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Wholesaling
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Updated over 10 years ago on . Most recent reply

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Michael V.
  • Wholesaler
  • Atlanta, GA
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41
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Can u double close with liens under the property?

Michael V.
  • Wholesaler
  • Atlanta, GA
Posted

In wholesaling can you double close with liens under the property? If so is it normally the buyer that will put forth the extra money during the closing

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

The original seller will need to pay these off from their proceeds of the sale.  Unless your contract states otherwise.  Ultimately its the end buyer who's bring money to the table, so they would be paid from their money.  But typically its deducted from the sellers proceeds from the sale.

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