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Party A would be the seller, who has a mortgage and connot seem to sell house.
I come in (party B). I find someone who wants to buy a house (Party C), but maybe has some credit bruises.
Party C buys house from Party A, and assumes the mortgage (deed subject to Party A's mortgage).
I collect a fee from Party C's down payment. The remainder of down payment (if any) goes to Seller A.
A gets to unload a property they don't want.
C gets to buy a property, and gets a mortgage (A's original mortgae) without going through mortgage underwriting.
B (me) makes $10,000 for brokering the deal.
EE
Actually, it would be an assignment of MORTGAGE..... (AND CONTRACT).
The MORTGAGE part is the tricky one....
I have a seller with a mortgage willing to sell "subject to".
I have a buyer who wants to assume that mortgage.
I want to earn a fee to be taken from the down payment, and match the two of them up.... "mortgage assignment" from the seller to the buyer.
Need an attorney who won't say "huh" ??
EE