South New Jersey

I haven't as of yet, but a lot of the offers I've made are REO's and from what I've found, they won't allow you to assign contracts. Where are you located? I'm in Lumberton myself. I'm fairly new to REI, but if there's anything I can do for you, just ask.

Griff

I am currently working on doing assignments in South Jersey. Does anyone know the assignment laws in NJ?

you actually can do "CONTRACT ASSIGNMENTS" on REO's, VA, HUD, etc. Now a LOT of the time they will REJECT your offer if you sign your contract with "AND/OR ASSIGNS". However, if you have a contract that states the contract can be ASSIGNED(the language should be somewhere, where the contingencies are listed) as a CONTINGENCY you may have a better chance getting it accepted.

Thanks for the info, it's working better, altho no cigar yet.....

Sully,

When you say "They will reject your offer" who are you referring to?

Let's say that I use the agreement of sale in the docs. Where do you suggest I put the contingency of AND/OR ASSIGN on the contract?

Do I put something like:

I have the right to assign this contract etc...

I have found some great assignments in NJ. Some in areas that I am not familiar with or are a little far for me. I would love to be able to share these deals with my SJ family. I have had many wholesalers contact me wanting to network but I would rather stay within my DG family.

Carol,
I am a recently established real estate investor in Ocean County, with my target area being Central and Southern, NJ. I am looking to assist both retail and wholesale buyers, providing them with the properties they desire at the best possible price. I am always eager to network with people in my area and discuss how we can help each other and other make a profit in this industry. Certainly let me know if you would like to chat over phone or meet one day.
The more knowledge we share, the more we will know, the more successful we will be.
Mati

Hi Carol,
I'm a cash buyer in south jersey (mercer county). Feel free to PM me to connect offline.

Best,
Robert

Hi Mati, I'm located in monmouth county and just getting started in REI. Looking to wholesale/ assign later, but would like to purchase one income property first.
Please PM if you would like to chat.

Joe

hellow, out their may name is John,and im in the so.jersy area.looking to network with people of the D.G family? I think ive over anilzed this thing, now and its time to reach to here to see if i can connect with some one whos thinking along the lines that im thinking.that fear thing its tearable,ive read so much about it thru the postings ,that it had me questing my reasons why i was doing this. well enough of that .taking the leap of faith in to this,so if theres any one out there that would like to network? well ive done it any way ive put my self out here....hope to here from some of you...and thanks for having this space for me to use...John

Hello guys I am so glad to see there are more people from SJ. I will be having a Tri County DG Sub group meeting on June 5th (location Pending) If you would like to join us please pm me.

It is so weird to see Sully on this thread. I do miss him where in the world did he go?