In short, we manage the time-consuming owner-financed loan management activities so you are free to focus on your own life. Southern Loan Servicing is an owner-financing loan servicing company that provides objective and knowledgeable third-party loan services to borrowers and lenders using owner-financing. Our staff, software, affiliated companies, and long history allow you to trust that we can structure, administer, and close out your owner-financed transaction efficiently and accurately.
We offer 24/7 online self-service for checking on the status of payments and account balances, handle the standard IRS reporting forms, pay underlying mortgages and escrows, and can work with you on challenges that arise throughout the course of the owner-financed loan.Owner-financed mortgages have a number of features that make them unique and not like a vanilla mortgage.
We offer 24/7 online self-service for checking on the status of payments and account balances, handle the standard IRS reporting forms, pay underlying mortgages and escrows, and can work with you on challenges that arise throughout the course of the owner-financed loan.Owner-financed mortgages have a number of features that make them unique and not like a vanilla mortgage.
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Southern Loan Servicing answers the most commonly asked questions here, from initial account setup through to common "what if?" questions and on to account close out. We've put the answers here for you. If you have a question that isn't included below, please contact us directly.
The title company performs research into public records, such as deeds, mortgages, paving assessment, liens, wills, divorce settlements, and other documents affecting title to the property.
The title company performs research into public records, such as deeds, mortgages, paving assessment, liens, wills, divorce settlements, and other documents affecting title to the property.
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Knowing how amortization works is essential to understanding how monthly payments are applied to your mortgage. Amortization is the industry term used to describe the calculation of monthly installments of principal and interest on a routine schedule. The amortization period is the length of time that it will take to pay back the borrowed money.
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