Private Mortgage Servicing Is Not Only for Big Lenders
Individual sellers can secure professional record-keeping, escrow handling, and neutral payment administration for a single loan at a low flat fee.
Individual sellers can secure professional record-keeping, escrow handling, and neutral payment administration for a single loan at a low flat fee.
Self-directed IRA custodians hold the asset, but independent escrow agents must collect, track, and disburse the monthly payments.
A flat monthly servicing fee offers property sellers better long-term value than a schedule filled with per-item administrative charges.
One common misconception is that sellers save money by collecting private mortgage payments directly.
Conventional lending is shutting out younger buyers, but sellers who offer a Bond for Deed or private mortgage can set their own down payment rules.

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