During the life of a loan, unforeseen circumstances often occur: A lender may become incapacitated and unable to sign or locate documents; a portion of the contract may be sold, changing the beneficiary status; a trustee may have been substituted due to a temporary default; a member of the contractual party may have passed leaving property in an estate or to an heir; a Family Trust may have been established, in which your loan was included. All these situations and many more will create additional paperwork, at the end of a contract, before a lien can be removed or a Fulfillment Deed recorded.
If these situations were to arise, would you know what additional documents are needed to satisfy the security? Would the borrower? More than likely, this is not something you deal with on a daily basis, nor do you want to spend your free time calling agencies and incurring additional fees.
The staff at INCS is experienced in dealing with trustee and county requirements. Although we are not licensed to prepare legal documents, we can save you time and money by letting you know what documents need to be completed or what information needs to be supplied.
If a change does occur during the loan, we will provide you with new release documentation or notify you if further action is necessary. Our goal is to have all documents and paperwork complete and in the file when the final payoff funds are received. You don’t have to be apprised of state codes or be an expert on recording requirements-we are: let us do the work for you.
If you have further questions about our True Escrow Service, please give us a call.