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About Seller Financing
Who Needs Seller Finance Service?
Benefits of Seller Finance Service
Services Offered
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  • There are generally no lender fees, loan fees, or points charged for Seller Financing, thus the buyer pays less in closing costs.
     
  • Without underwriting or appraisal requirements, the seller can attract buyers that would otherwise not automatically qualify to purchase the property.
     
  • Provide a fixed income return.
     
  • Can facilitate a real estate transaction that would not otherwise take place, and benefit both the buyer and seller.
     
  • Seller Financing can defer the capital gains tax for the seller, payable under the installment sales method, as the principal is repaid under the Seller Financed loan.

How can we help?
We can protect your investment by . . .

  • Professionally managing all the bookkeeping associated with your contract, we’ll provide you greater protection and peace of mind.
     
  • Automatically deducting the monthly payments from the buyer’s checking account and depositing the funds into your bank account.
     
  • Confirming that the buyer has adequate funds to pay taxes. You could forfeit your property to the tax authority if the borrower doesn't pay taxes or has insufficient funds.
     
  • Confirming that the buyer doesn’t fall behind on insurance. Your investment could be at risk if a tragedy occurs, and your property insurance is in arrears.
     
  • Submitting required data to the IRS for interest reporting on behalf of you, the seller, and the buyer (1098 and 1099 filings).
     

For further information on the Benefits of our Service, call us at 1-800-919-3009 or email us at sellerfinance@loancare.net. A representative will be happy to assist you.