See a property for sale on terms? On Fabrica, sellers have the ability to offer properties on financing terms. Form contracts give buyers and sellers certainty and security that the financing transaction will proceed smoothly and successfully.
The downpayment (if there is one) is due at closing, and monthly payments are due on the 18th of the month. Missed payments will incur late fees, and further delinquency will cause the loan to accelerate, meaning the buyer will have to either pay the full outstanding balance of the loan, or default. There are no payment refunds if a buyer defaults.
Fabrica's automated payments system and digital title setup gives buyers certainty that a seller can't walk away from a transaction. As long as payments are made, the property will transfer hands at the end of the financing.