My first potential deal but.....

[Benjamin Dail]

The guy says he wants 15k for a 4br house with basement. I checked on it and he took out two loans on it from the bank totaling 15k. If I decide to put it under contract with him, how do I ensure the money he gets goes to the bank so the debt is paid? Is that something I need to word in the contract or does the title company handle that?

[Adam Bartomeo]

The title company will ensure that the notes are paid. It is part of the process to making sure your receive a clean title.