Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Stacey Mathis
  • Investor
  • Bronx, NY
0
Votes |
10
Posts

Wholesale Dale - Who pays off the mortgage

Stacey Mathis
  • Investor
  • Bronx, NY
Posted

When doing a wholesale deal, who is responsible for paying off the mortgage?

If it's the seller, how can we be assured that that will be done so that the lender does not later come looking to the next owner (our buyer) for the debt? In other words, what document is executed to prevent that from happening?

Loading replies...