Pelican Escrow Services, LLC, Logo
(985) 626-5995


How we service you, the BUYER

When to call us:

• When Buyer or property does not meet
qualifications for a traditional mortgage
• Seeking more favorable interest rates
• You’re tired of renting and want to own your home
• You are waiting for another property to sell
• You’re purchasing directly from a family
member or friend and want a professional to
facilitate the payments and escrow accounts

Benefits to you:

• Benefits of home ownership
• You can sell the property before your contract ends
• We provide an IRS form 1098 indicating the amount of interest you paid so you can claim IRS interest deduction
• Save money on closing cost (no points, appraisal, PMI, or stringent loan requirements)
• Your contract is recorded to protect all parties
• Establish payment history to support your refinancing ability
• Option to have your monthly account statements mailed or emailed to you
• We collect and hold escrow funds for Taxes and Insurance in a secured trust account
• Gain peace of mind knowing you’ve planned ahead
• We provide an account analysis every year to keep your escrow account on track
• We can transfer Title with Power of Attorney

How we service you, the SELLER

When to call us:

• Reduce time your home is on the market
• You want to make a profit
• Property does not appraise for your selling price
• Finance all or portion of the sales price
• Avoid bankruptcy or foreclosure
• You are motivated to sell
• Investors seeking a professional to handle the accounting of payments and escrow accounts

Benefits to you:

• With Bond for Deed contracts, you maintain the title of property until all payments are made in full
• Sellers earn interest as a “Lender”
• We provide accurate payoff of principal and interest due
• Elect to have your payments auto deposited directly into your checking or savings account
• You’ll be informed of any delinquency
• In the event of Buyer’s non-payment, we will issue Default and Cancellation notices
• Avoid the hassle of keeping up with payments, escrow amounts, interest paid, and balances due
• Be informed when insurance and taxes are paid annually
• Receive monthly email notifications when Buyer makes a payment


Realtors

• Increase your sales rate
• Broaden your client pool
• Option to distribute your commission over time
• Help your clients by offering contraditional financing
• Ask how your clients will save money

Title Companies

• Contact us for document preparation
• Let our experienced staff review your Bond for Deed contract to ensure all parties are protected
• We are experts in setting up and servicing escrow accounts
• We can answer your questions regarding ‘wrap around’ mortgages and how a Bond for Deed payment will be disbursed