Initialing Agreements When Wholesaling?
I know that if I am going to flip a property to an investor without it going in my name, that I need to sign it as "John Doe and/or assignee." But what about where I have to initial each page. Am I still safe doing that and still able to assign the property? 
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Quote:
On 2003-10-23 23:33, qball31 wrote:
I know that if I am going to flip a property to an investor without it going in my name, that I need to sign it as "John Doe and/or assignee." But what about where I have to initial each page. Am I still safe doing that and still able to assign the property? <IMG SRC="images/forum/smilies/icon_confused.gif">
Sign what? The offer to purchase (the contract)?
Why wouldn't you just sign it under your own name?
The contract says MyName and/or my assigns. That means that either you or some person to whom you assign the contract will be buying. When you assign, you'll have a "Notice of Assign" or "Memo of Assign".
[addsig]
When you assign a contract and the investor backs out does the contract end with the sellers because you assigned your rights over? This happened to me and the attorney told me I had no case to keep the sellers in contract. I live in Ca.