There are many advantages to using a third party escrow agency to service your loan. When you sell your property and accept a Promissory Note secured by a Deed of Trust or Real Estate Contract, you take on the risks and responsibilities of being a lender. Some advantages to using third-party escrow are:

• A neutral party accepting payments, computing interest, principal, and late charges. Eliminating future disputes over balances owed and protects the buyer’s credit history

• The secure holding of original documents until the account is paid in full and recording of documents after payoff

• Setting up reserve accounts for the payment of taxes and insurance, with annual recomputation to update tax and insurance amounts paid

• Eliminating the need to release your social security number to the other party. Both parties will use our TIN (Tax Identification Number) to report to the IRS