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Updated over 9 years ago on . Most recent reply

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153
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39
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Michael Healy
  • Investor
  • Great Barrington, MA
39
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153
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Note servicing platform for owner finance?

Michael Healy
  • Investor
  • Great Barrington, MA
Posted
Is there an online note servicing platform you use for owner financing? One that keeps track of any prepayments and adjusts balloon and interest owed? Thanks!

Most Popular Reply

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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,139
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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I use a local bank's contract servicing.  They hold all original docs and do the amortization, interest reporting, etc.  I'd check with a community bank in the area of the property.

@Brian Gibbons has one he recommends to his students.  I think it's an online service like you seek.  Thanks, Brian!

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