
Through
EscroServ,
you can arrange to have a professional third party escrow agent
handle all the details involved in servicing a first, second, or
wrap-around mortgage, deed of trust, land contact, Bond for Deed,
option or other installment loans. Whether you've agreed to
accept payments on a promissory note or decided to include private mortgages in your investment portfolio,
we have the experience and expertise required to properly
service any installment plan. EscroServ
can provide noteholders with the convenience of automatic fund
disbursements, regardless of the date payment is received.
We work with property
owners, purchasers, real estate brokers, insurance agents, Notaries,
title insurance agents and attorneys to insure all parties are in
full agreement before the contract is signed. The closing
agent will complete a public records search to discover any
mortgages, liens, judgments and/or unpaid taxes that could effect
the purchaser's position.
EscroServ's
standard contract (which includes provisions for binding arbitration
in the event of controversies and owner's authorization to act on
their behalf when dealing with property taxes, insurance and
underlying mortgage holders) is customized for the uniqueness of
each situation. The final agreement is then signed before a
Notary Public and a Memorandum is recorded in the public records to
protect all parties.
The
end result: quality contracts, quality servicing, and fewer
defaults with happy buyers and sellers!