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 ]
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