Seller's Monetary Benefit
After you cement the contract deal with the seller to stop his pre-foreclosure or foreclosure what exactly does he get monetarily from a contract reassigment to your buyer? Does the seller get to keep the money that was agreed upon from the house sale after repair costs - is that all the equity he built up over the years? Does he just get his equity money back? Same as in a FSBO contract does he keep his equity and the final buyer simply in an all cash buy out (through the dealer of course) own the property and makes it ready for repairs and resell? I guess what I am trying to find out is what negotiating leverage does the seller have for actual money left after he signs over his deed to the final buyer?
Thank you in advance.
Comments(0)