Assignment fee collected as a monthly payment ?

[Lina Bibikov]

Have a deal where I didn't get the end buyers to show POF. Few days to closing they call and tell me that they are still working with the bank.

Purchase price $13,000 assignment fee is $9,500. The buyers are emotionally invested and want the property badly. So I’m thinking if they bring enough to cover the purchase and closing, allowing them to put my fee on a monthly installment.

Has anyone done this before? What should I look out for?

Thanks so much!

[Greg Scott]

You should record that as a mortgage / deed of trust to ensure you get paid.