Certified Public Accountants
CPA’s who specialize in tax, divorce, or estate work often have clients who are receiving payments on mortgages, trust deeds or other notes and receivables.
Some property owners choose to provide financing to new buyers when they sell their home or investment properties. This may be referred to as seller financing, owner assisted financing, or owner carry back financing
When a your client has sold property and taken back a mortgage or deed of trust and are now collecting payments from the buyers, you may find the client requests you to “service” this note by collecting from the buyer and disbursing the payments to their account. The Note Servicing Center has the experience and capabilities to assist you in this process and handle everything so you can concentrate on building your business.
We service Land Contracts (aka: Contracts of Sale, Contract for Deed) Notes of all types secured by Real Estate regardless of “recording position” of the note; Multi-Investor (Fractionated Loans), All Inclusive Notes, Vari-Interest Rate Loans, Home Equity Loans, and notes with complex payment schedules and terms. We also service Auto Loans and Contracts both secured and unsecured as well as other forms of Cash Flows and Debt Instruments.
The tracking and paying of underlying existing mortgages represents standard servicing as well as the impounding for taxes and insurance including the payment of these expenses when due providing we are sent the invoices and included as an additional loss payee so that insurance bills can be sent to us. Escrowing for Home Owners Dues and other Expenses is provided as well as pay off demands and year end 1098 and 1099 at no additional cost.
Because of the unavailability of bank loans, even to qualified borrowers, the Intra-Family loans have become popular in recently months. Typically a family member with investment capital available agrees to loan to a young family couple to purchase a home. The use of a third party authority to take care of the collection, disbursement, monthly statements and year end IRS reporting is priceless. The Note Servicing Center routinely provides this service at an affordable monthly rate.
Share This Story, Choose Your Platform!
Related Posts
Disclaimer
The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind. Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances. Some articles on this site include hypothetical stories, examples, and scenarios created to illustrate concepts and demonstrate the types of situations Note Servicing Center, Inc. handles. Any names, companies, properties, and circumstances in these examples are fictitious or have been anonymized to protect confidentiality, and any resemblance to actual persons or entities is coincidental. These examples do not describe specific clients and do not guarantee any particular outcome. Some content may be created with the assistance of generative AI tools and may contain errors or omissions. While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.