Updated over 9 years ago on . Most recent reply
Wholesaling
Hello BP! I'm preparing to do my first wholesale deal and am wondering how things work regarding the seller's mortgage. How does the buyer get assurance that the mortgage will be paid? Is this something handled by the title company at closing?
Most Popular Reply
Is the mortgage getting paid off or is the buyer taking over the payments? If the mortgage is getting paid off, the title company will handle that. If the buyer is going to pay the mortgage monthly, there is really no assurance besides trust.