Protect Your Investment: Why Professional Loan Servicing Matters
How Third-Party Loan Servicers Can Protect Homebuyers From Costly Scenarios Like David Ortega’s The story of David Ortega’s potential foreclosure despite years of timely payments highlights the risks that can arise when home purchases and payments are not properly managed by a neutral, third-party servicer. Situations like these emphasize the importance of partnering with a […]
The Lurking Danger of “Zombie” Second Mortgages for Real Estate Investors
In the dynamic world of real estate investing, opportunities often come with hidden risks, and one such peril lurking in the shadows is the dreaded “zombie” second mortgage. For investors diving into the strategy of purchasing properties subject-to an existing mortgage, these undead debts can turn a promising investment into a nightmare scenario if not […]
Subject-To Mortgage Sales with Southern Loan Servicing
Are you considering a subject-to mortgage sale for your property? It’s an enticing avenue for both buyers and sellers, but navigating the complexities can be daunting. Here, we outline some of the biggest mistakes associated with subject-to mortgage sales and how Southern Loan Servicing, as a third-party loan servicing company, can help you steer clear […]
Saving Capital Gains Tax with Seller Financing
Capital gains tax is a significant concern for many property owners looking to sell their assets. However, there are strategies that can help mitigate these tax liabilities, and one such strategy is seller financing. Seller financing not only benefits the seller by spreading out the tax burden but also offers potential advantages to the buyer. […]
What is the difference between a “Lease Purchase” and a “Bond for Deed/Land Contract”?
Lease Purchase and Bond for Deed are both methods of real estate transactions that allow a buyer to acquire property, but they involve different legal and financial mechanisms. Here’s a breakdown of the differences between the two: Lease Purchase Bond for Deed (Land Contract or Contract for Deed) In summary, while both lease purchase and […]
What is the difference between “Subject-to” and “Land Contract”?
A “subject to” and a “land contract” are both real estate transaction terms that involve the sale of property, but they represent different approaches and legal structures. Let’s explore the differences between the two: 1. Subject To “Subject to” refers to a real estate transaction where a buyer purchases a property subject to the existing […]
Owner Financing: What is it and how it works
Owner financing, also known as seller financing or purchase money financing, is a real estate arrangement where the seller of a property agrees to finance the buyer’s purchase instead of the buyer obtaining a traditional mortgage from a bank or other financial institution. In owner financing, the seller effectively becomes the lender, allowing the buyer […]
What is a Deed in Lieu of Foreclosure?
At Southern Loan Servicing, we are here to help you learn about your options and make seller financing more accessible. Today, we’re covering a deed in lieu of foreclosure, which can offer some security for hesitant sellers/lenders. A Deed in Lieu of Foreclosure (DIL) for owner financed loans is a similar concept to the traditional DIL, […]
Capital Gains Tax?
Whether you’re selling lemonade, clothing, cars, or real estate, the goal is always to make a profit. But in some cases, the more you make…the more they take (in taxes, that is). When you sell your house, you face a capital gains tax based on your profit. So, if your home has increased in value, […]
Follow us on YouTube!
At Southern Loan Servicing, we care about creating relationships with our clients on and offline. Oftentimes potential clients don’t know where to start, we have created a series of videos to answer most typical questions. Learn about the steps for owner financing, and why you would choose this option. What are Escrow Holdings? How do […]