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Updated 12 months ago on . Most recent reply

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Rosemarie Smith
6
Votes |
12
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Seeking Service Company for Owner Finance

Rosemarie Smith
Posted

Hello Everyone, I'm seeking a servicing company that can assist for a seller finance deal in Maryland. We'd like to have the borrower the ability to pay back the loan faster than 30 years if they choose, so delivering straight to the bank account may not be ideal.

Also, anyone who has completed one of these transactions, could we connect? I'd love to see a previous term sheet, something that highlights the repercussions of the borrower defaulting on payments will allow the seller to resume ownership of the property. I want to make sure they're covered. :)

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Patrick Roberts
  • Lender
  • Charleston, SC
1,131
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Patrick Roberts
  • Lender
  • Charleston, SC
Replied
Quote from @Rosemarie Smith:

@Patrick Roberts Do you have a servicing company you recommend who could handle a Maryland deal? 


 Madison, Provident, FCI are some of the more notable and reputable vendors. There are a few others as well; these are the ones I have dealt with recently. 

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