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Updated about 5 years ago on . Most recent reply

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25
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9
Votes
NA Jones
9
Votes |
25
Posts

Owner financing and loan servcing

NA Jones
Posted

Need a recommendation for a loan servicing company.  And appreciate any advice on selling to a tenant.

Over the years  plenty tenants have asked. But learned to ignore them.

But now have I one and I am sure they are serious this time.  They have the down payment. But this will be my first time with seller financing.

Price 180K with 80K down payment

8% over 20 years

Thanks

Most Popular Reply

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3,923
Posts
3,391
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Joe S.
  • Investor
  • San Antonio
3,391
Votes |
3,923
Posts
Joe S.
  • Investor
  • San Antonio
Replied

August REI report On their credit. There are many other note servicing companies that are available. The first note service company we ever used a number of years back was Evergreen note servicing. The bottom line is all note servicing companies fall short if the buyer does not make their payments correctly.

  • Joe S.
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