A private mortgage is one where the seller of a property transfers title to the purchaser and finances the purchase by taking back a promissory note secured with a mortgage on the property. When the seller in such a transaction does not want the responsibility associated with being a 'lender', Escrow Services can fulfill these obligations.

Private Mortgage

Escrow Services can fulfill these obligations by:

• Invoicing monthly
• Generating notices of non-payment
• Providing accurate records of all payments
• Providing Form 1098 report to the Purchaser, as required by the IRS
• Escrowing for taxes and insurance

Escrow Services' private mortgage servicing is an affordable and professional servicing alternative for:

• Professional investors
• Individual sellers financing a property
• Transactions between friend and family where one or both parties desire an intermediary to provide an 'arms length' relationship
• Any seller desiring a passive role in the servicing of a private mortgage