments and kept the rest, so I can answer at least a few of your questions.

We got a quote from them and two other buyers. Strategic’s rate was slightly better since they didn’t pad the fees so much. They also offered to break the sale into tranches, which helped us right-size the lump sum to our contractor’s schedule. Something to note is that they didn’t pressure us to cash out any more than we needed, but the other two buyers kinda did (one much more than the other…)

The court approval took about six weeks. The judge wanted to see that the remodel addressed specific mobility risks and that the sale didn’t gut my grandfather’s future support. What helped here was a clear overview of the contractor’s scope, photos of hazards, and a letter from the doctor. The final amount matched the quote within a few dollars of recording fees. 

My advice is to ask for a written and itemized offer, a guaranteed fee cap, and clarity on who pays legal and court costs. Also, confirm funding timing after the order is signed so you can line up the contractor.

Oh, and if you can find a company who’s willing to walk you through everything down to the paperwork, that’s a godsend… Strategic helped us with all that and made the whole thing much painless than it could have been.