Assignment To The Buyer????
Hi! I am wanting to do short sales and assign the contract to the buyer (I believe that is what I am doing) so no money comes out of my pocket. What is assignment exactly and how do I go about doing it?
Thanks
If you've read thru the TCI archives, you'll know that it is difficult to assign a mortgagee approved short sale within the 1) very short window of opportunity, and 2) within the strict framework of the terms of approval.
You best chance is to lay the proper foundation to permit an assignment, or a more expensive double close, and have an established network of ready, willing, and able Purchasers prepared to close quickly... contingency free.