Posted by John Merchant on January 09, 2010 at 18:28:29:
Since the lot is listed, if S is going to have to pay a RE commission he’d have to split that commission with YOUR RE agent.
That RE agent would be representing YOU and could advise you on your rights and obligations.
So find a buyers agent for yourself and quit guessing on what you can or should do here.
Buying a lot in Oregon sub 2 - Posted by Micheal in Oregon
Posted by Micheal in Oregon on January 09, 2010 at 16:41:55:
I have never done a sub 2 deal so am a little apprehensive about it. Are there any issues I shoud be particularly careful with in buying a lot subject 2 existing financing in Oregon? Seller’s brother is a RE layer. Should we use him or is this a conflict of interest on seller’s part? Holder of note is a local credit union and the financial community is relatively small. Is this a potential problem with respect to the due on sale issue?
Property is listed. Do I just pay commissions?