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Updated over 1 year ago on . Most recent reply

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45
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David Woz
  • Rental Property Investor
  • SF Bay Area, CA
112
Votes |
45
Posts

Loan servicing company

David Woz
  • Rental Property Investor
  • SF Bay Area, CA
Posted

I’m going to be purchasing a property from a trust.    I’m the manager of the trust and there are several beneficiaries in the trust.   

The trust owns the property outright.    I will be putting down roughly 75% of my personal funds and the trust will privately finance the remaining 25%.   

My question is are there any companies out there we can pay to service the loan?  I want it to be totally neutral 3rd party to collect the money, pass it on to the trust, make sure the loan is paid back as appropriate, issue monthly and  year end tax documents etc    

That way everyone in the trust is on the same page and give everyone full transparency.  

Any companies/banks  out there that do this?

Most Popular Reply

User Stats

56
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23
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Canneton Howard
  • Rental Property Investor
  • Logan, UT
23
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56
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Canneton Howard
  • Rental Property Investor
  • Logan, UT
Replied

@Aaron Frances

Who did you end up going with for your servicing company and how have things been going with them?

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