So hypothetically, I closed a deal. I found a buyer and the deal didn’t fall through. He got approved from a mortgage at xyz bank. Now, from who and how fast do I do receive my money?
What is your part of the deal? Are you a wholesaler? Are you the seller? If you are the seller you would get paid by the title company shortly after the loan funded. If you are a wholesaler assigning the deal then you would get paid your assignment fee after closing although if it was not on the HUD then you would be paid by the seller after he receives his funds. Hope this helps.