OfflineHello again everyone. My latest question is a little outside the norm of the assignment.
This Entire post is about What happens to the purchase agreement after And/OrAssigns is written on it.
I recall reading in Profit from RE Right Now, Dean said something along the lines of, after so and so "I'll tear up the contract you have with me and step out" I could be dead wrong but I think it was in refference to assignments.
Either way, it got me thinking. I know the basics of the assignment with the And/Or assigns written on it. But after that what happens? Where do forms go, which new ones come into play, where do the Assignee and Seller put their John Hancock, what happns when?
I'm sure I'm leaving something out so please feel free to add anything relevant.
MattNJ
If only I could remember I put a post up on the forums.
No one knows anything about the paperwork? Or am I getting the silent treatment?
If only I could remember I put a post up on the forums.
MattNJ,
The infomation you ask for is right in front of you on this site(forums)and in the book PFRRN!Find it in the book about IEE and Assignment and after you read that,Read chapter 12...Dean talks more about it in his closing of the book!
Invest in yourself!
Hi matt! Once you get all the forms signed, you take them to your real estate attorney or title company, but most likely a real estate attorney. Then after the property will go into escrow and once all the agreements are met on the contract by both parties you should be able to close on it.
Thanks very much for the replies folks.
If only I could remember I put a post up on the forums.