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Updated 11 months ago on . Most recent reply

Brian Kempler's profile image
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Brian Kempler
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Brian Kempler's profile image
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Brian Kempler
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87
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General Real Estate Investing

Crediting back some of a buyer's down payment

Brian Kempler
Posted

I would like to credit back a portion of my buyer's down payment on a house, say a few days after closing. We'll then write a promissory note for the amount, maybe attached by mortgage (if not, a lawyer said attaching a judgement lien upon default isn't too hard, provided no chapter 7 bankruptcy filing).

Has anyone done this post closing? Were both parties content with the outcome?

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Bruce Woodruff's profile image
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Bruce Woodruff
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Bruce Woodruff's profile image
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Bruce Woodruff
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  • from West Valley Phoenix
  • Member since Apr 11, 2021
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Bruce Woodruff
#5 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,732
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Bruce Woodruff
#5 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Pardon my ignorance, but why are you wanting to do this?

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