Account Servicing

Account Servicing:

Magnus Title Agency, as a division of Title Security Agency of Arizona provides one of the very few Account Servicing Departments in Arizona. Account servicing is a value-added service for anyone who desires to have a “third” party act on their behalf whenever there is a private loan or seller-assisted financing. An Account Servicing agent is an impartial party between the payee (the Seller) and the payor (the Buyer), and serves as the entity who maintains records of all payments received and disbursed and keeps a running total of the amounts due under the loan documents. Magnus Title Agency is unique in its approach to private loan/seller-assisted financing in that Magnus Title Agency will assist not only their internal title and escrow customers, but also assist customers who may have closed their title and escrow transaction at another title company. Account servicing provides a much needed service to the seller financed transaction and we our proud that our partner, Title Security Agency of Arizona has provided such services in Arizona for over 35 years.
Services Provided

• Maintain and retain the Seller Finance Documents including the final release document
• Accept and disburse payments maintaining the bookkeeping records
• 1099 End of Year Reporting as required by the IRS
• Provide statements as requested and needed
• Establish and maintain escrow accounts for payment of property taxes, insurance and/or assessments

Please contact Account Servicing regarding your account.
Please make sure to reference your account number when you email or call Account Servicing:

Account Servicing
Title Security Agency

PAYMENTS MAY ALSO BE MADE AT:

6424 E Tanque Verde Road Suite C
Tucson, AZ 85715
Phone: (520) 296-3612
Fax: (520) 751-6425
Email: janet.hogan@titlesecurity.com