Quote:
On 2003-08-19 18:41, mdh2003 wrote:
Is this the same as selling a note, and how due you implament that in a contract?
Hello Mdh2003,
Assigning a contract and selling a note are two completely different things. "assigning" is when you get a house under contract and you put "and or assigns" after your name. In this scenario you would "assign" or flip the contract to other investor for a fee. "Selling a Note" is selling a contract (usually a mortgage)that is created when you take back financing for a piece of property.
(see my website in profile for detailed info)
Hope this helps!
Quote:
On 2003-08-19 18:41, mdh2003 wrote:
Is this the same as selling a note, and how due you implament that in a contract?
Hello Mdh2003,
Assigning a contract and selling a note are two completely different things. "assigning" is when you get a house under contract and you put "and or assigns" after your name. In this scenario you would "assign" or flip the contract to other investor for a fee. "Selling a Note" is selling a contract (usually a mortgage)that is created when you take back financing for a piece of property.
(see my website in profile for detailed info)
Hope this helps!
Happy Investing!
Is it also legal to sell an option to purchase?