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Except that's not how it works. You don't pay the mortgage company, you pay the seller.
by 293984j29384 2y ago
Except that's not how it works. You don't pay the mortgage company, you pay the seller.
- nijave 2y agoIn the U.S., you pay the title company which acts as or with an escrow company. The escrow company disperses funds to the correct companies once the proper paperwork and all conditions of the sale are met. This could include paying the mortgage company fees and prepaid interest or paying the seller.