I am not sure how the buyer and seller were brought together. The mortgage lender was involved.
At closing, the payout would likely be in USD with typical deed transference.
As these ideas expand and applications are built out, it will be easier to bring buyer and seller together.
In the end, as long as the seller gets paid, he or she doesnt care how the funds were financed.
Posted Using LeoFinance Beta
Okay, I was assuming it was a buyer to seller transaction with no middle man and the part I couldn't understand was why the seller would stake the down payment and allow the buyer to keep that interest as part of their payment. I mean if you are giving me 130k in HBD, I'd probably stake it for sure, but no way would I let you use the 20% towards what you owe me. I am guessing there are some details I am missing.
Posted Using LeoFinance Beta
No the seller is being cashed out in exchange for their house.
Posted Using LeoFinance Beta