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Foreclosure Forum |
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Use of Finder's Agreement
I'm in Southern Cal/LA area. Ward a question of you please. Can I use a 'Finder's Agreement' paid by the BUYER (NOT THE SELLER)? I have a Bulk Purchase in play...the Seller/Bank will not pay commissions. I have packaged this opportunity and found a Bucks Up Buyer. The buyer would buy directly from the Seller/Bank-Institution and pay us a "Finder's Fee". Q: Can I structure this transaction this way with a Binding agreement that complies with the rules? I don't know if an Option is obtainable with the Bank in leiu of the Finder's Agreement. Your suggestions would be very appreciated.
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