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Updated almost 4 years ago on . Most recent reply

User Stats

41
Posts
7
Votes
Shalante Davis
  • Fort Washington, MD
7
Votes |
41
Posts

Rehabbing and Paid at Settlement... I Have so Many Questions???

Shalante Davis
  • Fort Washington, MD
Posted

Hello BP,

I have come across a company that markets to realtors to provide their sellers with an opportunity use this company to complete any upgrades or a full rehabs on their property to be listed at the maximum market price and the company (investor) is paid at settlement.  I am trying to wrap my head around this. How does this company/investor protect them self from a seller that deciding not to sale the property. I'm sure they placing a mechanic lien against the property, but it can take years to recoup the money spent on upgrades/rehab to the property. Do you think they have the seller add their name to the deed? What are your thoughts?

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