rent payments in L/O: to third party? - Posted by Jim_MN

Posted by Houserookie on March 07, 2003 at 02:20:00:

You can search the web for loan servicing companies and explain your situation…or try the local yellow pages.

Another option is to ask $CASH$, a CREonline regular, about his subject-to course where he covers payment processing. The other courses “ignore” or “forget” this aspect of the business.

Cash has done over 500 sales so he’s quite familiar with third party servicing.

I don’t know any other person in the business that has reached this level of success.

Austin

rent payments in L/O: to third party? - Posted by Jim_MN

Posted by Jim_MN on March 07, 2003 at 01:25:12:

Good People,

As the middleman in a sandwich lease/option, do you want to send your payments to the original homeowner or use a third party who will make the monthly payments? If the latter, which seems safest to me, how do you find someone to provide the service for you?