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