Mortgage Servicing Company.

Comments(6)

• 
  TheShortSalePro6th July, 2004

  Congrats. Perhaps the title company that did your prepurchase title investigation can recommend a loan servicer.
  
  Or, check out:
  
  http://www.fitchratings.com/corporate/fitchResources.cfm?detail=1&rd_file=serv
  [addsig]

• 
  Perluser6th July, 2004

  Thank you for a great advice ShortSalePro!
  
  I didn't actually think about the Title agency. I will give them a call.
  
  PerlUser.

• 
  mattfish116th July, 2004

  PerlUser -
  
  Can I bounce some questions off you about subject-to in NJ? I am wondering, since we don't use title companies to close - where did you get the proper paperwork for doing subject-to deals?
  
  What do you use for getting the deed in your name, etc?
  
  Thank you,
  [addsig]

• 
  Perluser6th July, 2004

  Matty,
  
  This wasn’t a subject-to deal. I came across a preforeclosure property that had some equity in it and plenty of county liens attached to it. I did my research and simply negotiated with the bank to discount the mortgage to a 60 % from what was owned at that time. This way even after the county gets their money I am still getting great deal with at least $60,000 equity in it and $2,400 of positive cash flow every month (this is a 6 family dwelling).
  
  PerlUser.

• 
  mattfish117th July, 2004

  I see - that is one heck of a deal!
  
  Congrats on that!
  
  Good Luck to you!
  
  [addsig]

• 
  daveh16th July, 2004

  Also try Equity Managment of Midpines, CA. I use them for some of my loans here in Michigan. Do a google serach for their website.