All Forum Posts by: Chris Bounds

Joel Owens, thanks for the info. The loan service company said their 3rd party mortgage verification reports will help my buyers refi. Of course that doesn't help their score, but it seems that is about all I can do.

The servicer I'm looking at is http://sellerloans.com. They look pretty solid, but if anyone else has a referral I'd be happy to look into it.

I have a property that I am looking to sell by offering owner's financing.
My primary goal is to amortize the loan for 30 years with a 3 year balloon. Reporting to credit agencies will help the buyer refinance out within that time frame.

I understand that using a loan servicing company is a great for efficiency, but it seems that most of them now do not report to credit agencies. The only one that I found that did report to the credit agencies cost $60/mo with a 3% refinancing fee!

What loan servicing companies do you recommend and do you know any that still report to credit agencies? Also, what is a good interest rate to charge for owner's financing? I'm in Houston, TX.

Hi,

I see that contacting a title company to obtain lists of absentee owners is the thing to do. However, the two most recent title companies I've used said they do not have that kind of information. This is specifically what I asked:

"Are you able to provide lists of absentee, probate, or free & clear property owners?"

Am I asking the wrong thing?

Thanks!