Say I have a $100,000 home. There is $50,000 in equity. There are 8,000 dollars in repairs so there is $42,000 left. Am I getting my assignment fee from the equity? Am I getting the assignment fee from the buyer once they purchase the home at 65% of the 100,000? I am going to be explaining it to my title lady this week. Needs some clarity…
you make your money on your assignment fee paid to you by the purchaser
is that usually done at settlement? do you go to settlement to collect the check?