RESPA COMPLIANCE FOR SERVICING LOANS WITH IMPOUND/ESCROW ACCOUNTS Lender often wants borrowers, in addition to making payments for principal and interest to pay additional sums to satisfy other obligations that become due or payable. The most common is impounding payments for property taxes and [...]
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Does the Note Servicing Center originate or create documents (notes and trust deeds)? No, Note Servicing Center is a third party authority. We take care of servicing once the Note has been completed and is in force. Buyers (Borrowers) and Sellers (Investors/Lender) should seek [...]
Borrowers Benefits Seller Financing can help you purchase your dream home, land or even an investment property for that matter, even if you cannot qualify for a bank loan. With over 35 years real estate experience, we have found there also there are many [...]
The Note Servicing Center Inc., Privacy Pledge to You: We pledge to always protect the information you share with us, and we will never collect any personal information about you without you knowingly providing it. The data we collect remains with our family of [...]
Note Servicing Minimizes disputes over principal balances at any given time Adds Cash Value to Notes by Providing Payment History, monitoring and aggressive delinquency collection procedures. Provides an Audit Trail for Tax Purposes Provides Statutory Annual Reporting and Federal 1098 and 1099 Reports Fractionated [...]
Exchange Intermediaries Experience indicates it not unusual for an Exchange Client involved in a Delayed Exchange to take a promissory note as boot to balance equity on the property relinquished or execute a promissory note to balance the equity on the property being acquired. [...]
WE’RE HEADS ABOVE THE REST! If you are not 100% satisfied with your present loan servicing company. And if you need some reasons for changing loan servicing providers, here are but a few: • We Do Not “nickel and dime” you to death for [...]
This Glossary is especially designed and focused to assist seller/beneficiaries and buyer/borrowers to better understand the terms generally used in the Note and Trust Deed Industry. It is not "all inclusive" in content. If you need assistance in determining the definition of a word [...]
