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Updated 6 days ago on . Most recent reply

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Amanda Orson
  • Pittsburgh, PA
4
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Need Servicer for Seller-Financed Property in PA – Any Recommendations?

Amanda Orson
  • Pittsburgh, PA
Posted

Sold a SFH w/ seller finance in place, now need to secure a servicer for a home in Pennsylvania. Does anyone have experience with FCI Loan Servicing or Madison Management they'd like to share?

Or another Seller Finance / Note servicer they'd recommend? 

Most Popular Reply

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Matt Devincenzo
  • Investor
  • Clairemont, CA
2,660
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3,156
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Matt Devincenzo
  • Investor
  • Clairemont, CA
Replied

I currently have three loans with FCI, but I purchased them from a loan workout provider that already boarded them there. Overall everything seems fine, payments are made regularly via ACH, notes show up in the portal etc. I had two payoffs and one BK, all of those were navigated well so no issues there. 

I know currently Madison seems to be a preferred vendor for many SF deals. I've typically heard good things, I only use FCI since that is who had the loans when purchased. 

@Chris Seveney is an active note investor and may have recommendations. Another that is out there if BiFi servicing, which Chris is involved in so he can share if they're doing SF notes.

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