If you are or will be receiving payments on a contract or obligation of any type, Cashmere Valley Bank can handle all the details of servicing your loan or contract payments, including depositing directly into your checking, savings or investment account. Most frequently, "Contracts" collectively refers to "Real Estate Contracts", "Notes and Deeds of Trust" or "Notes and Mortgages" or other modes of seller financing. Collecting and disbursing those funds correctly can demand more time and financial knowledge than many people want to commit to. Our contract servicing service relieves you of the worry and inconvenience of handling all the details. Our experience ensures that the payment processing and bookkeeping tasks are accurate and timely. This allows you more time to spend on the activities that are important to you, while professionals with years of experience handle your account.

Cashmere Valley Bank can be of assistance to you and make your life a little easier if:

• You've sold a house, business or lot and carried back a loan or contract.(Seller Financing)
  
• You loaned money to someone for a car or other major purchase.
  
• You are collecting rents on rental property or other leased property.
  
• You are collecting a payment of any type.
  
• You and/or the payer desire a neutral third party to provide record keeping on payments.
  
• You want to make sure your payment is deposited to your account even when you are out of town.
  
• You want the convenience of not having to collect and account for the payments or take it to the bank.
  
• You are not sure how to satisfy the IRS interest reporting requirements.
  
• You want to increase the likelihood of prompt payment.
  

Here’s how we can assist you:

• Cashmere Valley Bank can help you save valuable time, make your life a little easier, and give you greater peace of mind. Here’s what we can do.
• Work with you or any professional working with you such as Realtors, CPA’s, Attorneys to set up the collection account or transfer it.
• Cashmere Valley Bank collects the payments owed to you every month.
• Promptly mails them to you or deposits them into your checking or savings account.
• Keep an accurate record of every payment made and every disbursement.
• Provides individual year-end financial accounting, required for proper IRS documentation to each payer and payee.
• Increases the likelihood of prompt payment by issuing a payment coupon book and by having your borrower deal with a financial institution rather than an individual (you).
• Gives you greater freedom, deposits are made to your account even when you're out of town.
• Let’s you avoid unnecessary bookkeeping, phone calls, and travel expenses.

• Seller financing is a valuable sales and client solution tool, providing greater flexibility to put deals together and meet client goals.
  
• Make more properties saleable
  
• Close more sales
  
• Close more quickly
  
• Qualify more buyers, even those with credit blemishes
  
• Make more properties saleable, even those that would not qualify for conventional financing

To set up an account, contact us at 509-664-5452.