Southern Loan Servicing can administer any type of owner-financed installment loan, whether it be for homes, vehicles, motorhomes, mobile homes, RVs, personal watercraft, vacation property, aircraft or any other item.
Owner-financed installment loans are any type of loan that the seller allows the buyer to pay for the purchase using a payment schedule over a set period of time.
The seller and the buyer need only agree on the terms of the loan, then register the loan with us. We will collect the payments as the contract stipulates, providing a safe, objective way for both parties to a transaction to be protected from poor loan administration practices.
Contact us today to learn more about how our loan administration and servicing is an effective option for you.
Southern Loan Servicing is a comprehensive owner-financed loan servicing company and Louisiana’s largest Bond for Deed servicing firm.
We serve any owner-financed, amortizing loan issued by individuals, lenders, note brokers, loan brokers and private investors.
There are no hidden charges and no cancellation fees with our affordable flat monthly fee for loans of any value.
We offer simple, worry-free 24/7 online self-service account management and loan administration.
Whether it’s a home, car, boat or other type of owner-financed loan, we can service it for you.
Contact us to learn more about how we can provide you with safe, automated loan servicing options for any type of owner-financed installment debt.
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The fact is that borrowers and lenders do not often agree on the details, timing or amounts of payments made. Consider some of these cases that we have seen…
* on-time payments made to a lender that were not recorded, but were contested once the original lender was deceased and the heirs wanted proof of payments made;
* intentional dishonesty from one or both borrowers and lenders regarding payments and amounts due;
* attempts by borrower to build credit using private loans, but unable to report because of the payments were not recorded anywhere;
Only an independent and experienced third party loan servicing company, like Southern Loan Servicing, can offer you protection from these risks.