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Stacey Mathis
  • Investor
  • Bronx, NY
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Wholesale Dale - Who pays off the mortgage

Stacey Mathis
  • Investor
  • Bronx, NY
Posted Jun 14 2015, 09:57

When doing a wholesale deal, who is responsible for paying off the mortgage?

If it's the seller, how can we be assured that that will be done so that the lender does not later come looking to the next owner (our buyer) for the debt? In other words, what document is executed to prevent that from happening?

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