from the sellers with no third party involved (ie the bank). If the sellers default on their loan, the house has nothing to do with it. We have a secured interest in the house and our contract precedes all other contracts. So why would a seller ever agree to this? Many reasons: you (the buyer) are offering a monthly payment higher than the seller’s monthly payment to the bank, the seller has bought another house and can’t afford multiple payments, the seller is fearing foreclosure on their …