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Saratoga Bancorp is a Mortgage Banker offering Trust Deed Investments to private individuals, corporations, pension plans, IRA's and Keoghs. Basically, when you invest money in a Trust Deed you are becoming a Bank; a lender. If you have a savings account or have money in CD's, guess where that money is going? Your bank gives you a measly 2 to 4% interest and then turns around and lends your money pooled with money from others like yourself to let's say your neighbor secured by a 1st or a 2nd mortgage on his or her home at lets say 8%. The difference of 4% gives the Bank a hefty profit after covering the Bank's operating cost. By investing money in a Trust Deed through Saratoga Bancorp, you are eliminating the Bank and lending money direct to the borrower thereby increasing the return on your investment substantially. Saratoga Bancorp keeps Loan to Value ratio to 65%. Since 1986, no investor has ever lost any money in principal or interest.
Title Insurance
Each Deed of Trust is title insured by a Title Company. The Title Company insures that the Deed of Trust is recorded into the represented (1st or 2nd) lien position. Title Company insures that the Title holder/Owner has a valid Title to the property and insures you for any title defects. A copy of the preliminary title report can be provided for your records.
Fire Insurance
The borrower is required to keep fire insurance in an amount to cover the loan or replacement cost of the improvements.
Escrows
Saratoga Bancorp does not handle its own escrows. Every escrow is handled by an independent Title Company. The Title Company also handles the recording of the assignment of the Deed of Trust under your name.
Payments
Saratoga Bancorp services the loan and mails your interest check to you every month as paid by the borrower. If you are the only investor on a particular Trust Deed and want the payment to go directly to you, we can do that too.
Appraisal
Each Deed of Trust is secured by real estate. Saratoga Bancorp obtains professional and independent appraisal on the subject property. A copy of the appraisal is included for your review in the trust deed information package.
Contact us at (408) 219-3196
301 Los Gatos Saratoga Road, Suite A
Los Gatos, CA 95030 This site is owned and maintained by Saratoga Bancorp. Saratoga Bancorp is licensed by the California Dept of Real Estate under license #01220326.
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