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5 August 2024 | 9 replies
Howdy Folks,I want to create options for my sellers moving forward to help ease them into the possibility of providing private seller financing for buyers.I have come up with a list of 3rd party loan servicing businesses, but I also want to provide a software option where the seller can more directly manage the loan.First, let me share the list of 3rd party servicers (please let me know if an awesome player in this space is omitted):Evergreen Note Servicing | Note Servicing Made SimpleFCI Loan Servicing - Loan Servicing Programs for Lenders of any size.Loan Servicing - Weststar MortgageNoteSmith HomeMortgage & Note Servicing - Note Servicing CenterWelcome to Statebridge - Statebridge CompanyLogin - AlliedServicing CorporationI really have not found any good software solutions that would fit well with a seller who may have just one private loan to manage.
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5 August 2024 | 15 replies
The alternative we've used is a "Buy Before You Sell" program.
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3 August 2024 | 10 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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4 August 2024 | 5 replies
You really need to educate yourself on your own state's laws, as every state administers their own programs with federal money.
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31 July 2024 | 5 replies
The search feature isn't the most functional.
4 August 2024 | 1 reply
@Mat FisherMost programs are very expensive which is why it’s easier to pay a servicer $25-$35/month th manage that process and they will also do all the tax forms and handle escrow
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4 August 2024 | 13 replies
By happenstance the lender I work for treats the territory like a mainland loan (think Hawaii) and almost all conventional programs are available and even priced accordingly.
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5 August 2024 | 3 replies
The inability of the tenant to pay rent significantly affected my cash flow, and despite the availability of state aid programs, it took several months to bounce back.
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5 August 2024 | 8 replies
I am an investor and Program/Project Analyst, currently dealing with something similar.
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3 August 2024 | 17 replies
The county Housing Authority that administers the section 8 program should be able to help you in finding tenants with vouchers who are looking for a new place to live.