What do you need to do before selling
your property and hiring an Escrow Company?

The performance of an Escrow Company
can only be as good as your note! Since
the Escrow Company is bound to the
terms of the note, the Seller should
seriously consider hiring legal real
estate professionals before the sale
to limit risk, maximize investment return,
and to provide the legal basis for the
Escrow Company to fully manage
the note by including specific provisions.

Here are some sample questions for your
Attorney when selling your property on an
installment note:

• Should I consider a late payment
  charge and how much can
  be charged?
  
  
• If the Buyer does not pay the
  Mortgage Company, am I liable?
  
  
• Should I allow assignment of the note
  without my permission?
  
  
• Do I accelerate the note if the Buyer
  stops making payments?
  
  
• Should I consider collecting the taxes
  and insurance monthly?
  
  
• What are the Internal Revenue Service
  requirements?
  
  
• Is the interest on the note computed?
  
  
• If I have an Escrow Company service my note, can I have the Buyer pay
  the costs?
  
  
• What if I already have a note?
  Of course notes without specific
  escrow provisions can still be
  enhanced through escrow services,
  but the Escrow Company maybe
  limited in their note servicing
  options for the Seller.
  
  
  

Get the answers to your questions!

Call us today 915.855.6298