Unified Mortgage Service, Inc.

"Your Loan Servicer"

Loan Servicing for Brokers, Private Lenders and Sellers in Seller Carry Back Financing

Unified Mortgage Service, Inc. Loan Servicing
2020 Camino del Rio North
Suite #230
San Diego, CA 92108
United States
ph: (619)298-4990
fax: (619)752-1654
umsi@umsi.biz

Specializing in Trust Deed Management Services

Your Loan Servicer providing Loan Servicing Throughout California

Our Loan Servicing:

Who Benefits from Loan Servicing by Unified Mortgage Service, Inc.?

·Independent Investors

·Sellers of Real Estate Carrying Back Notes From Purchasers

·Investment Managers or Attorneys

·Banks, Savings & Loan Associations and Other Financial Institutions

·Trust Companies and Pensions

·Brokers originating loans

Types of Loans for Loan Servicing:

Subject-to is a method of acquiring property wherein there is an existing mortgage or deed of trust when the new owner agrees to take title with the responsibility to continue to make the payments on the promissory note secured by the mortgage or deed of trust. The new owner buys the property "subject to" the secured debt. Should the new owner fail to make the payments, the original debtor remains liable for the payment, but the holder of the mortgage or beneficiary of the deed of trust may foreclose and the buyer could thus lose title. In the 1990s there were AITDs or wrap around loans that required our loan servicing.

Consult an attorney before attempting to enter into a subject-to transaction. When used with caution and integrity this technique may be a strategy for the experienced investor and a good option for a distressed homeowner depending on the situation.

Assuming a Loan: Somewhat Different from the Subject-to method of buying a property leaving financing in place, in this transaction the new title holder assumes the mortgage or deed of trust by a written transfer of the obligation from the lender. Such a transfer must be approved by the lender. The Lender may not approve this transaction as the new owner's credit may or may not be as strong as the original owner/borrower.

Seller Carry Back Financing: Owner Financing or Seller Carry-Back Financing is becoming more popular. Seller financing is a loan provided by the seller of a property to the buyer, to cover part or all of the sale price. This process, also known as owner carry back or owner financing, is used in a variety of situations as a creative financing option. It is often beneficial to both the Borrower and Lender or Beneficiary to have a neutral third party loan servicer.

There are risks associated with creative financing and there may be tax consequences; you will want to discuss any of these oprions with your attorney and accountant. We list these creative financing options on our site only as to demonstrate alternate types of loans that we may be able to service for you.

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Loan Servicing by Unified Mortgage Service, Inc. visit us at www.umsi.biz. or call us at (619)298-4990.

We are Licensed by California Department of Real Estate, Real Estate Broker 01182001 and licensed through the Nationwide Mortgage Licensing System & Registry (NMLS) as NMLS 253301 and 253661.

This site is not intended as an advertisement or solicitation outside of California.

Thank you for visiting our loan servicing site. Please let us know if there is any way we can improve our loan service site.

Unified Mortgage Service, Inc. www.umsi.biz

Hard Money Loan Brokers: Thank you for your loan servicing referrals!