Seller Financing is Easy When
NoteWorld Services Your Account.
We make life easy for seller financing (also known as owner financing)
sellers by managing all the details for you. NoteWorld does everything from keeping your documents secure and
compliant to collecting payments from the buyer on your seller financing deal and quickly depositing them to your
account. Our secure online account area allows you to track payments and monitor the
remaining principal and interest, plus much more.
Buyers make payments directly to NoteWorld. NoteWorld records the payment, calculates the changes to the principal and interest, subtracts any appropriate fees, and then quickly transfers the payment to the seller. NoteWorld also holds original documents for release when the account is paid in full.
In addition, NoteWorld provides all the features you would expect from a traditional mortgage servicer, even though we specialize in seller financing. We provide payment coupon books for the buyer, mailed monthly statements for the seller, online account information, Direct Deposit and Automatic Withdrawal, automatic late notices, the ability to make payments over the phone, highly trained customer service, and much more. NoteWorld can garner tax and insurance payments to keep investments safe.
NoteWorld takes all the hassles out of seller financing contracts so that buyers and sellers can spend their time on more important things.
No problem. In addition to escrow collection, where original documents are held, we also offer a contract collection servicing, which only requires copies of the documents. The seller can hold the originals themselves. This arrangement is a two-party agreement between the seller and NoteWorld Servicing Center. Though this is not the highest level of servicing or security, depending on the customer's needs, this may occasionally be the way to go.
NoteWorld Servicing Center provides an automatic late notice program, which advises the buyer and the seller in writing that we did not receive their seller financing payment on time. If there is a late charge clause in the note, it advises them that a late fee has been assessed. This effective method keeps buyers making payments on time, and helps sellers avoid embarrassing phone calls.
For buyers with serious delinquency problems, we also have a notice of seller’s intent to foreclose service, which is sent by certified mail to the buyer. This notice has proven to be a highly effective means of turning delinquent accounts into current accounts.
  
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