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NOTE 7 ADVANCES

9 Months Ended

Sep. 30, 2013

Advances [Abstract]

ADVANCES

NOTE 7 ADVANCES

Advances, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:

		September 30, 2013				December 31, 2012
Servicing:
Principal and interest		$	149,184			$	83,617
Taxes and insurance			604,636				51,447
Foreclosures, bankruptcy and other			183,861				41,296
			937,681				176,360
Other			8,606				8,103
		$	946,287			$	184,463

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- Definition

The disclosure of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.

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