Education Center

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

Common Lender questions during the loan’s closing out period

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.
borrower questions during the servicing period

Common borrower questions during the servicing period

Will you report my payments to the credit bureaus? What are the rules for taxes and insurance? What are escrow holdings for? What happens if I am late with a payment?
Common Borrower questions during the contract period

Common Borrower questions during the contract period

What are the types of owner financing? What if we have a cash down payment, is that written in the contract as well...
Common Seller questions during the loan’s close-out period

Common Seller questions during the loan’s close-out period

What do I need to do to prepare to close out my servicing agreement? What are prorations/other costs?
Common Seller questions during the contract period

Common Seller questions during the contract period

Why should I use a Bond for Deed or Land Contract? Why should I use a third-party servicer for my Bond for Deed or Land Contract...