OfflineCan anyone clarify for me if I need all forms that are used in an IEE deal for a assignment deal. Or do I just need the property disclosure statement and the investor purchase agreement to complete an assingment deal. Also where can I get the forms for a lease option contract? Thanks a bunch.
Randy
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"IF WE DID ALL THE THINGS WE ARE CAPABLE OF, WE WOULD LITERALLY ASTOUND OURSELVES."
-Thomas A. Edison
I'm not sure if anyone every answered your question about the forms for assignment but I'll give you a couple tips anyway! Your going to became a successful real estate investor right:) so one thing that you can get use to doing is using a standard purchase agreement but in the spot where you enter the buyers name should read "Buyer and/or Assigns" This means that the conditions of the contract will be up held by you being the original buyer or whatever buyer you assign the deal to. You should get comfortable doing this because there will come a time when you are actually considering buying the house but then may later on find it more suitable to assign it
Another way to do this in a standard purchase contract is to add it as a clause by simply stating you as the buyer have the right to assign the contract to a third party.
Also check out the forms and docs area of this website if you have not already there is a great assignment of contract form there.
Whenever your planning on assigning a deal make sure you are expressing your intentions to each party being the seller and the new buyer.
I hope this helps