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Dominique Mickles
  • Specialist
  • Atlanta, GA
8
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Who pays buyer or seller?

Dominique Mickles
  • Specialist
  • Atlanta, GA
Posted
Who pays the real estate agent the buyer or the seller?

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Tom Gimer
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Tom Gimer
  • DMV
Replied

@Dominique Mickles When a seller finances you, they take a promissory note secured by a mortgage or deed of trust. So rather than walking away from the settlement table with cash they hold paper (your written, enforceable promise to pay). If you don't pay, they can foreclose and take the property back.

  • Tom Gimer
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