Closed my first assignment!

Finally closed my first assignment of contract last weekend. Put it under contract for 20k and did an assignment for a $2500 fee and $500 up front to hold it. Got both contracts signed in a 45 minute window. I picked up the closing costs of $700. Had a couple issues with the title getting probated over correctly and when the title changed before that apparently the deed was signed in 1979 on a row boat from an uncle so of course there was a misprint in the legal descrition. Got the sellers attorney to fix the mistake he made in probate and an affidavit signed saying both parties were aware of the misprint on the title. Only took an extra 6 days. Title company has agreed to carry the title insurance if the buyer ever resells it again. The title company was a huge help in this and then said they would be willing to work with me on the closing costs for the next one! I guess that means I better get another one going! Which I'm working on...

Thanks DG fam for all the support and knowledge!

Congratulations !!

Good job Dave !! Seems the title company can handle as many as you can come up with ! Market Market Marketingggg !

David

kareng's picture

I am so happy for you!

Nothing is better than a good title company!

On to the next!

Karen