Investing in Trust Deeds in the State of California requires a great deal of knowledge, research, and time, even after a loan is arranged. By loaning funds that are secured by real property, the lenders commit themselves to a business-like relationship with their borrowers, which requires continuous and professional work. This commitment lasts for the life of the loan, be it twelve months or twenty years. There are specific duties placed upon the lenders by Law when they invest in Trust Deeds. Let Redwood Trust Deed Services, Inc. help you fulfil these duties correctly and professionally.
The table below summarizes the multitude of various services that we can offer to a private lender. The list is long due to our commitment to provide a full service to the lender and treat each loan as though it were our own investment.
Payment coupons for life of loan Disbursing of funds received from borrowers Mailing of Delinquency Notices advising of late fees Assurance of our checks being “good funds” Monitoring and enforcement of hazard insurancecoverage Mailing of payments directly to the lenders’ financial institution Monitoring for senior lien defaults Notification of over thirty-day delinquency Monitoring of property taxes Ordering lender-placed insurance to protect the lenders’ interest in the property Annual mailing of form 1098 and reporting to the IRS Annual mailing of form 1099-INT and reporting to the IRS Annual mailing of statement and payment history Annual mailing of portfolio statements and payment histories
Mailing of Balloon Notices Confidentiality of your private information
Preparation of the Payoff Demand Limited document preparation services
Personal phone assistance during business hours Personal phone assistance during business hours We invite you to call us at (800) 378- 4388 or email at services@redwoodtrustdeed.com to inquire about our services. Once we know your specific situation (i.e. new or seasoned loan, multi- or single-lender loan, etc.), we will then provide you with a couple of simple application forms and a checklist to help you organize your information. We look forward to hearing from you!
Redwood Trust Deed Services, Inc.
392 Tesconi Court
Santa
Rosa, CA 95401Phone: (800) 378-4388
Fax:
(800) 378-4845 Email: service@redwoodtrustdeed.com
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