NoteWorld Servicing Features for Sellers.
When we talk about servicing your seller financing (owner financing) account, we’re talking about the complete management of the terms of the note or land contract.
Professional servicing assistance provided by experts in seller financing (owner financing for land owners) 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 during your seller financing agreement.
If you choose not to use insurance impounding, we can still ensure your buyer protects your investment with current property insurance during your seller financing agreement.
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 seller financing 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 seller financing 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 seller financing 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, as your third-party servicer we can easily mail this effective notice by certified mail, so you don’t have to get involved.
If you ever decide you’d rather have a one-time lump sum of cash, NoteWorld is also the leading purchaser
of real estate land contracts like yours. We consistently pay the highest prices in the nation. And we do all
the work during the selling of your mortgage note.
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