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Ep. 8 Expert Loan Servicing, Owner financing, and Selling notes with Amy Sayre
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Amy Sayre runs one of the fastest growing loan servicing companies in the countries. Loan servicing is a vital part in the process for owner finance investor's as far as keep there time management under control and being able to produce a quality less risk note for sale to the back end note buyer. They handle taking in the payments and collections, the organization of the loan info, and anything and everything in between. A good loan servicer like August REI will do everything that you don't have the time to do and make sure it is all kept organized and efficient. A great Loan servicer well help you grow your business which is what everyone is looking to do. For More Resources And Opportunities To Take Your Business To The Next Level Go To……
Contact Amy:
Amy Sayre
August REI LLC
PO Box 496644
Garland, TX. 75049
Phone 972-767-9219
Phone 844-286-1145
Fax# 888-475-4103
NMLS#1446400
Show Notes:
0:00 – 3:58 Amy introduces herself and why and how she got into building her loan servicing company…
3:59 – 6:58 Amy breaks down the loan servicing process and benefits which are many
6:59 – 12:59 Collections and what happens if payments are not made and August REI collection process
13:00 – 19: 57 How she can help with the selling of a note and preparing a note for sale….
19:58 – 23:11 What are most investors doing when working with August REI as far as exit strategies….
23:12 – 25:32 Wrap mortgages and creating cash flow…..
25:33 – 28:38 Selling and keeping partials notes for higher yields
28:39 – 32:21 Due on sale clause and should you worry about this
32:22 – 34:45 What happens if I make a payment and the seller doesn’t pay the bank
34:46 – END What happens if someone passes away to the loan
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