Long Term Escrow/Contract Collectors

SOME FEATURES OF LONG TERM ESCROW/CONTRACT COLLECTIONS ARE:

  • Collection and disbursement of payments as directed
  • Statement to Payee showing payment received and account status
  • Annual Statements to Payee and Payer
  • 1098 and 1099 reporting for tax purposes
  • Storage of original documents upon request (required if true Escrow)

SOME OPTIONAL SERVICES

  • Tax & Insurance payments
  • Verification of property tax payment by payer
  • Late payment notices to payer
  • Paying underlying indebtedness
  • Paying multiple parties
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