Posted by Kristine-CA on July 04, 2002 at 13:25:09:
Arch: I collect my assignment fee at the time of assignment. The buyers go to close with their own funds and I am out of the deal completely.
However, with largers sums, some buyers are going to need to pay you at closing with funds from their loans. I’ve never done this before, but I would assume it’s not really different from other fees that are added to the purchase price (such as buyer’s share of escrow cost buyer’s agent cost) for a total due from the buyer at close. Hopefully someone here can help us on this one…