NoteWorld Servicing Features.
When we talk about account servicing, we’re talking about the complete management of the terms of the note or contract.
Professional servicing assistance is just a toll-free phone call away.
We collect and pay your buyer’s property tax and property insurance, making certain your investment is kept secure.
If you choose not to use insurance impounding, we can still ensure your buyer protects your investment with current property insurance.
We send late notices for you, helping you avoid embarrassing contact with your buyer and making sure you get paid promptly.
Your payments are quickly and securely deposited directly into your bank account. No more watching the mailbox.
We make it easy and convenient for your buyer to pay on time, so you get your money fast.
We send an official year-end statement to you for your seller financing account making it easy to stay in full IRS compliance. And,
we report to the IRS the total amount of interest paid by your buyer at the end of each year. This important function is required by
Federal tax law and we eliminate this hassle for you by reporting on your behalf.
NoteManager, our industry-leading account information tool, keeps you informed of all the activity on your account.
If you choose to sign up for our FREE Electronic Services, we’ll not only mail you an official statement on the status of your account each time there is payment activity, we’ll also email you.
If a cash out or exchange of ownership is in order, our accurate payoff statements make the process easier.
A history of your account activity is available instantly online at no charge. You may also request a mailed hard copy.
If your buyer should happen to fall behind on payments, your third-party servicer can easily mail this effective notice by certified mail, so you don’t have to get involved.
If you ever decide you’d rather sell your real estate (promissory) note for cash flow, NoteWorld is also the leading purchaser of real estate contracts like yours. We consistently pay the highest prices in the nation and we’d be happy to tell you the value of your note.
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