Flipping Contract...who Pays?

If I assign/flip a contract on a preforeclosure deal and offer the homeowner money as an incentive, who pays the owner? Do I when I sell the contract or does the person who buys the contract from me?

And if it's the next buyer, do include that in my assignment contract?

Thanks,

Dee[ Edited by DeeLewis on Date 10/09/2003 ]

Comments(1)

  • KyleGatton9th October, 2003

    Its all up to you. you structure the deal you decide what will work. I personally would assign for a flat fee and pay the homeowner out of my cut for simplification, but that might not work on your deal.

    Good Luck,
    Kyle

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