Then you might want to know about a servicing company that can help with the 3rd party servicing of loans. Traditional purchase and sales usually involve conventional bank financing and these larger firms usually have their own loan servicing departments or they contract it out.
As a private property owner who is selling, you can also use a similar service if you are offering seller financing for your home. Considering how the mortgage markets have been getting tossed around it might give you a selling advantage in today’s selling market. This service can also be used for private party contracts and for seller carrybacks.
Check out the website of Contract Servicing to learn more. Always do your own due diligence before hiring any firm. This company is a division of Fidelity National Financial.
